Mortgage Insights
What is equity release? Equity is the term used to describe the value of an asset – in this case, your home or investment property – less any amount owing. For example, if your home was worth $800,000 and you owed $450,000 to the bank, your equity would be $800,000 minus $450,000, or $350,000. Equity release is when you access this accumulated…
Buying a home is a significant milestone in anyone's life, and saving for that all-important deposit is the first big step on this exciting journey. The bigger the deposit, the lower your loan amount, which can save you thousands in interest over the lifetime of your mortgage. But how can you reach your savings goal…
So what is future-proofing your investments and why is it a topic that's essential for all Australians looking to navigate the financial landscape. Investing can feel like a thrilling journey filled with growth, prosperity, and sure, a fair bit of unpredictability. This is where future-proofing steps in. It's your financial SPF, protecting your investments against…
When it comes to purchasing a property in Australia, many aspiring homeowners find themselves facing the challenge of saving a substantial deposit. To mitigate the risk associated with low deposit loans, lenders often require borrowers to pay for Lender's Mortgage Insurance (LMI). In this blog post, we'll delve into the details of LMI, exploring what…
Whether you're a first-time buyer or an experienced investor, understanding the costs involved in purchasing a property is crucial
Purchasing your first home is a big milestone in life, but it can also be expensive. However, first-home buyers in Australia may be able to take advantage of stamp duty concessions.
When it comes to buying a home, getting a mortgage is an important part of the process. However, with so many different types of home loans available, it can be challenging to determine which one is the right fit for your unique situation.
Are you a first-time homebuyer? If so, you're probably feeling a mix of excitement and stress. There's so much to consider when buying a home, from finding the right property to securing a mortgage. That's why we've put together this comprehensive guide with five essential tips for first home buyers.
Before we look at the reasons you might refinance your home loan, the steps involved, and why brokers play such an integral role when it comes to refinancing, it is worth taking a quick look back at the history of home loan psychology.