Ahead of the Federal Election earlier this year, Prime Minister Scott Morrison pledged government’s support to help first home buyers buy their own home with just a 5 per cent deposit. The First Home Loan Deposit scheme kicks off on 1 January 2020 offering up to 10,000 first home buyers each year the chance to buy a home. Will you qualify and what can you actually buy under the scheme?
Topics: Home Ownership, first home buyer, Financial Advice, Home Loan Advice, Home Loan Application, First Home Loan Deposit Scheme
Smoke and ash from ongoing bush fires across several states in Australia has reduced air quality and caused breathing difficulties and health concerns for many Australians living in metro, suburban, regional and rural areas. Bush fire smoke can travel hundreds of kilometres and poses a range of health issues including lung and heart conditions. Reduce your chances of being affected by smoke and ash with these tips:
Topics: Home Loan Advice, Australia Mortgage Broker, Home Insurance, Home and Contents Insurance
Refinancing your mortgage could help you secure better interest rates, reduce the term of your loan, and even strengthen your overall financial position. Deciding when to refinance depends on several factors and there are many instances where property owners refinance for reasons other than just the interest rate. Take a look at when you could consider refinancing your mortgage.
Topics: Refinancing Options, Home Ownership, refinancing, Financial Advice, Home Loan Advice, Home Loan Application
For many people, owning a home in Australia is the ultimate Aussie dream. And that dream is no different for new migrants making Australia their home. When it comes to buying a house in Australia as a migrant though, there are a few rules you need to know about to pave the way to home ownership. Read on to find out what your options are as a migrant on a temporary visa or as a permanent resident buying property in Australia.
Topics: Migrant Mortgage Advisers, Home Ownership, Financial Advice, Home Loan Advice, Home Loan Application
Does earning reward points or frequent flyer miles while you pay off your mortgage sound too good to be true? It’s not as crazy as it sounds: in a bid to snag more business, some home loan lenders offer borrowers the chance to earn reward points or frequent flyer miles on their home loan balance. Read on to find out more about home loans with reward schemes.
Topics: Refinancing Options, Home loan rates, Financial Advice, Home Loan Advice, refixing, Australia Mortgage Broker, Home Loan Application
If your fixed rate loan term is nearing its end, there’s never been a better time to review your mortgage. With interest rates at historic lows, you’ll need to decide whether to roll again for another fixed term or take advantage of cheaper variable rates and pay down some serious debt. Be aware though, if you do nothing, lenders may simply put you onto their most expensive variable rates, so it’s vital you take some action. Here are your options:
Topics: Refinancing Options, Variable versus Fixed, Variable Interest Rate, Fixed Interest Rate, Financial Advice, refixing, Australia Mortgage Broker
Planning a summer break this holiday and heading to the beach, the mountains or overseas?
Empty houses are an easy target for burglars so it pays to be a little more cautious to ensure the security of your home and save you unnecessary stress while you’re away. Stop unwelcome visitors in their tracks and keep your home safe this holiday with these handy tips.
Topics: Financial Advice, Australia Mortgage Broker, Life Insurance, Insurance advice, Home and Contents Insurance, Vehicle Insurance
How often have you headed off on a holiday only to return feeling sick and germ-infested? You’re not alone. When you consider the combination of different foods and drink, lack of sleep, sun exposure, contact with crowds of people, and new environments, it’s not surprising so many people fall ill on their return from a holiday. To help you stay healthy on your next holiday, here are a few simple tips to follow.
Topics: Refinancing Options, Home Equity Loans, refinancing, Financial Advice, Australia Mortgage Broker
Getting a home loan pre-approval puts you in the best position if you’re planning to buy property. What’s more, a pre-approval is essential if you’re bidding for property in an auction. While a home loan pre-approval may be conditional, it gives you a relatively secure assurance of the amount a lender is willing to loan you and how much your repayments will be. Here are 3 things you need to know about home loan pre-approvals.
Topics: Pre-approvals, Financial Advice, Home Loan Advice, Mortgage Advice, Buying property in Australia, Australia Mortgage Broker, Home loan pre-approval
In December 2015, the Australian Government introduced legislation that changed the way non-residents buy property in Australia. Under the new laws, foreign investors are limited in the types of property they can purchase and must first apply for approval to purchase from the Foreign Investment Review Board (FIRB). While it is much harder for non-residents to buy property in Australia, it’s not impossible.
Topics: Financial Advice, Home Loan Advice, Mortgage Advice, Buying property in Australia, Non-resident buyers, Australia Mortgage Broker, Non-resident lending
