As a hopeful homebuyer, you will come across many new phrases in your home loan journey. One of these will be Loan-To-Value Ratio (LVR). If you’ve never heard of LVR and feel unsure about how this fits into your home loan process, rest assured that our below guide will educate and empower you. What is Loan-To-Value Ratio? When you …
Understanding Loan-To-Value Ratio (LVR) in home loans Read More »
If you’re looking into personal loans, you might be wondering if it’s a flexible option for you. Personal loans are a fairly versatile option for those seeking extra finance, as there are so many ways you can use them. Since they aren’t boxed into a category, like car or home loans, there typically aren’t guidelines …
As a prospective homebuyer you may be aware of the benefits of working with a mortgage broker, but it’s natural to be curious about how long it will actually take to get approved with a broker. Understanding the general timeline of engaging with a mortgage broker can equip hopeful buyers with confidence and understanding surrounding …
How long does it take to get approved with a mortgage broker? Read More »
If you’re preparing for your first meeting with a mortgage broker, you might be unsure of what you need to bring along with you. Ensuring that you arrive to your meeting with all the necessary documents will help to streamline the process, so we’ve compiled a list of everything you need for your mortgage broker …
Essential documents for your mortgage broker meeting Read More »
The question of how to best manage debt is a common concern, particularly for hopeful homebuyers. One strategy for tackling existing debts is debt consolidation; which can help individuals by streamlining their repayments into one simple step. However, if you’re considering consolidating your debts you may be concerned that it could impact your credit score …
Does debt consolidation impact your credit score? Read More »
The Higher Education Contribution Scheme (HECS) is a necessity for many Australians that pursue tertiary qualifications, allowing the cost of tuition to be paid off after a certain income threshold is met. If you’ve got a student loan debt, such as HECS or FEE-HELP, you may be wondering if this will impact your ability to …
The prospect of becoming a homeowner, whether it’s your first time or you’re a seasoned investor, can be both exciting and stressful. With many crucial financial decisions ahead, you may be wondering at what point of your home buying journey is the best time to engage with a mortgage broker. Although this process may look …
When should I see a mortgage broker for my home buying journey? Read More »
Choosing between variable and fixed rate home loans can be a challenge for new homebuyers, with both options boasting advantages and disadvantages. Although your mortgage broker can give valuable advice on what type of home loan is best suited to your situation, you may later wonder if it’s possible to make the switch from a …
Can I change my home loan from variable to fixed? Read More »
A redraw facility is a valuable feature of many home loans, allowing you to access extra repayments you’ve made on your mortgage. This guide explores how redraw facilities work, their benefits, and how you can access funds when needed most. If you’re wondering if a redraw is the right choice for you, keep reading to …
What is a Redraw Facility on a Home Loan? How It Works & Benefits Explained Read More »
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 …
