Calculating your home loan repayments can help you to ensure you’re balancing your household budget and choosing the right home loan for your needs. One of the easiest ways you can calculate your home loan repayments right now is through Reduce Home Loans’ Mortgage Repayment Calculator. But while this may take the hard work out […]
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Reduce Loans Blog
When purchasing a home preparation is key and sometimes we need to look to the finishing line to understand there’s a little more to simply handing over the cash and collecting the keys. The settlement process is the final stage of the homebuying journey and while a lot is said about the first steps of […]
Australia is a nation that loves renovations, with upgrading the family home or making over an investment property one of our most popular past times. But there are some common mistakes and traps that home renovators can fall into if they’re not careful and simply imitate the latest home improvement or interior design TV show, […]
Struggling to save up a 20% deposit for a property? You may be pleased to know that it is still possible to get a foot on the property ladder in Australia without a large deposit. Despite recent news of property price decreases, the value of a home in capital cities and many regional areas is […]
Considering purchasing property or currently repaying a mortgage? You need to know how the latest Federal Budget for 2022-23 will impact you. The Federal Government has released their 2022-23 Budget ahead of the next federal election, with home buyers coming out on top thanks to new schemes and increased placements. However, homeowners and would-be buyers […]
Talk of a cash rate hike from economists resulting in higher mortgage repayments may have borrowers wondering what they can do today to prepare their household budgets. On Friday, Reserve Bank of Australia (RBA) Governor, Philip Lowe, said that it was “plausible” the official cash rate, which has sat at an historic low of 0.10% […]
If you’ve been repaying your home loan for some time and built up a bit of equity, or if your property’s value has recently increased, you may not be aware that you can unlock this equity. Put simply, home equity is simply the difference between the remaining size of your home loan and current market […]
Whether you’re planning on a winter property sale or looking for renovation inspiration for the cooler months, it may be time to consider these popular winter home projects. If you’ve spent the last two years at home thanks to Covid-19 restrictions and lockdowns, you may be daydreaming about how to upgrade and improve your home. […]
With growing talk of interest rate hikes coming sooner rather than later, homeowners may be wondering what options they have to protect their household budget. One option worth exploring may be to consider a split rate home loan. Multiple economists and experts have tipped a cash rate hike to come as early as 2022. One […]
The latest materials and labour shortages have had a significant impact on the average cost of new detached houses, so how can home builders keep costs affordable? The latest Australian Bureau of Statistics (ABS) figures found that the averaged detached home cost grew by 19.6% in the 12 months to January, according to analysis by […]