Earlier this week, Prime Minister Scott Morrison urged the business community to support the government’s efforts to address the growing economic impact of the coronavirus (COVID-19) pandemic. Mr Morrison specifically thanked the banking sector for passing on the full 25 bps cut from the Reserve Bank of Australia (RBA) following its...
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...
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...
Choosing a mortgage one of the biggest commitments you can make, but even the biggest commitment may need a change. Can refinancing save you money? We recently saved a customer whopping $15,000.00 by simply refinancing their home loan. You have a choice. We prove...
The hardest part of buying a property in Australia isn't necessarily affording the sky-high prices – it's mustering up enough cash to cover a 20 per cent deposit for a loan. For first home buyers, a deposit of at least 20 per cent of the property's valuation is recommended...
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 some of the best tips to ensure that your investment property brings you the rewards you’re looking for. Calculate your costs Buying an investment property...
It’s often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move. There are a number of reasons why you might want to refinance: you can consolidate debt...