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...
Debunking Common Mortgage Myths
The world of mortgages can be a confusing landscape filled with myths and misconceptions. These can be misleading for potential homebuyers, delaying their entry into the property market or even costing them in the long run. Let’s debunk five common mortgage myths and set the record straight. Myth 1: You...
Unlocking Your Home Equity With Cash-Out Refinancing
Looking for some extra cash to consolidate your debts, renovate, or buy a new vehicle? Cash-out refinancing may be the key to unlocking some extra funds. It’s a powerful financial strategy that allows Australian homeowners to tap into the equity they’ve built in their homes. This approach is different from...
When Does Refinancing Make Sense?
Refinancing has been a hot topic lately, largely thanks to increasing interest rates over the last 12 months. But it's not just a buzzword or a magic fix; refinancing your mortgage is a financial decision that can significantly impact your future. Which begs the question: When does refinancing make sense?...
Upside to Property Price Rise for First Home Buyers
Despite multiple interest rate increases the Australian housing market has surprised analysts and experts as property prices stabilise and even rise. Rising house prices may concern some, but beneath the surface lies a silver lining, offering valuable opportunities for those aspiring to step onto the property ladder. Let's explore three...
Beat the Fixed Rate Mortgage Cliff
As an Australian homeowner, you may soon face a daunting challenge – the end of your fixed rate mortgage period. The Reserve Bank of Australia (RBA) is predicting that approximately half of borrowers with fixed-rate mortgages will transition to variable rates this year. It's crucial for these homeowners to take...
Understanding the Costs of Buying Your First Home
Ready to dive into the exciting world of home buying? We've got you covered with our comprehensive guide to understanding the costs of buying your home. From upfront expenses to ongoing costs, and even those sneaky fees that are often overlooked, we'll help you navigate the process of buying your...
Should I consider refinancing my home loan?
Interest rates in Australia are continuing to rise, leaving many homeowners struggling to keep up with monthly mortgage repayments. So much so that some may consider refinancing to help alleviate rising costs. While there can be sizeable benefits, it is not a one-size-fits-all solution. Let's dive into the pros and...
Five must-ask questions for your mortgage broker
Whether you’re looking to buy for the first time or are already a homeowner, finding a trusted and knowledgeable mortgage broker to secure the right home loan for your needs is crucial. The application process can be overwhelming, so make the most of your broker’s expertise by asking them the...