Buying your first home is exciting, but it can also feel like learning a new language. Deposits, borrowing power, grants, pre-approval and lender rules can throw people at first. A first home buyer mortgage broker helps make the process easier by explaining your options clearly, comparing suitable loans, and guiding you through the application step […]
Do your homework You are not buying from the heart, but from the head, so it is important to assess your current financial position. What are your cash reserves and what equity do you have in your present home? Look at your long term objectives and factor in potential changes to your current situation (e.g. the […]
Small extra repaymentsOne of the most obvious ways to pay off your home loan quicker is to make extra repayments. Depositing lump sums, such as a tax return or work bonus, will always be beneficial, however it doesn’t always take large amounts or windfalls to make a substantial difference – planning for regular, small cash […]
The array of mortgages available helps a good finance broker to tailor a package to suit your needs. Here are just some of the options. Fixed-rate mortgages With a fixed-rate loan, you know exactly how much you’ll pay per fortnight or month for the fixed period of the loan (usually one to five years). Variable […]
With so many products offered by various lenders, it can be quite perplexing trying to figure out whether or not you’ve scored yourself a good deal on your home loan. While doing your research and comparing what’s out there in the market is one of the most obvious ways to find out whether you’re sitting […]
Set your goal Whether it’s to gain lower monthly repayments or to access the equity of your property for a home renovation, there are various reasons why consumers choose to refinance. It can offer great savings with more competitive interest rates, loan features and reduced fees. “Start by analysing your current situation and do a […]
Saving for it. Saving for a home loan or mortgage isn’t glamorous but it has to be done. So here are some savings tips for first home buyers to help get you into the property market. How much should I be saving? One of the first rules of saving is to set a goal. But what should […]
Before you decide to purchase your first property there are a number of things to consider, including your current personal circumstances and financial status. Think about why you want to buy a homeDo you want to live in it or will it be an investment property? This can help determine the kind of loan you […]
Auctions are competitive and stressful for most bidders. Here are six smart strategies that could improve your chances of winning. Don’t show your hand Revealing your maximum bid limit to the agent before the auction could encourage them to push you a little further. For example, during the auction the agent might indicate you’re close […]
Before taking action on any of the below ‘Top 15 Ways’, we recommend you speak with a finance specialist. Call the office for more information on any of these 15 suggestions. Pay the first home loan instalment as soon as you settle. Review your loan at least every two years and ask your broker to […]
