What is a Redraw Facility? The 7 Things You Need to Know
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 […]
What Are Doctor Home Loans? And How To Apply For One
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 […]
How Does a Renovation Loan Work?
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 Only Home Loan Approval Process Flowchart You Need
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 […]
The Essential Guide to Split Home Loans
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.
Offset Account vs Redraw Facilities: A Side by Side Comparison
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.
How Does Equity Work When Buying a Second Home?
If you’re planning on investing but haven’t yet secured the deposit, you need to know how equity works when buying a second home.
The Ultimate Guide on Home Loan Borrowing Power
Calculating your home loan borrowing power is the first step on your journey to homeownership.
Should I Fix My Home Loan? 6 Essential Things To Consider
For many property investors, the decision to fix or not to fix a home loan can be difficult. For some, staying on top of their mortgage repayments is enough to motivate them into fixing their rate for peace of mind.
What Is Loan Serviceability and How Is It Calculated?
Many factors come into play when applying for home loans, and home loan serviceability is arguably one of the most important aspects in the process.
