Understanding Lender’s Mortgage Insurance
In general, lenders in Australia will allow you to borrow up to 80% of the property’s purchase price, with you paying the remaining 20% as a deposit. There are instances, however, when you may find yourself unable to make the minimum deposit that lenders require for one reason or another. They may thus allow you […]
Save Young Homebuyers Thousands on LMI
Saving for a 20% deposit in the current property market is no small feat for our younger generation. What if they only needed to save a 5% deposit and used a parent’s property as security to save them having to pay Lender’s Mortgage Insurance (LMI) on top of their loan? Launch Finance has access to […]
With Interest Rates at a Record Low, Now’s the Time to Buy
Following the Reserve Bank dropping the cash rate even lower last week, to an all time low of 2.25%, there has never been a better time to take out a loan. Launch Finance has direct access to special products including new reduced fixed rates & variables rates. Currently we can provide access to 3 and […]
Why It Pays to Look Beyond the Major Lenders
Launch Finance recently helped a group of clients with a unique situation, in which they were trying to build on a commercial block of land and wanted to do some of the work to the property themselves. Through our vast range of lenders, Launch Finance was able to connect these clients with a suitable lender […]
The Process of Subdividing Explained
Subdividing a property can be a profitable way of investing in property. However this process does not come without its challenges, with the application process alone potentially taking several months to complete. It is therefore important that you familiarise yourself with how the process of subdividing works. The tips below provide you with a rough […]