When you take out a loan, you will (hopefully) have a plan in place for how you’ll pay it off. But life doesn’t always go according to plan—you might lose your job, or have to take extended time off due to illness. This can put a spanner in the works and affect your ability to…
Undoubtedly, home buyers want to get the best mortgage rates, yet there’s also hesitancy around refinancing. Some people think it’s going to be a complicated and drawn out process, with the work needing to be done outweighing the benefits. After all, there were enough forms to fill out and terms and conditions to study the…
If you’re experiencing mortgage stress, you’re certainly not alone. Around 17% of Australians currently have to spend 30% or more of their income to pay off their mortgage. It’s a less than desirable category to be in, so finding a better home loan rate is crucial to avoiding mortgage stress. However a recent survey of…
For both buyers and sellers, an auction can be a stressful occasion. It can move so quickly that you don’t fully register what is happening until afterwards. For potential buyers, this can mean getting swept up in the drama and bidding more than you can afford. To stay grounded on the day, there are several…
If you haven’t worked with a mortgage broker, you might be unsure how they can help you, what the process is, and perhaps even what they actually do. Mortgage brokers are experts in the lending market, spending their time researching and comparing rates so they’ll know which lender is the right match for you (including…
When it comes to renovating your home, you might already have lots of ideas about what changes you want to make. But knowing who your target buyer is should be at the forefront of your mind if you’re renovating for profit. After all, a dark colour scheme in the bathroom may seem luxurious to you,…
Everyone wants to pay off their mortgage as quickly as possible. Refinancing your loan gives you the opportunity to take advantage of competitive rates and secure a better deal than what you previously had. However, common misconceptions can stop people from refinancing. To make refinancing clear and easy for you, we’ve dispelled these common myths…
The time between making the decision to buy a home and the turning of the key in your new front door can feel like a long stretch, but there are steps you can take right now to put yourself in a strong position when it comes to buying. By consulting with a mortgage broker early…
With interest rates remaining low, in the light of yet another announcement of ‘hold’ from the Reserve Bank, now remains a great time to take advantage of low interest rates. Low interest rates typically signal an opportune time to buy property, but you can capitalise on them even if you’re not in the market for…
If you’re thinking about applying for a home loan, it’s important to gain an understanding of what the banks and lenders look for in the approval process. The lender will assess your financial position and ability to service the loan, and based on the level of risk that you impose to them, will make a…