How Can I Make the Most of the Low Interest Rates if I Already Have a Home Loan?
Interest rates are a hot topic in the property home loan market at the moment with interest rates at an all-time low. In May 2015, the Reserve Bank announced that it would cut cash rates to a record-low of 2 per cent. Banks and other types of lenders naturally followed suit. Yes, this has happened in […]
Fixed Rate Interest Loans Vs. Variable Interest Rate Loans – What Are the Pros And Cons of Each?
This can often be one of the most difficult decisions to make when taking out a home loan and there are many arguments for and against both fixed and variable interest rate loans. Do I fix my interest rates to take advantage of the low interest rates or do I go with a variable interest […]
How Often Should I Review My Home Loan?
Your personal needs and circumstances will change throughout the years and it is important that your current home loan reflects this. A home loan that suited you when you bought your first home in your 20s may not suit your current circumstances 10 years later. Not only is it important to find a home loan […]
What are My Options as a First Home Buyer? How Much Deposit Do I Need to Save?
First home buyers in Perth have it tough when shopping for their first property with most looking for a 4 bedroom, 2 bathroom home in a good location. There are a few different options for first home buyers looking to get into the market, which we discuss below. The 20% Deposit Rule In general, lenders […]
Can I Still Get a Home Loan with a Bad Credit History?
Racking up a bad credit rating can be potentially harmful for your credit history and may cause issues when you want a home loan. Don’t stress just yet, there are options for people with bad credit history. There are lenders out there that offer loan products specifically designed for people with a bad credit history. […]