Loan Application

Should I get home loan pre-approval before bidding at auction?
Finance
August 23, 2023

Should I get home loan pre-approval before bidding at auction?

Preparing to bid at an auction is equal parts nerve-wracking and exciting. For many, this is the biggest financial decision you’ll ever have to make, so getting all of your ducks in a row is essential. Pre-approval is no exception.

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Six Tips for Negotiating A Better Interest Rate with Your Lender
Finance
March 29, 2023

Six Tips for Negotiating A Better Interest Rate with Your Lender

Negotiating doesn't have to be difficult, and there are several things you can do to maximise your position and get the lowest possible rate for your home loan. In this blog, we'll outline six great tips to prepare you for negotiating a better rate with your lender.

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 Should I Get A 20 or 30-year Home Loan?
Finance
March 8, 2023

Should I Get A 20 or 30-year Home Loan?

"When it comes to financing a property, borrowers tend to focus on the size of their mortgage rather than the duration of the loan. In this article, we will explore the advantages and disadvantages of both short and long-term home loan terms, helping you determine which option is best for your financial circumstances."

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Can I get a home loan as a sole trader?
Finance
February 16, 2023

Can I get a home loan as a sole trader?

"For many, what makes self-employment so appealing is the ability to be your own boss. Unfortunately, it also means earning an irregular income and greater challenges when purchasing your next home. But whilst applying for a home loan as a sole trader may be difficult, it’s certainly not impossible. With an understanding of where to search and how to prepare, sole traders can access a wide range of lenders and financial products that will help them achieve their property goals."

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Five tips to improve your chances of home loan approval
Finance
November 24, 2022

Five tips to improve your chances of home loan approval

A home loan application is filled with many hurdles you need to jump. One of the biggest mistakes applicants make is failing to understand all the criteria lenders use to assess your credibility as a borrower. These factors will include anything from your credit score, earning capacity, deposit and debt-to-income ratio on the loan.

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What does a mortgage broker do?
Finance
November 10, 2022

What does a mortgage broker do?

Despite the threat posed by the Royal Commission into banking several years ago, the mortgage broking industry in Australia has emerged stronger than ever. In the June quarter of 2022, mortgage brokers facilitated 68 per cent of all new residential home loans - smashing the previous record in Australia.

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How do I improve my borrowing power?
Finance
September 29, 2022

How do I improve my borrowing power?

Our first home loan is the biggest financial commitment most of us will ever make. After years of renting and saving, you can finally start the journey towards the great Australian dream; owning your own home. Your home loan will dictate what you can afford, whether it’s the property of your dreams or just a property you can afford.

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Eight simple tips for saving up a deposit
Finance
September 8, 2022

Eight simple tips for saving up a deposit

It is so much easier to save when you have a target to work towards. This is why it’s important to your speak to your mortgage broker or lender before you start saving up for a deposit. A skilled finance professional will be able to help you understand what kind of property you can afford and the deposit requirements that come with it.

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A complete guide to construction loans
Finance
August 25, 2022

A complete guide to construction loans

If you’re building a new home or renovating your current one, chances are you’ll need a construction loan to finance your build. Unlike a standard home loan, a construction loan is structured around the building process, allowing the borrower to make progress payments to the builder at key stages of the build.

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Fixed Rates vs Variable Rates: Which Is Better For You?
Finance
August 11, 2022

Fixed Rates vs Variable Rates: Which Is Better For You?

There are many different home loan options available including your repayment type and the lender you borrow from. Choosing between a fixed or variable rate is one of the most important loan decisions you’ll need to make and will come down to your personal preferences.

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The eight biggest mistakes people make when applying for a loan
Finance
August 4, 2022

The eight biggest mistakes people make when applying for a loan

Buyers can get caught up in the excitement of house shopping and bidding at auctions without first getting a pre-approval from their lender. This can be incredibly risky and leave you in a precarious position if your finance falls through.

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Principal & Interest vs Interest-Only repayments
Finance
July 28, 2022

Principal & Interest vs Interest-Only repayments

Repaying your mortgage generally means paying down a portion of your principal balance as well as some of the interest that has accrued through the cost of borrowing.

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How to make the most of your offset account
Finance
April 12, 2022

How to make the most of your offset account

An offset account is a type of savings or transactional account attached to your home loan. The balance of your offset account effectively offsets your outstanding home loan balance, which in turn reduces the interest you owe.

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Using home equity to buy an investment property
Finance
March 22, 2022

Using home equity to buy an investment property

If you’re planning to buy a second property, the chances are you will need to use the equity on your current home to finance your new purchase.

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The best incentives available for first home buyers in Victoria
Property
March 17, 2022

The best incentives available for first home buyers in Victoria

With house prices skyrocketing again in 2021, breaking into the property market is as hard as it’s ever been. In an effort to combat this, the state and federal governments have several initiatives in place to help first home buyers get their foot in the door sooner.

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