How to Use Equity to Buy a Second Property
Investing in a second property is a significant financial move, and leveraging your home equity can make this goal more attainable. The gap between your property’s current market value and the remaining mortgage balance is known as equity. This untapped resource can be a powerful tool to fund your next real estate investment. In this […]
Big Banks vs. 2nd Tier Lenders for Home Loans: Making the Right Choice for Your Mortgage Needs
When it comes to securing a home loan, Australian homebuyers have various choices. The two primary options are big banks and second-tier lenders. Each has pros and cons, so knowing the differences is essential to make a smart decision. In this blog, we’ll explore the key factors to consider when choosing between big banks and […]
Borrowers staying on top of mortgages, despite higher cost of living
Despite the rise in inflation and interest rates over the past two years, “nearly all borrowers continue to service their debts on schedule”, according to the latest Financial Stability Review from the Reserve Bank of Australia (RBA). “Households with lower incomes, including many renters, have felt these budget pressures acutely,” the RBA said. “Most mortgagors […]
Everything You Need To Know About First Home Buyers Grant
For many Australians, purchasing a first home is a significant milestone, but it often comes with its set of challenges, particularly financial. This is where the First Home Buyers Grant (FHBG) steps in, offering much-needed support to those stepping onto the property ladder for the first time. This guide aims to unpack everything you need […]
How to Get The Best Home Equity Loan Rates?
Securing the best home equity loan rates can significantly impact your financial flexibility and the overall cost of your home loan amount. Whether you’re planning a major renovation, a new investment property, consolidating debt, or funding a significant purchase, finding an advantageous rate is crucial. This guide aims to navigate you through the essential steps […]
Home loan commitments rise 13.3%
The value of new mortgage borrowing is continuing to increase, as more buyers enter the market and property prices – and therefore loan sizes – keep rising. Borrowers committed to $26.40 billion of home loans in February, according to the most recent data from the Australian Bureau of Statistics. That was 1.5% higher than the […]
5 tips to beat out other buyers…
Property buyers are being forced to compete hard in many markets around Australia, so how can you improve your chances of securing your dream home? Here are five tips to beat out other buyers: –Have a home loan pre-approval in place. This will make you look more attractive in the eyes of real estate agents, because […]
