As a prospective homeowner, you may have heard of people accessing a redraw facility on their home loan. But what is a redraw on a home loan? And is it something that you should consider taking advantage of? We’ve compiled a guide on redraw facilities so that you can consider if it is a financial …
When you’re getting started on your home-buying journey, you might be unsure of the benefits of a mortgage broker, and why you might opt for a broker over a bank for your loan. A mortgage broker acts as a “middleman” between hopeful borrowers and various lending institutions. Mortgage brokers work independently to connect you with …
If you’re a first-time home buyer, you might be wondering what pre-approval actually means and what it involves. How do you get “pre-approved?” and does this mean you’re approved for a mortgage? It’s normal to be uncertain about financial lingo such as this, but it’s important to be aware of what pre-approval actually involves and …
If you’re looking to buy into the New South Wales property market, it’s important to consider the costs beyond the price of your dream home. Other financial implications, such as land tax and transfer duty, should be included in your budget early in your property buying process, to avoid any unexpected costs causing issues once …
What you need to know about NSW’s property taxes & transfer duty Read More »
When looking to purchase real estate in Victoria, it is important to consider the financial implications of property investment. In addition to the price of the property, there are other less obvious costs involved in buying a house or other type of dwelling. In this blog, we’ll examine Victoria’s property taxes, such as land transfer …
Victoria’s property taxes and land transfer duty Read More »
If you’re new to the property world, you might be wondering what certain buzz words mean. Although your mortgage broker will be able to explain property investment jargon to you, it’s also great if you empower yourself with knowledge before starting your borrowing journey. We’ve listed some of the most common property investment terminology, and …
When buying a home, it’s important to consider that you will have additional expenses on top of the cost of the actual property. Stamp duty and property taxes are a reality of buying real estate in Queensland, and should be budgeted for early in your purchasing process, to avoid any financial hiccups once you’ve found …
Understanding Queensland’s stamp duty & property taxes Read More »
Paying interest is understandably a common concern for prospective homeowners, and you may be wondering how this interest is actually calculated. There are a range of factors that influence what interest you will be paying on your home loan, so we have compiled a list of these for your knowledge. Principal amount The principal amount …
If you’re looking to buy a property, you might be feeling confused about whether a fixed rate or variable rate mortgage is right for you. Both home loan types have their own sets of advantages and disadvantages, so it is important to review these and consider which is best suited to your situation. In this …
Investing in real estate can equate to financial stability, if done successfully, due to the ongoing nature of wealth that can be generated from property. Whether you’re a homeowner wanting to expand your portfolio, or a first time buyer yet to enter the market, there are many elements of investing in real estate to consider. …
