For the thousands of Aussies looking for a new home loan, there has never been more choice. But with all the different types of home loans available, how can you determine which one best suits your financial situation? When you take out a home loan, most providers will give you a choice between a fixed,… Read more »
An offset account is a widely sought after feature of home loans in Australia. But what is it? How does it work? And is it really worth paying extra for? What is an offset account? An offset account is a transaction account linked to your home loan. Instead of paying interest, the balance is ‘offset’… Read more »
Don’t underestimate the impact of psychology on a property’s sale price. After all, for many, buying a home is much more of a psychological decision than a logical one. With the real estate market undergoing an unexpected boom, more property owners are considering selling up. Whether it’s to claim capital gains accumulated over the years,… Read more »
Whether you’re guilty of applying for too many loans or simply taking on more than you can handle, it’s all too easy to make some fundamental home loan mistakes. Getting a home loan can be easy. But it can also be easy to muck it up by making rookie mistakes. Here are some of the… Read more »
The home loan application process can be long and complicated, especially for first home buyers. Fortunately, there are ways to make it easier. With so many steps involved, people often don’t know where to start when applying for a mortgage. In order to help streamline the process, here are four things you should keep in… Read more »
The home loan war between financiers is really hotting up. In a bid to win over new customers, lenders are offering up to $5,000 cashback on home loans with rates under 2 per cent. New analysis by financial research group RateCity shows there are 25 lenders offering cashback deals. In addition to the cashback on… Read more »
Bamboozled by all the mortgage jargon in your home loan contract? Fear not. We’ve got you sorted with our A-Z of mortgage-speak. Is there anything worse than trying to get your finances sorted but stumbling over all the mortgage jargon that flows effortlessly off the lender’s tongue? Chattels, what now? And what on earth is… Read more »
As property prices rise, don’t forget to negotiate your interest rate on your home loan. For years I’ve been encouraging Aussies with a home loan to ring your bank and negotiate your interest rate. So many wait for the RBA to cut official interest rates to save on their home loan when the reality is… Read more »
When you buy a home it’s crucial to do whatever’s possible to protect your property. There are both physical and financial steps to take to ensure you’re safeguarding your investment. Here are five big ones to cover off to make sure everything is, well, as safe as houses. Get the best mortgage deal It goes… Read more »
Despite the Reserve Bank of Australia promising to keep official interest rates on hold until 2024, the rates we pay on some loans are already going up… and are expected to keep going up. In practice, we can already see that interest rates are rising. Australians have been enjoying home loan rates under two per… Read more »
