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 […]
5 Ways to Pay Off Your Mortgage Sooner
When buying a home, to live in or as an investment, most people will have the goal of eventually paying it off. A 30-year loan might seem like a long time to be making repayments, but you won’t be stuck paying interest if you’re able to pay it off sooner. Here are five […]
5 Ways to Save Money on Your Home Loan
One of the most common new year’s resolutions is to try and save money. One of the easiest ways to save money is to take a look at your home loan and find some creative ways to cut down on your repayments. Fortunately, there are a number of different things you can do with your […]
To Rent or Buy?
Owning your own property is normally very high up on the list of things people want to achieve in their life. However, depending on your financial goals and what stage of life you’re at, what you hope to achieve with property will likely differ quite considerably. For first home buyers, the biggest question is […]
Upfront Costs New Homebuyers Forget
Buying a home is typically the most expensive purchase you’re ever going to make. The thing that makes property a powerful investment is that you can borrow a large portion of that cost from a bank. However, there are still a number of other costs that homebuyers need to be aware of before they start […]
Why do people refinance?
In years gone by, homebuyers would stick with the same bank for the life of their home loan. While this might be an easier option, you will likely end up paying far more in interest than you otherwise would, if you found a more competitive interest rate. There are many reasons that people […]
How Much Can I Borrow with a Guarantor?
As house prices continue to rise across the country, getting into a new home can be tricky for first home buyers. Fortunately, if you’re able to get the help of a guarantor, it might mean you can get into a home of your own sooner rather than later. A guarantor is normally a close […]
How to fast-track your home loan application
One of the biggest mistakes new home buyers make is not having their finances organised prior to starting their search for a property. Many people assume that if one has a good income, a home loan is simple to get. Unfortunately, there are a number of steps in the process, and it often takes […]
4 options to get on the property ladder sooner
While it would be nice if we could all go out and buy our dream home today, the reality is that it usually takes time to achieve our goals. The good thing is that even if you can’t quite afford your dream home right now, there are still other options to get onto the property […]