Professional Home Loan Packages Available With No LMI
When borrowing more than 80% of a property’s value, lenders require that the borrowers pay Lenders Mortgage Insurance (LMI) to protect the lender in the event that the borrower cannot meet the minimum repayments. It is a general rule that lenders require borrowers to pay a minimum of 20% of the property’s value up front […]
Banks Crack Down on Investor Lending
The current record low interest rates have seen a greater increase in investor lending with Australians and overseas buyers purchasing investment properties, leading to investment loans growing at 21 per cent each year. The Australian Prudential Regulation Authority (APRA) are concerned that a housing bubble is beginning to form in Australia and have brought in a […]
How To Determine the Amount of Usable Equity in Your Home
When you own a property, the equity in the home builds up over time. The equity is determined by subtracting the remaining balance on your mortgage from the assessed value of your property. If your property is worth $500,000, and you have $300,000 remaining in your mortgage, then your equity is $200,000. This all sounds […]
Capital Growth or High Yield Investments: Which One Should You Go For?
Investing in property can be difficult when it comes to making decisions and one of the toughest decisions for new investors is whether to invest in a property with a high rental yield or a property with a healthy capital growth. While it is ideal to have both qualities in one property, finding a property […]
Save On Energy Bills For Life With These 4 Inclusions When Building
Your energy costs take up a huge chunk of your household budget. This is particularly relevant in WA where winter and summer can take temperatures to fairly significant extremes. The good news, though, is that there are some building tips that will help you lower your energy bills, not only today but in the coming […]