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 […]
4 Things to Do to Improve Your Credit Score
If you’re setting the goal of purchasing a home in the coming year, it might be time to start getting your financials in order ahead of time. One of the most important and often overlooked steps is to make sure you have a solid credit score. A credit score is a number that represents […]
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. […]
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 […]
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 Boost Your Borrowing Capacity
If you’re in the market for a property, it’s vital that you maximise your borrowing capacity in the eyes of a lender. Fortunately, there are some quick and easy ways you can do that: Remove any unused credit cards. Lenders assess your overall credit card limit as if it is maxed out. If you’re […]
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 regularly refinance […]
How You Can Manage Your Debt to Buy a Home
By Elena Stewart on behalf of IAMXO Ideally, you want to buy a home without any substantial debt following you around. But for many people, that’s not a reality. Consumer debt, student loans, car loans, and other types of debt can easily add up to a big number. But don’t worry—you don’t […]