How To Reduce Lenders Mortgage Insurance
Lenders Mortgage Insurance can be a great tool to help homebuyers get into a property that they otherwise might not be able to afford. However, it comes with a cost. LMI is a one-off insurance premium that is put in place to protect the lender in the event the borrower is unable to manage […]
How does a bank valuation impact borrowing?
When you purchase a property with finance, the lender will typically order a bank valuation to help them ascertain the loan to value ratio (LVR) of your home loan. For new home buyers, this might be something that you’ve never thought about before, but the outcome of the bank valuation could have big implications for […]
Maximise your borrowing capacity with Sana
With house prices drifting higher to start the new year, trying to afford your dream home is getting harder. Fortunately, there are a number of things you can do to maximise your borrowing capacity without needing to increase your income. Start budgeting When lenders assess your borrowing capacity, they look closely at […]
Sana’s advantages of rentvesting in 2022
With house prices seeing record gains in 2021, getting into a home can be difficult – especially if you live in a city like Sydney, Melbourne, or Canberra where the median house price is above $1 million. However, if you want to find a way into the property market, for many people rentvesting can […]
House prices to increase in 2022
After a stellar 12 months where property prices rose 22.1 per cent across the country, the momentum is expected to continue into 2022. The latest PropTrack Property Market Outlook 2022 from REA notes that some capital cities could see growth as high as 12 per cent, giving homeowners more gains to look forward to. […]