If you are taking the plunge and purchasing your first property, understanding mortgage jargon and concepts can be intimidating. One of the frequent terms that you’ll encounter is LVR or loan-to-value ratio, but how do you define LVR? And why is it important? Loan-to-value ratio or commonly known as LVR is the amount you’re borrowing […]
20
Sep
Sep
For first home buyers, saving up a property deposit is arguably the most difficult process of getting a foot on the property ladder. But all that hard work may not pay off if you’re making any of these common financial mistakes. After you’ve saved up a sizable nest-egg, you need to find a home loan […]
06
Sep
Sep
If you’ve been paying off your mortgage for some time, you may not be aware that your diligent repayments could be your ticket to a more competitive home loan option. Many first home buyers will opt for a no-frills home loan option when trying to buy property as, after all, you’re just happy to get […]
31
Aug
Aug
Lockdowns and restrictions across Australia have been challenging for everyone involved, but for would-be buyers hoping to purchase property, it’s a strange space to navigate. In Victoria, inspections and in-person auctions have been banned and can only be conducted remotely. In New South Wales it’s also tricky, with open homes and auctions banned in Greater […]
26
Aug
Aug
The home loan interest rate battle rages on with more competitive rates being announced. One major bank introduced its cheapest introductory variable rate starting with “1” however the bank also increased several of its fixed interest rates. The great news is, based on Canstar’s database, the cheapest variable interest rate for owner occupiers is still […]
20
Aug
Aug
Lockdowns now feel like they’re extending into forever and the novelty of working from home has truly overstayed its welcome. So, if you’ve not yet created your ideal working space, now may be the time. We previously spent around a third of our lives in an office or work environment, and thanks to COVID-19 […]
17
Aug
Aug
Are you thinking about switching your home loan? Or currently just shopping around for a better rate to refinance? You may not be aware but a handful of lenders are throwing in special deals to borrowers looking to switch or refinance. When we say special deals, it’s not just about the jaw-dropping low rates or […]
16
Aug
Aug
Feeling the urge to escape from your current location and seek out a sea or tree change? You’re not alone. The latest data from the Australian Bureau of Statistics (ABS) found that in the three months to the end of March 2021, 104,100 people moved interstate. This was the highest migration level for a March […]
12
Aug
Aug
Whether you’re considering selling in the future or simply looking to maintain a level of value growth, there are a range of ways you may be able to boost your property’s value without having to rely on the housing market. After months of record increases in dwelling values across the country, many property experts are […]
09
Aug
Aug
One of the top reasons to switch home loans or refinance is to reduce the interest rate on your current mortgage. Traditionally, the rule of thumb is that refinancing is sensible if you can lower your interest rate by at least 2%. Some believe that at least 1% in interest savings is enough to refinance. […]