Category: Guide

How Do You Choose a Mortgage Lender?

Posted by on 8 May 2019

Key Points Before you choose a lender, determine what you need from a home loan. Loans from big banks often come with brand name recognition, but that doesn’t mean they always offer the best value. Comparing lenders gives you the best chance at finding a home loan that will fit your borrowing needs. Compare Rates […]

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Your Guide to No Deposit Home Loans

Posted by on 24 April 2019

Key Points No deposit home loans are rare and can be difficult to get. You will need to have excellent credit, a good borrowing history, and regular income if you want a no deposit home loan. There are certain strategies you can take – such as obtaining a guarantor or using a First Time Home […]

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5 Benefits of refinancing: Is it for you?

Posted by on 12 April 2019

Key Points Refinancing is switching to a different home loan. It is usually done to save the borrower money. There are a number of benefits to refinancing, including locking in a lower interest rate, having better home loan features, or an adjusted home loan term. Refinancing can be a good option for anyone who wants […]

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How Do You Choose a Mortgage Lender?

Posted by on 19 February 2019

How do you choose a mortgage lender? First, you’ll need to take a look at what you want in a home loan. Ahead, we’ll give you tips on choosing a lender, as well as answer some common questions that arise during the borrowing process. Key Points Before you choose a lender, determine what you need […]

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Buying Your First Home: Everything You Need to Know

Posted by on 19 February 2019

Key Points Save up a deposit before shopping for homes and loans: ideally 20% of your intended purchase price. Consider your lifestyle and repayment method when finding a loan that’s best for you There are several government-run programs that assist first-time buyers in paying for their new home. Compare Rates   Are you on the […]

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Buying a fixer-upper first home: is it a smart move?

Posted by on 19 February 2019

Key Points A fixer-upper can be a smart buy, because it can get you into a desirable location for a bargain price. When shopping for a fixer-upper, be wary of cracks in the foundation, sagging ceilings, and water damage as these could be indicators of larger, more expensive problems Fixer-upper home loan types include construction, […]

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5 Reasons why refinancing could be the smartest option for Aussies

Posted by on 26 October 2016

In my many years of mortgage broking, I’ve never seen an easier way to save money than loan refinancing. If you’ve ever considered refinancing your home loan, now is the time to act before interest rates start climbing back up. Although most Aussie homeowners are motivated by lower interest rates, I could tell you a […]

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How to Choose an Independent Lender for Your Home Loan

Posted by on 21 September 2016

When choosing a home loan, Australians are shopping around more than ever. Low interest rates have opened up the market for independent lenders, and this increased competition is good news for prospective homeowners. Most Australians are familiar with big-name banks, but may not recognise many of the smaller brands now on the mortgage scene. When […]

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A Guide To Home Loans In Australia

Posted by on 20 January 2014

A home loan is also known as a mortgage and this type of loan is basically a long-term investment used for the purpose of residential real estate. Generally, home loans in Australia will be for a large amount of money, but these funds will be manageable to be repaid through fortnightly or monthly instalments. With flexibility to decide the length of the home loan, you are able to conveniently stay on top of your finances while ensuring that payments are made on time. Prior to entering a contract for a home loan, it is essential to take stock of everything that must be taken into consideration, including interest options, terms, rates and budgets.

Image by gill_penney.

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Comparing Home Loans: Things To Keep In Mind

Posted by on 9 January 2014

Investing in a new home or property will mean that you want to pay the lowest price achievable. However, even if you manage to secure a great price, you may not have the funds to immediately purchase in a property. When this happens, a home loan will be necessary.

Aside from being adapted for the payments associated with a home purchase, these loans can also be employed even after moving into a property. Renovations, refinancing, share purchases and business expenses are just some of the ways in which a home loan can be used. Although home loans are considerably fruitful for a multitude of reasons, any person seeking out this form of money management will need to outline the contract details, the cost, any additional options and also, learn how to compare the entire market.

Image by PinkMoose.
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