5 First home buyer mistakes to avoid

Apr 15, 2019 11:56:33 AM

When buying your first home, it’s easy to get swept up in a whirlwind of excitement and make mistakes that could end up costing you later on. Even if you’ve done your research and have a good understanding of the property market, there’s a lot to take in and to think about. Here are 5 first home buyer mistakes to avoid.

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Topics: First Home, lending options, Home Loan Advice, Australia Mortgage Broker, Home Loan Application

How to get a home loan when you’re self-employed

Apr 15, 2019 11:48:11 AM

When applying for a mortgage, most lenders require you prove your income which can be a challenge if you’re self-employed; particularly if you haven’t already done your taxes or been in business for very long. But that doesn’t mean the end of your home ownership dreams. At Mortgage Express, we help self-employed borrowers every day, working with lenders who offer alternative options and access to competitive home loans.

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Topics: Credit Check, Self-Employed, lending options, Home Loan Advice, Small Business Lending, Australia Mortgage Broker, Home Loan Application

Can bad credit stop you getting a home loan?

Apr 15, 2019 11:44:44 AM

Bad credit happens for all sorts of reasons: illness, divorce, redundancy, causing you to miss payments and end up with a black mark against your name. Even if you do manage to pay the overdue bills, clear your debt, or fix up a default on a loan repayment, your credit history may still be impaired. Read on to find out what bad credit is and what your options are when it comes to securing a home loan with bad credit.

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Topics: Credit Card Debt, Credit Check, Bad Credit Home LOan, Bad credit, Comprehensive Credit Reporting, Home Loan Advice, Australia Mortgage Broker

Changes ahead: Capital Gains Tax and Negative Gearing

Apr 15, 2019 11:39:48 AM

The 2019 Australian federal election will take place on 18 May 2019 to elect members of the 46th Parliament of Australia. The poll will decide whether the conservative government wins a third term or is replaced by a Labor administration led by Bill Shorten. In the lead up to the election, the ALP has announced a number of proposed changes around capital gains tax and negative gearing. Read on to find out how this could impact you.

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Topics: Negative Gearing, labour government, Capital Gains Tax, CGT, Home Loan Advice, Australia Mortgage Broker

What is Comprehensive Credit Reporting?

Mar 20, 2019 9:37:23 AM

Comprehensive Credit Reporting (CCR) is Australia’s credit reporting system which aims to make it easier for lenders to assess an applicant’s credit history. With CCR, when you apply for credit, authorised lenders will have access to up to 2 years of your repayment history, along with detailed information of your credit accounts. Find out what the change to CCR means for your finances.

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Topics: Lenders, CCR, Comprehensive Credit Reporting, Home Loan Advice, Australia Mortgage Broker, Home Loan Application

Divorce and Your Mortgage

Mar 20, 2019 7:00:00 AM

There’s a lot to think about when it comes to divorce or separation, including a number of decisions that need to be made around your biggest asset: the family home. How property is divided in a divorce or separation will differ in each situation and may need to be decided by the Family Court. Here are some of the things you’ll need to think when it comes to splitting the family home in a divorce or separation.

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Topics: separation, divorce, Home Loan Advice, Mortgage Terms, Australia Mortgage Broker, Home Loan Application

What is a Reverse Mortgage?

Mar 19, 2019 7:00:00 PM

If you need to free up a little cash as you head into retirement, a reverse mortgage could be the solution. A reverse mortgage lets you mortgage your property so you can access your equity with no repayments required until you move out. For many retirees, a reverse mortgage offers financial security to cover those unexpected expenses – like home repairs or major surgery – without having to sell the family home. Read on to find out more about a reverse mortgage.

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Topics: Retirement, Home Equity Loans, Home Equity, reverse mortgage, Home Loan Advice, Australia Mortgage Broker, Home Loan Application

5 Tips for a Home Loan Application With Credit Issues

Mar 19, 2019 12:15:33 PM

If a bad credit rating is making it hard for you to get a home loan, it doesn’t mean you need to shelve your home ownership dreams. Credit history can be affected by several factors including missing payments and late payments. Take a look at these five tips to help you get on top of the credit issues that could be impacting your home loan application.

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Topics: Bad Credit Home LOan, Bad credit, Comprehensive Credit Reporting, Home Loan Advice, Low Doc Home Loan, Australia Mortgage Broker, Home Loan Application

The Royal Commission Report: Impact on Borrowers

Feb 21, 2019 8:11:55 AM

Earlier this month, the long-awaited Final Report of the Royal Commission into misconduct in the Banking, Superannuation, and Financial Services Industry was delivered, proposing changes – amongst other recommendations - into the way mortgage brokers are remunerated.

With over 59% of all home loans in Australia underwritten by mortgage brokers, the findings from Commissioner Hayne’s report would see a significant shake-up to the way borrowers access mortgage lending. In the midst of all the media hype around the report, Mortgage Express would like to remind its customers that the service we provide to you, our valued customers, has not changed.

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Topics: Home Loan Advice, Australia Mortgage Broker, Royal Commission Report Australia, Broker Behind You

Rental Property Renovation: 3 Questions to Ask Yourself First

Feb 20, 2019 8:48:49 AM

Renovating a rental property can be a costly exercise but making improvements to the property can yield a healthy return. To ensure you’re maximizing your investment, it’s important not to overcapitalize, to stick to your budget, and to use durable products and materials. If you are considering renovating your rental property, ask yourself these 3 questions first.

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Topics: Property Investment, Rental Property, Investment Opportunity, Home Renovations, Property Manager, Home Loan Advice, Australia Mortgage Broker, Rental Property Renovations