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 […]
Everything You Need to Know About Credit Laws in Australia
What are the Credit Laws in Australia? The amended Privacy Regulation Act commenced on 12 March 2014 and includes details of how financial institutions can collect, use and disclose your financial information to credit-reporting bodies. This means that your financial institution is legally allowed to share your credit liability information and your repayment history by […]
When is the Right Time to See a Mortgage Broker?
If you’re shopping for a home loan, it’s important that you seek the assistance of a mortgage broker before you start anything. The reason is that they’ll provide you with a number of advantages you otherwise won’t enjoy if you did things on your own. These include: 1. Matching loans based on your needs and circumstances. […]
What are the Benefits of Pre-Approval for Your Home Loan?
When you’re shopping for a property, you may be tempted to look at property listings right away. However, before jumping head first into shopping for your new property, it is advisable to seek assistance from a mortgage broker to have your loan pre-approved beforehand. Here are some of the reasons why: 1. It helps you understand […]
Bank Vs Finance Broker – What Difference will this Have on My Home Loan?
When you take out a home loan, you have the option to deal directly with the bank or deal with a mortgage broker who will connect you with the bank. The end game is the same, you will end up with a home loan, however their processes to achieving this and how right that home loan […]