You may have recently bought an old home and thought to yourself, “I could live here for a while”, or it could be that you’ve owned your home for the last 10-15 years and it’s looking a little bit tired. Whatever the case may be, you’re...
When you first decide to enlist the services of a broker, there are some things that you should look out for. Choosing a broker could potentially save you a lot of money and help you get the best possible deal for your mortgage. Most people...
If you’ve been following the news lately then you would have seen some articles about banks cracking down on interest only loans. An interest only loan is a mortgage that allows a borrower to only pay the interest on their loan for a period of time before...
When you don’t meet traditional lending criteria you may think that you don’t have a chance of getting a loan but that’s not the case at all. Just because you’re self employed or have started a new job doesn’t mean you won’t quality for finance....
This week the Sydney Morning Herald reported that Commonwealth Bank would be tightening their lending restrictions again. Up until now, home buyers have been able to take out interest only loans. On the surface they can look pretty good because you only need to pay the...
You may have read on loan application forms that it’s important to completely disclose your financial situation. It’s possible that you’ve dismissed it as well and thought that telling a couple of white lies won’t hurt, but it actually can. In the best case scenario you’ll...
When you think of comparison rates, you probably think of all interest rates that are available on the market, but were you aware that some interest rates are not actually comparison rates? If you weren’t then we’re here to help you out and give you...
There are two types of home buyers. There are the cautious ones who would prefer to make decisions that are on the safe side of the spectrum and others who are happy to take risks. The former are the types who would make extra mortgage...
If you’re trying to buy your first property in Sydney or Melbourne, you may feel quite discouraged when you think about the fact that you’ll need a 20% deposit. In both cities, if you want to buy close to the centre of the city, that...
People refinance their debts for all kinds of reasons, but is refinancing right for you? It’s really important to draw up a budget before you consider refinancing. You may find that cutting back on your un-necessary expenditure will save the need to refinance. For some who...