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?...

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...

The Rise of Rental Rates

Australian rental rates surge in Q1 2023 A recent report from CoreLogic shows a sharp rise in Australian rental prices for the first quarter of 2023. The Quarterly Rental Review has identified an overall increase of 2.5% in the rental market, compared to the 2% growth in the previous quarter. The increase...

How to get a home loan when you’re a business owner

If you’re not an employee, it may be more difficult to get a home loan. Home loan lenders may think there’s more risk involved because your income may be unpredictable or irregular. Also, it may be harder for them to verify your employment. Consequently, some mortgage lenders will demand a...

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...