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 […]
How to Prepare for New High Interest Rates
In a world where change seems to be the only constant, one thing has remained steadily on the rise: the Reserve Bank of Australia’s interest rates. Month after month, for the last year, we’ve seen the announcement of another hike. The word “increase” now feels like a drumbeat, inescapable and resonant. While great news for […]
A Guide to Australia’s Home Guarantee Schemes
Homeownership. It’s the dream many of us share—that little piece of Australia to call our own. Yet, let’s face it, the journey there can be as daunting as it is exciting. Amidst a high cost of living and soaring housing prices, the goalposts move when we’re about to kick the ball. You might even stumble […]
3 Tips for Saving for a Home Loan Deposit
As the property market in Australia reaches unprecedented heights, many aspiring homeowners find themselves disheartened and, at times, overwhelmed by the prospect of accumulating a sizable deposit. The ever-increasing prices, coupled with the fierce competition, can make even the most determined property buyers question their ability to succeed in this market. Unfortunately, this daunting scenario […]
How do Mortgage Lenders Calculate Affordability?
Securing a mortgage to purchase a house is a significant financial decision that involves understanding several key factors, the primary one being mortgage affordability. This key component determines how much you can borrow from a lender while ensuring that the repayment is balanced with your finances. This blog post will delve deep into mortgage affordability, […]
