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When taking out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan.
If you are concerned about servicing your loan, reach out to your local mortgage broker for help. As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand.
Following a long-awaited correction, many property markets across Australia appear to have plateaued and are now once again increasing in value.
While a number of lenders offer lower rates to new customers, it’s not always so simple for existing customers to secure the same outcome.
If you have a stable income but don’t have the cash for a deposit, an expert can help find a way to turn your dreams into reality.
If you don’t receive approval don’t give up. Speak to a professional in the industry and keep your dream alive.
A simple home loan health check led two police officers to refinance for a saving of $7600 a year in interest.
Paying off your education is no reason to put off buying property.
Knowing what a property is worth is central to avoiding paying too much for it.
Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference.
While many first home buyers might feel thwarted by escalating property prices in some capitals, plenty are still taking the plunge, spurred by low-interest rates and the great Australian dream of owning your own piece of turf.
One in two Australian home buyers* now borrow via a broker. A dip in sentiment towards traditional banks, tighter lending criteria for investors and better-educated consumers have all helped boost mortgage brokers’ popularity over the past decade.
It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan.
Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently.
While you may not need a six-figure salary to invest in property, those who earn a relatively low income will require a little more creative thinking to start a portfolio. Here are some tips to help you get started.
If you apply for a home loan, particularly if the loan is for more than 80 per cent of a property’s value, you’ll more than likely have to prove to lenders that you have a satisfactory amount of savings. This is to demonstrate your ability to funnel a portion of your income into repayments.