How to Get a Lower Home Loan Interest Rate
If you’re interested in learning how to get a lower interest rate on your home loan, it might be worth going back to mortgage basics. This means brushing up on fundamentals like effective mortgage shopping, refinancing and ways to improve your financial profile for lenders. Let’s explore how ...
What Are Your New Year Goals – Have You Considered a Home Loan Health Check?
A home loan health check is an assessment of your current mortgage to see if there are better options available. It helps ensure that you’re getting the best deal possible and that your home loan still aligns with your financial goals and circumstances. It’s natural for your ...
3% Mortgage Serviceability Buffer to Remain
The mortgage serviceability buffer is a key regulatory measure designed to safeguard the financial stability of borrowers and the broader housing market. Introduced by financial regulators, this buffer ensures that lenders assess a borrower’s ability to repay their loan under potential future ...
Fixed or Variable?
There is a lot more to your home loan than fees and rates. Read on as we explain the different types of loans and their features to help you make an informed decision on what you are looking for from your home loan. Variable Rate Interest rates will move up and down depending on factors […]
Interest Rate Rises
Have you ever wondered what an interest rate rise means for you and your finances? Below is a fact sheet that contains answers to any questions you might have about an interest rate rise, and how it might impact you. How does an interest rate rise work? Commercial banks will have to pay a ...
Looking to invest in property?
If you haven’t already bought a home, chances are you’re trying to find a way to buy one. Perhaps, it’s the familiarity with the real estate market that makes property a place where many Australians choose to invest. But it’s most important to know that buying an investment property is quite ...
Is your home loan still right for you?
Since you got your home loan, chances are that interest rates may have moved (and life has too). Has the official cash rate changed since your current loan settled? Has the rate your lender is charging you changed? What about the fees and charges? Chances are the market has changed too. New ...
Why using a broker is the smart way to go when it comes to finding the right finance.
More than half of all Australians taking out a mortgage are doing so with the help of a mortgage broker. There are literally hundreds of different loan products available right now. With so many lenders, and so many products under each of their brands, it’s so important you make the most of ...
How much will your home really cost?
Sitting down? Good. We all know we pay interest on home loans but looking at the total paid out over the life of a loan can be like looking into the sun. Brace yourself, because Canstar have put on their sunnies and crunched the numbers to calculate home buyers taking out an average ...
First-time homebuyers
Whether you are an individual or a family looking to purchase your first home, you may be eligible for various incentives and grants to help with the process. Home Guarantee Scheme The Home Guarantee Scheme, or the First Home Loan Deposit Scheme, is a government initiative designed to help ...