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...
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....
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...
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...
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...
When will interest rates go down?
The Reserve Bank of Australia caused few surprises when it lifted the country’s official interest rate by 25 basis points to 3.35% in February. After all, annual inflation jumped by 7.8% over the December quarter, according to the Australian Bureau of Statistics. That’s not just a 32-year high; it’s also...
What first home buyers need to know about lender’s mortgage insurance
Australian property prices might be falling, but getting on the property ladder can still be challenging. The biggest hurdle? Saving a 20% deposit – which can take years of scrimping, particularly if you’re paying rent simultaneously. However, if you are prepared to pay lender’s mortgage insurance (LMI), you might be...
What does the federal budget mean for Australian real estate?
Treasurer Jim Chalmers has delivered Labor's first federal budget in almost a decade, in which he emphasised the government was making “hard decisions for hard times.” But despite this, there was one eye-catching announcement for Australia’s real estate industry: a new National Housing Accord, which sets an ‘aspirational’ target of...
Now might be first home buyers’ best chance to break into the market
It’s not been called the great Australian dream for nothing. But in recent years, buying your first home has become increasingly harder. The biggest challenge? Saving a deposit – with the most recent ANZ CoreLogic Housing Affordability Report finding it takes, on average, more than 11 years for a first...