Fixed, Variable and Split loans: What’s Right For You?

Mar 9, 2020 7:59:00 AM

There’s no better time than right now to review your home loan structure and mortgage interest rates. Time to tidy up those external debts, refinance to a better interest rate, or refinance to release equity to fund that new car, boat or investment property. If you’re not sure what repayment structure works best for you, here’s a guide to understanding the different types of loans.


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Topics: Mortgage Broker, Home Loan Rates, Buying and Selling Property, Home Loans

Is Your Lender Charging You Loyalty Tax?

Mar 5, 2020 8:02:38 AM

Your “set and forget” mindset could be costing you. As much as 4%, say the experts. That’s the amount of extra interest some homeowners are paying each year in “Loyalty Tax”. If you haven’t reviewed your mortgage recently, you could be doing the same. Read on to find out why it’s imperative you review your mortgage regularly and avoid paying “Loyalty Tax”.


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Topics: Financial Health, Refinancing, Home Loan Rates, Home Loans

First Home Owners Deposit Scheme – All You Need to Know

Jan 13, 2020 7:39:00 AM

On 1 January 2020, the Australian Government’s First Home Owners Deposit Scheme kicked off and already hundreds of Aussies have signed up to the scheme. Aimed at supporting eligible first home buyers purchase a home sooner, the scheme allows first home buyers to put down just five per cent deposit, with the National Housing Finance and Investment Corporation (NHFIC) guaranteeing the rest of what would normally be a 20 per cent deposit. Here’s all you need to know.


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

How to Buy a House in Australia as a Migrant

Dec 6, 2019 12:32:18 PM

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.


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Topics: Mortgage Broker, Home Loan Rates, Buying and Selling Property, Home Loans

Home Loans With Reward Schemes

Nov 16, 2019 10:09:00 AM

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.


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Topics: Refinancing, Home Loan Rates, Buying and Selling Property

What to do if Your Fixed Rate Loan Term is Nearing Its End

Nov 14, 2019 6:15:00 AM

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:


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Topics: Refinancing, Home Loan Rates, Buying and Selling Property

Can Non-Residents Buy Property in Australia?

Oct 17, 2019 10:03:15 AM

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.


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Topics: Mortgage Broker, Home Loan Rates, Buying and Selling Property

What to do if Your Property Valuation is Too Low

Sep 16, 2019 1:37:06 PM

While a property valuation is often an essential step in the home buying process, in recent months home buyers across Australia have been left feeling frustrated and disappointed with the valuation process. Lower than expected property valuations have resulted in home buyers having to pay LMI or even lose the property if they can’t cover the shortfall. Here’s what you need to know about property valuations.


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Topics: Refinancing, Home Loan Rates, Buying and Selling Property

What an Open Banking Regime Means For You

Jul 10, 2019 8:48:57 AM

On 1 July 2019, the open banking regime officially began, with the four major banks now offering data on a variety of products as part of the regime’s roll-out. Over the next two years, a phased implementation of open banking will be carried out, not only taking the friction out of banking, according to experts, but also leading to the rise of a whole new class of products and services in the financial sector. So, what changes can you expect?


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Topics: Financial Health, Home Loan Rates, Home Loans

5 Mortgage Mistakes to Avoid

Jun 24, 2019 9:29:16 AM

Whether you’re a first home buyer or a seasoned investor, making a bad decision on your mortgage could end up costing you in both time and money. When it comes to a mortgage, what you don’t know CAN in fact hurt you! Knowing what pitfalls to avoid will help you make better decisions. Here are 5 mortgage mistakes to avoid.


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Topics: Property Investment, Home Loan Rates, Buying and Selling Property