How Low Deposit Home Loans Work & How to Get One Many Australians take their time before buying property and try and save up 20% deposit so they don’t need to pay lenders mortgage insurance – but with low deposit home loans, you can become a homeowner much sooner. It’s possible to be approved for […]
How Refinance Home Loan Debt Consolidation Works If you’re feeling overwhelmed by multiple streams of debt and are desperate for relief, refinancing your home loan for debt consolidation might be a great option. A debt consolidation home loan provides a short term solution to a multi-faceted problem – but you need to weigh up the […]
If you’re wondering, “how much deposit do I need for a home loan?” – the answer is not as straightforward as you might think. How much of a deposit you choose to pay is specific to you and your personal financial situation or needs. While most lenders require a minimum of 105% house deposit, the […]
Before going ahead and taking out any loan for your renovations, you might want to first assess the different types of home renovation loans. Different home renovation loans can benefit different things, and utilising the right one can save you time, effort, and money. For a practical idea of which loan will be best for […]
A redraw facility is a widely overlooked aspect of home loans. Many homebuyers don’t know what it is or are unaware that their home loan offers this feature. If you’re taking out a home loan on a variable interest rate and you want to make extra repayments to your home loan balance, setting up a […]
Medical professionals interested in buying a home or investment property should specifically look into doctor home loans. These specialist loans for doctors include significant benefits and discounted rates that aren’t available with standard home loans. So, not only can they save you money but they can put you on the road to homeownership much sooner […]
Whether you want that pool for your family before summer or add an extra bathroom to increase the resale value, there are several options to choose from in terms of a renovation loan. Before deciding which type of renovation loan will work best for you, you’ll need to decide exactly what you want to do […]
The home loan approval process can seem extremely daunting and overwhelming – especially because a home loan is the biggest financial commitment a person will make in a single transaction. It’s certainly no small feat! So, to make this process easier, we’ve put together this process flowchart to guide you along your home loan application […]
If you’re shopping around for a home loan but can’t settle on whether a fixed interest rate or a variable interest rate would work better for you, there could be a solution – split home loans.
Before going ahead and applying for a home loan, you should consider your current financial capabilities and your goals so that you can choose the structure best suited to you – that includes considering additional facilities such as an offset account or a redraw facility.