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...
Buying Off The Plan? Here’s What You Need To Know
Buying off the plan can be an appealing prospect for both homebuyers and investors, offering personalisation, potential savings, and a turnkey property. It's important to note that property purchases may not always proceed as expected. Each purchase comes with its own set of advantages and disadvantages that should be carefully...
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?...
The Ultimate Guide to House Inspections
Buying a house is a thrilling journey, but amidst the excitement, there's a critical step you must never overlook: the house inspection. Just like the saying "Don't judge a book by its cover," this principle applies to house hunting as well. In this comprehensive guide, we'll unravel the art of...
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...
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...
WIN your mortgage paid for a MONTH!
Living expenses and mortgage repayments starting to bite? We've got you covered. Imagine not having to pay your mortgage for a month! For the month of March, you could win your monthly mortgage repayment paid by NMC Finance (up to $5,000*). Simply enter in any of the following ways: Refer...