Lately, we've been getting enquiries about bridging loans. But there is little advertising on what a bridging loan is, and how it can benefit a home buyer. Anyone who is experienced in the property market would agree that loans can take time to approve. This can be frustrating, especially if you want to sell some […]
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A good mortgage broker can save you time and money by finding the best deal for your circumstances. People often ask us what we do, and how we can help, so we have put together a list of FAQs to answer some of those burning questions. What does a mortgage broker do? We can assist […]
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What are fixed interest rates? Fixed interest rates are rates that remain fixed for a loan's entire term, regardless of what happens in the market. Knowing your repayments will remain fixed allow you to plan ahead and maintain a certain standard of living. Fixed rates can also protect you from sudden rate rises. The downside […]
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What is stamp duty? Stamp duty is a tax that state and territory governments charge for processing certain ownership documents and transactions, such as the purchase of a new home. The value of the purchased property or land determines how much stamp duty you will pay – a general rule is the higher the property […]
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There are four situations in which a good mortgage broker is beneficial - both in the short and long term. Buying your first home Buying your first home can be very overwhelming, but with an experienced mortgage broker, it should be a piece of cake. We have experience negotiating with banks and lodging home loan […]
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If you are in the market for your first home, make sure you explore the benefits that could be available to you. First home buyer grant The first homeowner grant is a once-off payment to encourage and assist people who are building, renovating or buying their first home. $10,000 grant is available for eligible first […]
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The Australian home loan market is a rapidly changing beast. New and innovative products hit the market daily, which we are constantly notified of by news and media outlets, yet surprisingly many Australian’s continue to avoid refinancing their home loans – which is often offering significant savings. Historically, dealing with banks has been a tedious […]
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What is lenders mortgage insurance? Lenders’ Mortgage Insurance (LMI) is insurance that a lender takes out to protect itself against the risk of not recovering the full loan balance, if the borrower is unable to meet your home loans repayments and you default on the loan. In the unfortunate situation that this occurs and the […]
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As a mortgage broker I love being able to give people a few hints and tips as how to pay off your home loan quicker. Its not all about extra payments, its often just about maximising structure. Here are some sure-fire tips to ensure you shave years off your home loan 1) Store Savings in […]
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