Home loan is not only about the interest rate you’re paying or about to pay. It’s also important to look at other features to make it affordable and save money. Redraw and Offset are among the popular features and almost work similar ways. The idea is to allow you to reduce the balance of your home loan. Therefore the[...]Read More about Home loan with Redraw or Offset- which one select to save money?
Is refinance only about to get a lower interest rate? For many, the answer is yes. But others may take refinance as an opportunity to meet other funding requirements. Refinance your home is a major decision. It not only involves finances but also needs to meet your objective. Improving your living standard or adding substantial value to your property[...]Read More about Why refinance to renovate your home
Being the first home buyers or a seasoned one, home loan is the most common trend among the property buyers. A growing number of Australians are looking for home loan as first home buyers. It may be daunting for many to understand the entire process especially for the first home buyers. Interest rate (fixed or variable), pre-approval, settlement, stamp duty,[...]Read More about First home buyers’ guide- Home loan Australia
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 home loans
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
In many cases, people who look for a loan or refinance come across one of the difficult questions – “should I go for mortgage brokers Australia or bank loan officer?” It is more evident among the new home buyers. Especially who are unaware of the difference between a Mortgage Broker Australia and a Bank Loan Officer. So let’s put it[...]Read More about Mortgage Brokers Australia vs Bank Loan Officer
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
Everyone wants to pay off mortgage as soon as possible but many missed in identifying ways to it. Before we move on, here is a simple question for you. When was the last time did you check the progress of your mortgage payment? Remember even simple analysis of your mortgage payments can bring savings, opportunities like faster payment or even new[...]Read More about Tips to pay off mortgage early