Refinance Home Loan

Refinance is a most popular buzz word among the borrowers particularly for those hold mortgages. The reason of refinancing may vary from borrower to borrower. However, majority aim is to trim down the interest rate. At this period of historic low cash rate set by RBA, many lenders are coming up with enchanting home loan products.  So, refinancing your mortgage[...]

Read More about 10 things to consider before you refinance your home loan

According to Reserve Bank of Australia (RBA), the ratio of household debt to disposable income was recorded at 193.7% at the end of June’17. It also says that the most household debts were housing related. So home loan or mortgage is the biggest debt component on most of the Australian’s financials. And a cheap interest rate may slash down hundred[...]

Read More about How to get home loan with cheapest rate
How is a Mortgage Broker Different than a Loan Officer

  In many cases, people who look for a loan or refinance come across one of the difficult questions – “should I go for a broker or bank loan officer?”  It is more evident among the new home buyers. Especially who are unaware of the difference between a Mortgage Broker and a Loan Officer. So let’s put it here in[...]

Read More about Mortgage Broker vs. Loan Officer: What’s the Difference?
business loan checklist

  Business loan checklist is an important step before applying for a business loan application. Business loans are quite different and complex in nature.  In contrast, home loans or mortgage loan applications are fairly common. One of the main reason of such uniqueness is its financial complexity and detailed paperwork. A checklist can guide you throughout the preparation and application process. Therefore,[...]

Read More about Business loan checklist – an essential pathway for your business loan!

  Lender’s Mortgage Insurance (also known as LMI), is associated with a loan that the lender consider to carry high risk. When a loan is worth more than 80 percent of a property’s purchase price, a lender may need an insurance to hedge the higher risk. The one-off insurance payment will protect the lender in the event when the borrower[...]

Read More about How to Avoid LMI for Your Home Loan or Mortgage