The Reserve Bank of Australia (RBA) has reduced the official cash rate to a historic low of 0.10%. At today’s meeting, the Reserve Bank of Australia (RBA) has announced that the official cash rate will be reduced by 0.15% to a historic low of 0.10%. This is to further support the economy as it recovers…
Lenders mortgage insurance (LMI) premiums are payable in two ways, an upfront fee, or by capitalisation. Capitalising your LMI premium essentially means adding it to the total loan amount, and paying it off in regular instalments with your home loan. For most home purchasers saving a 20% deposit can be hard – and takes time.…
Your property is likely to be your largest investment so it’s a good idea to protect it. There are many different types of insurance you may want to consider when you are buying a property. Home insurance Home insurance (also known as home building insurance) can cover you for damage to your home in the…
There are a number of reasons why a person may want to invest in property, but they never actually get around to it. Sometimes we have the best intentions and really, truly want to take action. We do research. We attend the seminars and the courses. We also get educated and learn what’s possible. We also discover the…
When you’ve found “the one” for the second time, knowing whether to buy or sell first can be a tricky decision. It’s time to move from your humble first pad to a larger home. But unlike the first time you bought, you already have a home loan. Do you pack it with you or thank…
Much like ordering everything off the menu at a Michelin star restaurant without checking your wallet, searching for properties without understanding your true borrowing power can leave you with a bill that you can’t afford (or get out of). Whether you’re a first-home buyer or looking to upsize or downsize, speaking to a lending specialist…
We answer five of the most popular questions every prospective buyer Googles at the beginning of their home-ownership journey. When you’re looking to break into the property market as a first home owner, there’s plenty to wrap your head around. It’s absolutely understandable that you’ll head over to Google to start your desk research on…
It’s the silver lining to the COVID-19 recession for those lucky enough to still have a job and own a home. Low interest rates are here to stay according to the Reserve Bank of Australia’s governor Philip Lowe and economists. And homeowners can expect interest rates to remain at record low for at least three…
As we prepare for the possibility that the coronavirus pandemic may continue for longer than first anticipated, it’s become essential that home loan customers are offered more flexible options. With many banks and lenders adjusting their application assessment methods, home loan borrowers may be finding it difficult to source the right finance, even if their…
Most home buyers have probably heard about needing a 20% deposit to buy property. But that is not necessarily true as there are other types of loan options that can be taken advantage of. Did you know that there are a limited number of lenders that allow you to borrow up to 98% of a…