Loans and Mortgages

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DO YOU NEED TO REFINANCE YOUR INTEREST-ONLY HOME LOAN?

According to a recent news report, more than 900,000 interest only (IO) home loans will come up for refinance during the first quarter of 2019. This kind of loan is very popular with property investors, however, the recent tightening of lending conditions in this area of the market may make it difficult for some [...]

By |2019-02-28T12:42:49+10:00February 28th, 2019|Home Loans, Loans and Mortgages, Refinancing|Comments Off on DO YOU NEED TO REFINANCE YOUR INTEREST-ONLY HOME LOAN?

WHEN TO LEAVE YOUR LENDER

Valentine’s Day makes us think about loyalty – which is an admirable quality in any relationship. But is your devotion to your home loan provider justified?  It’s important to ask your mortgage broker to help you review your home loan from time to time. We’re here to check the interest rate, review [...]

By |2019-02-14T11:28:49+10:00February 14th, 2019|Home Loans, Loans and Mortgages, Tips & Guides|Comments Off on WHEN TO LEAVE YOUR LENDER

RBA RATE RISE: HOW WOULD IT AFFECT YOU?

It’s been nearly eight years since the Reserve Bank of Australia (RBA) last raised the country’s official cash rate. Interest rates have been at historical lows for quite some time and as a homeowner, you may never have experienced an “official” rise in interest rates. At present, interest rates remain low and [...]

By |2019-01-17T11:04:47+10:00January 17th, 2019|Home Loans, Interest Rates, Loans and Mortgages, Tax|Comments Off on RBA RATE RISE: HOW WOULD IT AFFECT YOU?

FOUR IMPORTANT PROPERTY INVESTMENT FINANCE TIPS

Since the lenders cracked down on popular options like interest-only loans, finding creative finance strategies for growing your property investment portfolio has become more important than ever. As an investor, how you set up your finances can have a huge impact on the success of your property portfolio. In this article, we [...]

By |2018-10-18T14:53:58+10:00October 18th, 2018|Loans and Mortgages, Property Investment, Real Estate and Properties, Tips, Tips & Guides|Comments Off on FOUR IMPORTANT PROPERTY INVESTMENT FINANCE TIPS

LOAN PRE-APPROVAL: WHY IS IT SO IMPORTANT?

Pre-approval is a green light from a lender. Put simply, it confirms you’re eligible to apply for a home loan up to a certain amount. Essentially, the lender checks your financial circumstances, to decide if you’ll meet their criteria and can afford to repay a mortgage. A home loan pre-approval usually lasts [...]

By |2018-09-20T12:30:40+10:00September 20th, 2018|Home Loans, Investment Loans, Loans and Mortgages|Comments Off on LOAN PRE-APPROVAL: WHY IS IT SO IMPORTANT?

HOW TO: KEEP YOUR CREDIT REPORT CLEAN

Your credit report paints a picture of your life as a responsible bill payer and borrower. Under the new Comprehensive Credit Reporting (CCR) regime introduced this year, it has increased in importance because lenders will be required to take it into consideration when approving your home loan. That’s why it’s a good idea [...]

By |2018-08-30T11:36:30+10:00August 30th, 2018|Credit Reporting, Loans and Mortgages, Tips & Guides|Comments Off on HOW TO: KEEP YOUR CREDIT REPORT CLEAN

CREDIT REPORTING: HOW THE CHANGES AFFECT YOU

This month, we saw important changes come into effect that could impact your ability to take out a home loan – or make it easier, depending on your credit history. In this article, we explain the new credit reporting changes and how they may affect you. But first, let’s start with the basics – [...]

By |2018-08-02T11:41:45+10:00August 2nd, 2018|Credit Reporting, Loans and Mortgages, Tips & Guides|Comments Off on CREDIT REPORTING: HOW THE CHANGES AFFECT YOU

RIGHT TIME TO REFINANCE AN INVESTMENT PROPERTY

When is the Right Time to Refinance an Investment Property? Loan refinancing is a strategy used by property investors to access funds - usually to grow or improve the value of their property portfolio. The right time to do it largely depends on your strategy, plans and equity. In this article, we [...]

By |2019-01-17T14:05:07+10:00June 21st, 2018|Loans and Mortgages, Property Investment, Real Estate and Properties, Refinancing|Comments Off on RIGHT TIME TO REFINANCE AN INVESTMENT PROPERTY

CAN A BOARDER HELP PAY YOUR MORTGAGE?

Are you thinking about buying a home and wondering how you’ll cover the mortgage repayments and still have a life? Remember Cousin Jimmy mentioning he was looking for a new pad? Sure, he’s a little ‘unusual’ with his back-scratcher collection and all, but if living with his bizarre hand gadgets means you’ll score [...]

By |2018-05-17T11:26:14+10:00May 17th, 2018|Home Loans, Loans and Mortgages, Tips & Guides|Comments Off on CAN A BOARDER HELP PAY YOUR MORTGAGE?

FIXED INTEREST VS VARIABLE HOME LOANS IN 2018

If you’re buying a property or considering refinancing your home loan in 2018, you may be asking yourself whether to fix your interest rate or not. Many people think about switching to a fixed interest rate mortgage when interest rates are low, in the belief that it will insulate them from future interest [...]

By |2018-03-27T15:38:08+10:00March 27th, 2018|Home Loans, Loans and Mortgages|Comments Off on FIXED INTEREST VS VARIABLE HOME LOANS IN 2018