Your home loan doesn’t have to be a life sentence
Did you know ‘mortgage’ is actually an old French word that translates to ‘death pledge’? The good news is that in 2022, taking out a home loan doesn’t have to be a life sentence.
Did you know ‘mortgage’ is actually an old French word that translates to ‘death pledge’? The good news is that in 2022, taking out a home loan doesn’t have to be a life sentence.
If you’re applying for a home loan, you want to make sure lenders have no reason not to give you the green light. Here are five ways to improve your chances of home loan approval. 1. Have a stable income Lenders want to see that you have a stable income to give them confidence you’ll be …
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When you take out a mortgage, you will choose a variable, fixed or split interest rate. We’ll look at the pros and cons of a variable rate home loan. A variable home loan is a loan in which the interest rate varies over time. It can go up or down depending on the market …
Buying your first investment property is a big achievement, but becoming a landlord can seem overwhelming at first. Before collecting rent and watching your investment grow, you need to get things in order. Here is our checklist to help you. 1. Consider who manages the property While it’s possible to manage your property, it is …
Has speculation about a rate rise this year got you thinking if you should fix your home loan? A fixed rate home loan has its pros and cons, and your decision will depend on your personal preferences. When you choose a fixed mortgage, the interest rate stays the same for a set period – …
With inflation smashing market expectations, economists are tipping a rate rise this year. The latest Australia Bureau of Statistics data found that the consumer price index for the December quarter was up 3.5% over 12 months. This was above the Reserve Bank of Australia’s (RBA) 2 to 3% inflation target, which they forecasted for 2023 …
Before making an offer on a property, it’s a good idea to get a pre-approval for a home loan. A pre-approval, also known as conditional approval, indicates that a lender is willing to lend you an amount of money to buy a property. Here are five key things to know about a pre-approval. 1. A …
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Is your new year’s resolution to enter the property market? Buying a home is a big financial decision, and a key factor will be your home loan. To help you on your journey, here are four things you need to know about mortgages. 1. Pre-approvals can be powerful A pre-approval is the first step in …