How a Redraw Facility Works

Jul 21, 2021 12:51:07 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 Any extra funds you pay into your home loan, can be withdrawn when needed, to cover emergencies or pay for unplanned expenses.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 1:14:59 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 1:03:58 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 9:06:44 AM

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 11:49:00 AM

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

Are You Saving More and Spending Less?

Jan 23, 2021 11:14:17 AM

2020 was a curve-ball year like no other! Not only did COVID-19 change the way we socialize, work and learn, interestingly, it also changed the way we spend and save. A surprising outcome of the pandemic year is the growing number of Australians who are saving more and spending less. Did you notice a change in your spending and saving habits too?


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Topics: Selling, First Home Buyer, Home Loans

Property Market Predictions For 2021

Jan 22, 2021 11:52:15 AM

After working through a pandemic year and Australia’s first recession in 30 years, many Australians are wondering what lies ahead in 2021. What is the forecast for Australia’s property market? Will real estate prices continue to rise? We asked some of our mortgage brokers for their predictions for Australia’s property market in 2021. Here’s what they think.


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Topics: Selling, First Home Buyer, Home Loans

Is Now a Good Time To Fix Your Home Loan?

Jan 22, 2021 11:02:38 AM

In its December 2020 meeting, the Reserve Bank of Australia left its cash rate unchanged at a record low 0.1 per cent. While that’s bad news for your savings account, it’s good news if you’re a homeowner. The big question now is whether to lock in your home loan repayments by switching to a fixed rate mortgage. Before you decide, here are some important things to consider.


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Topics: Selling, First Home Buyer, Home Loans

Why Interest Rates Matter

Dec 8, 2020 7:00:00 AM

Fixed interest rates have continued to drop this year with some now close to the 2% mark or lower, while variable interest rates have tracked further downwards too albeit at a slower pace. Earlier in November 2020, the Reserve Bank of Australia dropped the cash rate to a new record low, and the Reserve Bank governor urged borrowers to renegotiate or switch lenders if they don’t get a rate cut. Read on to find out why interest rates matter.


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Topics: Selling, First Home Buyer, Home Loans

Benefits for First Home Buyers

Dec 7, 2020 12:31:56 PM

For many Australian first home buyers, 2020 has been a year of opportunity. According to the Australian Bureau of Statistics (ABS), around 13,040 first-home buyer loans were approved across Australia in September alone, largely as a result of record low interest rates, backed by several government initiatives. If you’re in the market for the first time, here’s a closer look at what benefits you may be eligible for.


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Topics: Selling, First Home Buyer, Home Loans