When applying for a home loan, choosing whether to take a fixed rate or get a variable rate is crucial, especially for those who want to manage their finances more efficiently. While both have advantages and disadvantages, borrowers who would like to have some certainty, particularly in the first...
If you’re looking at buying your first home, chances are you’ve heard the phrase ‘Lenders Mortgage Insurance’ thrown around, or maybe even the acronym ‘LMI’, but how many of us know exactly what this means? If you’re anything like most first-time home buyers, you may be totally worried and even...
The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers to purchase their first home sooner. First-Home-Buyer-Deposit-scheme-information-guideDownload The Scheme aims to support first home buyers through a limited Government guarantee to eligible customers who have a minimum 5% deposit, without Lenders Mortgage Insurance (LMI). The guarantee...
For most Australians, the dream is to purchase their own home. But once you’ve had your home loan for a few years, it’s only natural to start itching for new investment opportunities. By refinancing your current home loan, you could access the equity you’ve already accumulated on your current property,...
Click Here to watch the VideoSix steps to creating your financial goals checklistDownload When it comes to the big things in life we all have our goals. Getting promoted at work. Educating the kids through school. Saving for a comfortable retirement. Whether it’s finances or fitness, spending time on setting...
Most people know there are different types of home loans, with distinct terms and conditions such as variable interest rates. However, the process for obtaining an affordable mortgage also depends on the ultimate goal you have in mind for the purchase. In particular, it matters whether you're buying...
As the second largest property market in the country after Sydney, investors and homeowners are both watching with keen interest what is happening to Melbourne property prices in 2020. After negative results for all of 2018 and the first half of 2019, the market woke up after...
Can I have both fixed and variable rates on my home loan? Yes, you can split your home loan to have both variable and fixed interest rate payments. Please call or email our friendly team at Finance Circle Group (info@financecirclegroup.com.au) to discuss your options to meet your requirements and objectives. Do...
Interest rates are at historic lows, and with talk of a further cuts, we are hearing from many who are now thinking of either finally getting a foot on the property ladder, or investing in another property. But this thought is always followed by: how much can I borrow? Depending on...
Is your credit rating a little lower than you’d like? Getting rejected for credit card, personal loan, home loan or even a car loan can be disheartening, so here are some tips for improving your credit rating. Finance Circle Group is based in Melbourne and we assist our clients to...