Australia has enjoyed six blissful years of falling interest rates, but if the forecasters are to be believed, that could be about to change. Since 2011, the RBA has cut its official cash rate 12 times, from 4.75 down to just 1.5 per cent. As recent interest rate cuts have failed to boost the economy and increase inflation, it’s highly likely an increase will be on the cards in 2017.
Selling your home in summer lets you show it off at its very best. But enticing prospective buyers in can be tricky, when many prefer to avoid attending open homes when it’s just too hot. To help get your home summer-ready in time to sell, we’re sharing our tips. Embrace those lazy summer days with a few simple chores to make your home a cool and welcoming oasis for prospective buyers.
When applying for a home loan, it helps to understand how lenders assess you and your situation. Whether it’s a bank, an independent lender or a financial firm, applications are carefully assessed before they are either approved or declined. And while credit policy may differ amongst lenders, all lenders follow similar guidelines when assessing loan applications.
When buying your first home every cost saving counts. But if you’re struggling to save a large enough deposit, there’s a good chance you’ll have to pay Lenders’ Mortgage Insurance. Lenders’ Mortgage Insurance can be a sizeable cost, so it’s worthwhile finding out about it up front and factoring it in. There are a few ways you can avoid paying Lenders’ Mortgage Insurance and we’ve broken those down for you here.
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