Just as our unique Australian landscape is vast and varied, so is the world of mortgage broking and home loan refinancing. This all-encompassing guide takes you on a journey through the refinancing terrain, from the rocky escarpments of home loans, government schemes, and insurance, right down to the fertile plains
Refinancing your home loan can help you save money on interest, reduce your monthly payments, and access cash for other needs. If you’re considering a refinance home loan, here are six tips to help you get the best deal on your home loan. 1. Understand Your Current Loan Before you
Refinancing a home loan can be a great way to save money, access equity, or improve your loan terms. However, the process can be lengthy and may take several weeks (6-8) to complete. If you’re considering refinancing your home loan, here’s what you can expect in terms of timing. Pre-Application
Refinancing your home loan can be a great way to save money, access equity, or improve your loan terms. However, it’s important to understand the process and potential risks before making a decision. If you’re considering getting a refinance home loan in Melbourne, here are some important things to keep
Incentives to help you enter the Australian property market as a first home buyer Entering the Australian property market can be challenging, with property prices experiencing record highs in the past few years. Not to mention the sharp increases in interest rates we’re experiencing in 2022. But all is not
Back just a few short months ago COVID-19 felt like something that was happening overseas and we continued going about our normal routine. As we come out on the other side of March 2020, there is now no doubt, that this year has brought with it significant challenges for both
Need finance to cover cash flow gaps in your business, finance growth or expansion, or invest in extra working capital? Keen to start a new business but need a financial leg-up to make it happen? Run a Digital marketing business in Australia or Online business? Securing a business loan can be
With Melbourne property prices the second highest in Australia, many of us are investing interstate to get our foot on the property ladder. And while this can be an excellent way to access more affordable property with a strong return, it comes with its fair share of challenges. So if
Buying an investment property can be an excellent way to grow your long-term wealth. It can also offer some welcome tax benefits. But as with any investment, buying real estate comes with its fair share of risk. That’s why we’ve put together our top 10 tips for setting yourself up
So, you need a loan to buy the house of your dreams. And you’ve decided to hire a qualified mortgage broker in Melbourne to find the right loan for you. (Learn about the benefits of working with a mortgage broker over a bank). But how do you choose the best
Why choose a mortgage broker over a bank? Mortgage brokers Melbourne or home loan brokers as they’re sometimes known are becoming increasingly popular with Australian borrowers. In fact, these days, they write more than 50% of all home loans. Here we look at some of the reasons why enlisting the
How to help your kids buy property in Melbourne Buying property in Melbourne is harder for young people than ever before. At the end of 2017, the median house price in Melbourne was a staggering $821,000. That’s more than 10 times our average annual full-time salary. What’s more, the 14th
The types of mortgages and home loans in Australia With house prices at record highs, these days, getting a home loan is essential for most Australians looking to buy a new home. There are hundreds of home loans out there. And choosing the best loan for your circumstances can be
Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do
Entering the property market is no easy feat for a first homebuyer, but even parents who aren’t prepared to hand over cash for a deposit may help by being a guarantor on a loan. Before taking the plunge however, it’s crucial to be aware of the implications involved. Here are
There is more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Here are the first things you should check off your list to help you get the largest return from your investment and to ensure the process runs as smoothly as possible.
Whether you’re after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits. Here are some things to be aware of so that you don’t find yourself hooked into a bad deal. Don’t be fooled by the interest rate
Finance data for housing in December 2016 was released last week by the Australian Bureau of Statistics. Housing finance continued to trend higher in December 2016 and the increase was driven by owner occupiers rather than investors. In December 2016, 7.1% of housing finance commitments were to owner occupier first
Purchasing a property is a thrilling yet nerve-wracking experience, which is why it can be handy to surround yourself with a network of support and expertise. Here are the different parties who may be involved in your home-buying process and how you can use this valuable knowledge base to answer
Because they can save you time and thousands over a term of your mortgage As the home loan market becomes increasingly complex, more people are turning to find a mortgage broker in Melbourne. Here are some of the reasons. Mortgage broker can save time and Offer more options The choices now
Reducing the life of your loan isn’t difficult; there are many simple things you can do to cut years off your mortgage. Here are some tips that will help you be mortgage-free sooner than planned. Small extra repayments One of the most obvious ways to pay off your home loan
Why does my broker ask for so much documentation? No one likes paperwork; however, providing your broker with the right documentation will save you time and money. What information will your broker ask you to provide? When you ask to enlist the services of a broker, they will probably ask
Lender’s mortgage insurance (LMI) is required in many instances when a home loan is worth more than 80 per cent of a property’s purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely
It has been another strong week for auction activity, there were 2,445 auctions held across the combined capital cities with a preliminary auction clearance rate of 78.3 per cent this week. Last week, the final auction clearance rate was recorded at 76.2 per cent with 2,149 residential properties taken to
At the moment over 90% property transactions you are likely to deal with real estate agent, Therefore, it is worth taking time to understand what makes them tick. Moreover, they will ask numerous questions to find out your needs, however, if you can understand your agent it is an added
