How Do I Finance My Home Renovation?
Are you considering renovating your home or investment property? A well-considered and researched renovation plan can increase the value of your home or investment property. It may be that your well-worn bathroom or kitchen needs a revamp, or that the front yard need to be completely re-landscaped. The difficulty is, what is the best way […]
The Benefits of using a Finance Broker vs Banks
Why use a broker when you can go direct to a bank? The answer is, why wouldn’t you use a broker? Using a broker can save you a lot of time, stress and money! There has never been a more important time to use a broker as banks are tightening their lending criteria more than […]
Why is the Rate on My Investment Loan Increasing?
You may have noticed over the past few months that lenders are becoming stricter with investment lending. The Australian Prudential Regulation Authority (APRA) regulates banking policy and APRA has required that lenders tighten their investment lending policies in a bid to prevent or slow an overheated property market. Some lenders have responded by increasing interest […]
Getting Prepared for Rate Rises
The Reserve Bank of Australia (RBA) hasn’t announced any changes to the cash rate for a year now, leaving the rate at a steady 1.5 per cent, with most lenders keeping rates low too. However, there is talk in the market of of rate rises in the near future, so it’s best to be prepared […]
How is My Borrowing Capacity Worked Out?
Up until recently, it was relatively easy to apply for a home loan. As long as you could show that you have a stable job and manageable debt, then your application had a good chance of being approved. However, things have changed considerably over te past two years. Despite interest rates remaining low, lenders have […]