Understanding Your Home Loan

Apr 19, 2022 8:59:47 PM

There’s a lot to think about when buying a home. From saving a deposit, to getting pre-approval, house hunting to sale and purchase agreements, building inspections through to settlement. But one of the most important parts of buying a home is choosing the right home loan. With so many products and features available to you, how do you choose a home loan that’s right for you? To help you get started, we’ve outlined a list of home loan products along with their key features and what to look out for.


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Topics: Mortgage Broker, First Home Buyer, Home Loans

What it Costs to Move Home

Nov 10, 2021 10:14:41 AM

There’s a lot to think to about when it comes to moving home. And no matter how far you’re going or the type of home you’re moving into, moving house is undoubtedly one of life’s most stressful times. Much of that stress revolves around how much it costs to move home, which is why planning a budget could help you determine where you could save and provide a realistic overview of much you’re going to need to spend. Here are some of the costs to consider when moving home.


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Topics: Mortgage Broker, First Home Buyer, Home Loans

All You Need to Know About Bank Valuations

Oct 22, 2021 1:18:31 PM

Buying a home in Australia? Your lender will likely require a bank valuation to calculate the loan to value ratio (LVR) of your home loan. Bank valuations help lenders weigh up the risk of lending. A higher LVR means more risk for the lender, which could impact the amount you may be able to borrow. In this article, we’ll take a look at some of the factors making up a bank valuation, as well as the impact they can have on your borrowing capacity.


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Topics: Mortgage Broker, First Home Buyer, Home Loans

Are You Being Penalized For Sticking With Your Lender?

Oct 14, 2021 4:11:05 PM

From electricity bills to phone plans, car insurance through to home loans, sticking with the same provider year after year could mean you’re paying “lazy tax”. Lazy tax is the penalty many consumers and homeowners are paying as a result of being complacent, not shopping around for the best interest rates, and failing to refinance when rates work in their favour. If this sounds like you, here are two ways to avoid paying lazy tax.


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Topics: Investment Property, Mortgage Broker, First Home Buyer, Home Loans

Getting a Home Loan With a Baby on the way

Sep 23, 2021 4:20:49 PM

When you’re starting a family – or growing your family – the last thing you want to worry about is getting approved for a mortgage. But if you’re pregnant or a new parent taking parental leave, you’ll likely be on minimal or no income for a while, and that could impact your ability to get home loan approval. If you are considering applying for a mortgage while on parental leave or with a new baby on the way, in this article we’ll hopefully cover some of the concerns you might have.


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Topics: First Home Buyer, Refinancing, Home Loan Rates

How a Redraw Facility Works

Jul 21, 2021 2:51:07 PM

Getting a home loan with a redraw facility is a useful and flexible financial tool. Any extra funds you pay into your home loan, can be withdrawn when needed, to cover emergencies or pay for unplanned expenses. At the same time, those extra funds save you money too, as any extra repayments on your loan also lower how much interest you’re charged. To find out if a redraw would suit your home loan, here’s more on how a redraw facility works.


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Topics: Mortgage Broker, First Home Buyer, Home Loans

5 Things to Consider When Buying Your First Home

Jul 20, 2021 3:14:59 PM

Buying a first home is a significant milestone that takes commitment to saving, careful decision making, and considered planning. The biggest hurdle for most first home buyers? Saving a deposit. Depending on where you are in Australia, it can take as long as eight years to save enough, all the while chasing down rising house prices which means having to save even more! If you are ready to buy your first home, here are a few things to consider.


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Topics: Mortgage Broker, First Home Buyer, Home Loans

Parental Support – Borrowing Power

Jun 8, 2021 3:03:58 PM

Many people believe that low income earners – and those who rely on government benefits – are not eligible for home loans. But that’s not always the case. If your household income is supported by Family Tax Benefits (FTB) from Centrelink, the good news is, there are still lenders who will consider this type of home loan application.

The key to success is working with a mortgage broker who understands which lenders to approach. Read on to find out what you need to know about using non-standard income to access home loan lending.


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Topics: Mortgage Broker, First Home Buyer, Home Loan Rates

Stamp Duty Concessions Could Ignite the Home Market

Feb 10, 2021 12:06:44 PM

Stamp duty has long been considered one of the biggest financial hurdles for home buyers in Australia’s property market. Now, some State Governments are working hard to remove that financial barrier, and give buyers more freedom to make property purchase decisions based on their current needs and lifestyle choices. Read on to find out what the removal of stamp duty could mean for you.


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Topics: Selling, First Home Buyer, Home Loans

First Home Buyers Dominate The Property Market

Jan 24, 2021 2:49:00 PM

Buying a first home has been progressively harder over the years, largely due to rising house prices and lower affordability. But 2020 changed all of that. Buoyed by historic low interest rates, a lack of investors in market, and significant government incentives, first home buyers look set to dominate the property market in 2021.


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Topics: Selling, First Home Buyer, Home Loans