How do First-Home Buyers Obtain a Loan?
Buying your first home is as thrilling as it is daunting, largely due to the significant financial responsibility behind the decision. But where are new home buyers supposed to begin when it comes to securing a loan? Without the right guidance, the process can feel like a labyrinth. To help you navigate this road, our […]
No Deposit Home Loan: First Home Buyer Guide
Buying a home is a significant milestone many Australians aspire to, but growing financial challenges are leaving many feeling overwhelmed. Amid the rising costs of living and rapidly increasing property prices, building genuine savings to place a house deposit to cover 20% of the property value and avoid having to pay lenders’ mortgage insurance is […]
How Much Deposit Do I Need for a Home Loan?
If you’re wondering, “How much deposit do I need for a home loan?” – the answer is not as straightforward as you might think. While most participating lenders require a minimum 5% house deposit, the bigger your deposit amount, the less likely you will have to pay lender mortgage insurance (LMI). But, if you’re eligible […]
The Best Home Loans for First-Home Buyers in Australia
Deciphering the ups and downs of applying for the best home loans for first-home buyers can initially be daunting. But you don’t have to worry because our mission is to equip you with the tools and knowledge needed to make an informed decision. This in-depth guide demystifies the process, providing a comprehensive overview of various […]
Roadmap to Financial Assistance: Who Will Give Me a Loan When No One Else Will?
The journey to secure a loan can be challenging for individuals with poor credit, leading many to ask, “Who will give me a loan when no one else will?” When you have bad credit, getting approved for a loan may seem impossible, with traditional lenders hesitant to take on the perceived risk. However, there are […]
Does a Low LVR Mortgage Mandate LMI?
Buying a property and looking to secure a low LVR mortgage? Understanding the financial aspects of buying a property can often be overwhelming because there’s all this terminology and specific requirements you might not know off the bat. What does it mean to have a LVR? Can I secure a loan with a low LVR?Will […]
What Does Conditional Approval Mean?
Are you looking to buy a home and wondering, “What does conditional approval mean?” Having a solid grasp of the mortgage process can be an invaluable asset when you’re on the quest to buying a home. One of the phrases you might come across is ‘conditional approval’. It’s a critical moment in the home loan […]
How to Calculate Equity in Home (Step By Step)
Homeowners often wonder how to calculate their home’s equity, which is the portion they truly own and is a valuable asset. If you want to renovate, invest in property, or pay off debt, using your home equity can help. However, figuring out how much equity you have in your home can be confusing. You often […]
Understanding the Impacts of a Mortgage in Possession
Understand key home loan terms, including “mortgagee”, “mortgagor”, and “mortgagee in possession”, and learn how to navigate financial hardship.
The Difference Between a Private Treaty VS Auction in NSW
For first-time homebuyers, the journey of acquiring a home loan can be an overwhelming sea of information to navigate. In addition to understanding the ins and outs of home financing, another crucial aspect of the homebuying process is comprehending the two primary methods of selling a house: a private treaty, or an auction. Let’s delve […]
