So you’ve scrimped and saved, whipped your investment portfolio into shape and now you’ve finally saved up a decent-sized home deposit. That’s the hard bit done, right? Well, not exactly. Don’t get us wrong, saving up a home deposit is no small feat – but when it comes to the process of...
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...
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...
Between understanding your finances and knowing when, where and what to buy, the whole experience can be daunting. If you’re feeling overwhelmed- stop right there! We’ve compiled tips to ensure that your investment property brings you the rewards you’re looking for. Calculate your costs Buying an investment property is a major...
TODAY’S MORTGAGE MARKET IS VERY COMPETITIVE, SO IF YOU’VE PUT YOUR MORTGAGE ON ‘AUTO-PILOT’ YOU COULD BE PAYING MORE INTEREST THAN YOU SHOULD BE. If you’re looking to save money and pay off your home loan sooner then it makes good financial sense to review your home loan to...
Interest-only mortgages More expensive in the long run An interest-only home loan is a type of loan where your repayments only cover the interest on the amount you have borrowed, during the interest-only period. There is no reduction in the principal. This type of home or business loan will have lower repayments in the...