Update for First Home Buyers on the FHLDS
As of July 1, we began a new financial year and for first home buyers this now brings a new opportunity. The First Home Loan Deposit Scheme is an Australian Government initiative to assist First Home Buyers and in some cases single parents in purchasing their home sooner. This is no new scheme however the […]
Fixed Rate Home Loan Update
If you are a mortgage holder, you are probably keeping a close eye on Fixed Rate home loans and how these changes will effect your monthly budget. A fixed interest rate home loan has a fixed interest rate period of 1 to 5 years. Before you change over to a fixed rate or review your […]
How To Prepare For A Possible Interest Rate Increase in 2022
The number one talking point in home loans today is whether the variable interest rates will rise in 2022. The Reserve Bank has confirmed they will, however there has been no indication of when in the year this will occur. So, what can you do to prepare for an interest rate rise? Firstly, you should […]
Your Investment Property Guide
Investing in property, such as residential real estate usually involves a long-term plan. You need to consider what is required before you make the purchase. To help, we’ve outlined a few things we consider important. 1. What can you afford? This is the first question you need to ask yourself. Reviewing your budget and […]
Longer Lender Turnaround Times and How to Speed Up Your Loan Application
Major lenders have been taking longer to process loan applications in the past few months. The major factors increasing the length of turnaround times are low interest rates, government incentives increasing first home buyer traffic and a buoyant property market. In the latest ABS report (November 2020), the survey showed a record high of mortgage […]