A building (or construction) loan is one you might apply for if you were looking to build a new home, or to make some major structural changes to your existing home. Generally building loans are written as a land and construction loan, where the borrower applies for a loan to cover cost of the purchase…
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…
First-time buyers are actively searching in affordable areas around Australia during the COVID-19 pandemic hoping to snap up property bargains. Savvy first-time buyers are seizing the opportunity to secure a property while incentives are high, low deposit home loans remain on offer, and competition is low due to the coronavirus. Despite a general drop in…
Confused by Dad’s mortgage lecture and really want to know where to start? We have you covered. In normal circumstances it’s really hard to know where to start when buying or building your first home. There is a lot to think about like: Should I buy an existing property or build? How do I research…