Category: Home Loans

Being your own boss has plenty of perks – but when it comes to getting approved for a home loan, things can feel a little more complicated. Unlike traditional employees, self-employed Aussies don’t always have the luxury of a regular paycheck or neatly packaged payslips. Instead, you’re juggling invoices, tax returns, business expenses – and

Saving for a home deposit can feel like an uphill battle, especially with property prices climbing. Traditional advice has always been to save at least 20% of the purchase price before buying. But with median property prices in every capital city now over $500,000, a 20% deposit means saving at least $100K—no easy feat for

One of the most common property investment strategies in Australia is positive gearing. A positively geared investment property or property makes more money in rent than it costs to maintain, resulting in positive cash flow. Unlike negative gearing, which relies on long-term capital growth and tax benefits, positive gearing puts money in your pocket from

Taking out a home loan is a substantial financial commitment, so most people want to find ways to pay it off faster and reduce the interest they owe. Two popular features that can help are offset accounts and redraw facilities. At first glance, they seem similar, but they work in different ways. The right choice

The three main types of home loans you can choose from when buying a home are fixed-rate, variable rate and split-rate loans. Each comes with its own pros and cons, and the choice you make can have a significant impact on your financial future. Fixed-rate mortgage loans give you stable repayments, while variable loans offer

Introduction Your mortgage could be the biggest financial commitment you ever make. With loan terms lasting up to 25 or 30 years, finding the right mortgage will greatly impact your financial situation. So, where do you start? Should you stick with your trusted bank and let them guide you, or turn to a mortgage broker

Want to understand bridging loans for your specific buying scenario? Check out the top results for Sydney mortgage brokers and Melbourne mortgage brokers to find the best advice. Best of all, it won’t cost you anything. In the meantime, this article will cover everything you need to know about bridging loans. Buying a new home

Ever wondered how much a bank will lend you to buy your dream home? The quickest way to find out is by getting mortgage pre-approval. Pre-approval gives you a clear idea of how much money you can borrow, so you know the type of home you can afford to buy. This article will guide you

Navigating through the process of discharging a home loan in Australia is an essential part of the journey for homeowners and potential homebuyers. Understanding this process is critical, whether you are considering selling your property, refinancing your loan, or concluding your mortgage. This comprehensive guide aims to demystify the process, highlighting key steps and the

Navigating the Australian housing market, particularly when it comes to financing, can be a complex process. A guarantor home loan emerges as a pivotal option, especially for those facing initial financial hurdles or those with insufficient credit histories. This guide aims to provide a comprehensive understanding of guarantor loan requirements in Australia, offering essential insights

For homeowners across the diverse and dynamic landscapes of Australia, transforming their residences into spaces that echo their aspirations is a common dream. Refinancing for renovations stands as a gateway to achieving this, offering a well-paved path for those looking to revamp and revitalise their homes. This piece ventures deeper, unravelling the complexities and nuances

Have you ever wondered if there’s a way to reduce your home loan interest charges while having access to extra funds? Look no further! The answer lies in understanding the upside and downside of redraws and offsets. With the right strategy, you can save money on interest and pay off your home loan sooner. Besides

As financial experts and mortgage brokers, we have come across many home loan products that are designed to cater to the unique needs of home buyers. One such product that has gained popularity in recent years is the split rate home loan. In this article, we will provide a comprehensive guide on split loans, outlining

Porting or refinancing a mortgage allows homeowners like you to take control of your property goals. This can help you get better value for your money while making the most of the chance to live in your dream home, especially with the help of your local mortgage broker or financial advisor. You can plan to

When it comes to choosing a home loan, it’s important that you understand your options. One of the most important decisions you will make is deciding on a fixed rate vs variable rate home loan. Whether you choose a fixed rate loan or a variable rate home loan, each option provides its own benefits that

When buying a property, it’s important that you understand what lenders mortgage insurance is and how it could alter your purchase cost and process.  Affecting your loan fees, lenders mortgage insurance can make a big difference in your buying journey. It can influence your loan amount and even play a deciding role in helping you determine the

Table of Contents What is an offset account, How will this help my financial circumstances? One of the most important decisions you need to make after you have a pre approval for your loan from your bank, is whether you should have an offset account attached to your home loan. This is one of the

It is an exciting prospect to buy a property, until you realise how complicated the mortgage pre-approval process can be. You need to do a lot of research to make sure that you’re making the right decision, and taking on the right home loan / mortgage. We would recommend that doing your research around the