Genuine Savings: Why First Home Buyers Need to Know the Rules
If you’re thinking about buying your first home, you probably already know that saving a sizeable deposit is an important part of the process. However, did you know that a percentage of the deposit may need to be what the bank considers to be “genuine savings”. This policy may apply where you are borrowing more […]
First Home Super Saver Scheme: What You Need to Know
The Government’s 2017 Federal Budget has provided a new incentive for first home buyers in the form of a “First Home Super Saver Scheme” that aims to assist Australians in getting into their first home sooner! The aim of the program is to reduce the pressure on those entering the housing market later than previous […]
Navigating a Home Loan When You’re New to Australia
Mortgage brokers, loan pre-approvals, fixed versus variable rate loans, stamp duty, conveyancing. If you’re new to Australia, the language of home buying can seem mystifying. Here are some of the things you need to know to get yourself on the road to the great Australian dream. Keep in mind however, that speaking with an expert […]
Overcapitalising: What it is and How to Avoid It
As a home owner or property investor, you may have heard the term “overcapitalising”. But what exactly is it and why is it considered bad? While adding a new deck or kitchen can increase the value and enjoyment of your property, overcapitalising can end up costing you more than you planned. Here’s a closer look […]
Buying A New Home – Do I Need a Building Inspection?
You have found the home of your dreams, Launch Finance has advised that your finance is all but assured and the next question comes – do you need a pre purchase building inspection? The reality is many property buyers have a purchase offer accepted on a new home after only one or two brief visits […]