As property prices continue to soar, many young home buyers find themselves at a crossroads, trying to decide whether to rent or buy. It’s a dilemma as old as time—or at least as old as mortgages. Deciding whether to rent or buy in 2024’s challenging market is a complex decision...
15-Year vs. 30-Year Mortgages
Choosing between 15-year and 30-year mortgages can significantly impact your finances, influencing everything from monthly cash flow to long-term savings. Let's delve into the nuances of each option to guide you through this critical decision-making process. The 30-Year Mortgage: A Familiar Path For many aspiring homeowners, the 30-year mortgage stands...
A guide to low-deposit home loans
Saving for your first home is no easy feat for many Australians. It requires disciplined savings habits and maybe even sacrificing a few smashed avo brunches along the way. It’s not all doom and gloom though, for those struggling to save a hefty deposit, there is a beacon of hope:...
5 Common Home Loan Application Mistakes to Avoid
Are you gearing up to step into the world of homeownership? Whether you're a seasoned investor or a first-time buyer, securing a home loan can be a complex journey filled with potential mistakes along the way. To help you navigate this process successfully, let's delve into the five most common...
Navigating the Home Loan Maze
In the intricate world of a home loan, finding the optimal deal is akin to uncovering a hidden treasure. Yet, armed with knowledge and strategic planning, this endeavour can evolve into a gratifying journey towards homeownership. Let's delve into the pivotal considerations and strategies for securing a favourable home loan....
Understanding Your Borrowing Capacity
If you’re on the hunt for a new home, the term ‘borrowing capacity’ is something you’ll want to familiarise yourself with. It’s a crucial factor in the world of home loans, so let’s dive into what it means, how lenders determine it, and how it affects your finance application. What...
How Lenders Scrutinise your Spending for Home Loan Applications
In the realm of loan applications, every financial decision counts. So, if you're planning on applying for a home loan in 2024, here's what you need to know about how the banks will assess your spending habits and some practical tips to increase your chances of a successful application. Lender...
2023 Housing Market Recap with 2024 Predictions
The 2023 Australian housing market defying expectations and offered twists that have kept experts and enthusiasts on their toes. Approaching 2024, it's essential to review the past year's events and foresee the trends shaping the real estate landscape. Unraveling 2023 housing market trends Against the backdrop of escalating interest rates,...
Unlocking Home Loan Applications for Self-Employed Australians
If you’re self-employed, navigating the complexities of securing finance requires strategic planning and a comprehensive grasp of what lenders seek in potential borrowers. Let’s break down the process to help you started on your home-buying journey. What Lenders Seek in Self-Employed Borrowers 1. Stability and Consistency: Lenders prioritise stability and...
What do I need for mortgage pre-approval?
Buying a home is an exciting and transformative journey, but it comes with a few hoops to jump. One of the most crucial steps on this path is securing pre-approval from lenders. While it isn't mandatory and doesn't guarantee your final loan approval, pre-approval can offer you invaluable insights and...