When it’s time to choose a mortgage, understanding the differences between fixed and variable rates can help you save a lot of money over the course of your loan. Let’s explore the differences between these two options, so you make the best decision for your situation. Fixed Rate Loans: Stability and Predictability Fixed rate mortgages [...]
Navigating the home loan landscape can be daunting, especially for first-time buyers. The sheer number of options and complexities can overwhelm even the most prepared buyers. That’s where mortgage brokers come into the picture because we make it much easier to obtain a home loan that’s perfect for your needs. Here’s a quick look at [...]
Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference. On top of a budget, a savings plan and strategies such as a high-interest savings account, an effective way to save is to reduce or eliminate [...]
When people think of buying an investment property, many only think locally. Investing in a property interstate could possibly be a smarter idea, potentially resulting in a better return on your investment. it may also be a potential way to snaffle a bargain. You could be buying into an area with greater potential capital growth [...]
As a home owner with a mortgage, chances are you’ve heard of the term 'refinancing'. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances. Refinancing can also allow you to consolidate your debts or pay down your mortgage more quickly. [...]
Loans are by no means ‘one size fits all.’ Different loan types suit different age groups, different living situations and even different attitudes to money. A common trap some home-owners fall into is to consider a mortgage ‘set and forget’. You did your research, shopped around, found the right option and now you’re reluctant to [...]
It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why: The redraw facility explained A redraw facility lets you make additional repayments to reduce your variable rate home loan balance and save on interest. If you pay more than your minimum scheduled repayments, then you’ll have [...]
