Moving House
Thursday, January 28th, 2010
This has been a contentious issue over the years among both researchers and economists – but data from Australian Property Monitors and RP Data’s Rismark has reignited this in the last few days.
An Australian Property Monitors’ Quarterly Housing report revealed, “2009 ended with the strongest annual house price growth since 2003,” which supports the view that residential property is unaffordable. APM also revealed over the December quarter the Australian property market saw a 4.8 per cent rise in median house prices nationally and 12.1 per cent rise overall for the year.
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Posted in Buying to Invest, First Time Buyers, Moving House | January 28th, 2010 1 Comment » Tags: affordability, Budget, First Home Buyers, Home Loans, Invest, Move House, Property
Thursday, January 14th, 2010
Mortgage related insurances are set to become more popular this year as repayments rise and mortgage holders seek to protect their financial ability to keep their property.
The current rate climate is likely to jolt some borrowers into action to investigate what protection they can put into place, if the ability to pay their mortgage is affected by an event and many borrowers are blissfully unaware of the risk posed if they are unable to meet mortgage repayments because of sickness, prolonged illness, injury or death.
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Posted in Buying to Invest, First Time Buyers, Interest Rates, Moving House, Refinancing, Uncategorized | January 14th, 2010 5 Comments » Tags: Home Loan, Home Loans, Insurance, Lender, Lenders Mortgage Insurance
Wednesday, December 30th, 2009
Consumers should lower the limits on their credit cards to improve their ability to borrow for a home. High credit card limit reduces the amount a financier would lend to a borrower.
Lenders evaluate a loan application on a few criteria but a high credit card limit was considered to reduce a borrower’s capacity to repay a mortgage.
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Posted in Buying to Invest, First Time Buyers, Interest Rates, Moving House, Refinancing | December 30th, 2009 2 Comments » Tags: Budget, Credit Cards, Home Loan, Home Loans
Monday, November 30th, 2009
Despite the challenging economic times, borrowers still need to meet their financial obligations – including their home loan. So it’s a good time to take stock and see if you’re getting enough mileage from your mortgage.
Listed below are ten simple ways to squeeze the most from your home loan:
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Posted in Buying to Invest, First Time Buyers, Interest Rates, Moving House, Refinancing | November 30th, 2009 No Comments » Tags: Debt Consolidation, Home Loan, Interest Rates
Monday, November 30th, 2009
Each year Australians spend billions of dollars renovating or rebuilding their homes as they seek to improve their lifestyle, make adjustments to suit their changing circumstances, or simply enhance the value of their home.
As we grow in our relationships, our needs often change with regard to the home we live in. Our financial situation may improve which provides greater accommodation options, or indeed we may add to the family unit by having children or need to prepare for other family members to move into the home.
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Posted in Buying to Invest, Interest Rates, Moving House | November 30th, 2009 No Comments » Tags: Invest, Move House, Renovate
Monday, November 30th, 2009
Borrowers concerned about future interest rate increases should pick up the phone and talk to their lender, rather than let their situation get out of control or switch institutions.
A conversation with your lender can assist you through this current climate and arm you with financial strategies which could improve your overall situation.
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Posted in Buying to Invest, First Time Buyers, Interest Rates, Moving House, Refinancing | November 30th, 2009 No Comments » Tags: Fixed Rate, Home Loans, Interest Rates, Lender
