If you’re looking to buy an investment property and have equity in your own home, refinancing your home loan could be the best way to fund your purchase. In this article we’ll explain how this may work for you. Why refinance your existing home loan? Usually, when you take out a home loan to buy…
Comparison rates help us to compare loan products. They are designed to enable us to compare apples with apples, when it comes to the total cost of lending products, but unfortunately they don’t paint the whole picture. What is a Comparison Rate? A comparison rate provides a simplified way to compare the effective cost of…
First-home buyers in every state of Australia already had cash incentives to build or buy a new home but recently the stakes got considerably higher. When the federal government revealed its $25,000 HomeBuilder grant in a bid to boost the economy, throwing a lifeline to the home construction industry, it wasn’t designed to be used in…
It always takes some planning to get your finances in order for the end of financial year, and this year may look a little different, come June 30. The COVID-19 pandemic may have impacted your circumstances and therefore your situation could be looking different to normal. Perhaps you have been working from home, your wages…
The coronavirus pandemic has hit many Australians financially, through job loss and reduced income. If you were hoping to buy a home before the pandemic but now find yourself earning less, you probably think your chances of getting a home loan are next to zero. But this may not be the case! While lenders are…
Social distancing has recently given us more time at home than ever before. This has given us time to think about family, and plan those dream renovations or home upgrades to help embrace the enjoyment of time at home. With so much time at home, and with expected Government stimulus coming to maybe even kick…
Aussies have been told to expect low rates for some time, and the Reserve Bank is sticking to its guns by leaving the cash rate at a record low. At its monthly meeting on 2 June the Reserve Bank of Australia has kept rates on hold at 0.25 per cent as was widely expected. The…
It’s not surprising that many first-home buyers keeping abreast of the latest property news are feeling the “fear of missing out”. Interest rates are at an all-time low, restrictions on public auctions have eased, and some homes have been discounted according to recent data from realestate.com.au. While these conditions can provide a boost for first-home…
Want to refinance your mortgage but worried you’ll be rejected? Find out how a lender will assess your home loan refinance application. The best step you can take upfront is to work with an accredited lending specialist who not only understands your goals, but who is knowledgeable in credit and honest in all discussions. Sometimes…
Going to bid at an auction without getting pre-approval for a home loan first is a bit like going shopping without a budget or even a wallet. Here are four reasons you should always make sure you’re pre-approved before you raise your hand at an auction. What is home loan pre-approval? Pre-approval for a home…