Refinancing
Wednesday, February 23rd, 2011
Speaking this week with Resi’s lending specialist for the Campbelltown and Macarthur region, Frank Nesci, there was certainly some information worth sharing in relation to what’s happening in his local area. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Refinancing | February 23rd, 2011 No Comments » Tags: Home Loans; Budget; Affordability; First Home Buyers; Investment
Friday, November 26th, 2010
With yet another official rate announcement expected in just over a week to cap off the year, there are some sectors of the market with an obvious case of the rate wobbles.
This condition is characterised by the following symptoms: (more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Moving House, Refinancing, Uncategorized | November 26th, 2010 No Comments » Tags: First Home Buyers, Fixed Rate, Home Loan, home loan rate, Home Loans, Interest Rates, Mortgage, mortgage rate, Property Market, rate rise, RBA, standard variable rate, Variable loan, variable rate
Friday, November 12th, 2010
“Should I stay or should I go?” famously sang The Clash for the first time back in 1982.
And ironically this was the year before the banking industry in Australia was deregulated and the mortgage sector then opened up to allow borrowers access to a much more competitive market.
After 1983, borrowers indeed found themselves asking should we stay with what we know, or should we look elsewhere. And now, here are borrowers more than twenty years on, once again asking themselves the same question. (more…)
Posted in Home Loan Tips, Interest Rates, Refinancing | November 12th, 2010 No Comments » Tags: Interest Rates, non-bank lenders, rate rise
Tuesday, October 19th, 2010
If you’re a first home buyer or looking to refinance, as with choosing the perfect partner, choosing the best rate for you is really about finding your ideal type.
So what type of loan structure is right for you – right now? (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Interest Rates, Refinancing | October 19th, 2010 No Comments » Tags: Calculators, capped interest rate, Comparison rate, First Home Buyers, First Home Savers Account, Fixed Rate, Home Loan, home loan interest rate, home loan rate, Home Loans, honeymoon interest rate, honeymoon rate, Interest Rates, introductory interest rate, Invest, Mortgage, mortgage rate, rate rise, standard variable rate, tracking interest rate, Variable loan, variable rate
Thursday, October 7th, 2010
“We need to move – this house is too small / needs too much work / doesn’t suit our lifestyle anymore/ isn’t in the right location.”
Whatever the reason you decide you want to up sticks and move houses, you would do well to remind yourself that the cost to move homes doesn’t simply start and finish with the difference it may have cost you to upgrade to new digs. (more…)
Posted in Moving House, Property and Tax, Refinancing | October 7th, 2010 No Comments » Tags: affordability, Budget, Calculators, Home Loans, Interest Rates, Mortgage, Move House, Property Market, Refinance, Renovation, Spending, Stamp Duty
Tuesday, October 5th, 2010
You’re about to borrow a significant sum of money for a property – probably the most you’ll ever borrow from anyone.
So stop now and ask yourself, have you taken the time to do some homework and find out more about who’s actually going to lend you that money? Because if you haven’t yet considered this, there’s no better time than now to find out why its so important. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Refinancing | October 5th, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, First Home Savers Account, Home Loan, Home Loans, Invest, Lender, Mortgage, non-bank lenders, Property, Refinance, Upgrade, Variable loan, variable rate
Tuesday, September 14th, 2010
There’s been so much talk lately of people looking to refinance that it’s a good time to remind you what your parents would always say to you – if a deal seems too good to be true, it probably is. (more…)
Posted in Refinancing | September 14th, 2010 No Comments » Tags: Interest Rates, non-bank lenders, Refinance
Wednesday, June 16th, 2010
Ever wondered what life is like outside the Big Banks? Ever seen ads for small home loan lenders with crazy low rates and thought it’s just too good to be true?
Check out how much you can save with Resi on the Mozo website. http://bit.ly/cjo5R2
Posted in Home Loan Tips, Interest Rates, Refinancing | June 16th, 2010 No Comments » Tags: affordability, Home Loan, Home Loans, Interest Rates, non-bank lenders
Friday, May 14th, 2010
In comparison to income growth, the escalation of household debt over the past 30 years has reached substantial levels. According to the ABS, the last 18 years have seen the total amount of debt owned by Australian households to rise by almost six-fold.
These figures are not aided by the high interest repayments of credit cards of between 15-10 percent and personal loans having an average rate of 10 percent. The burden of struggling to meet interest rate repayments can become overwhelming so the concept of consolidating these debts into your mortgage, where rates are around 7 percent, turns into a favourable option. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Interest Rates, Refinancing | May 14th, 2010 1 Comment » Tags: Credit Cards, Debt Consolidation, Home Loan, Home Loans, Interest Rates, rate rise, Variable loan, variable rate
Tuesday, May 4th, 2010
The rising rate environment is leaving some heavily mortgaged borrowers – particularly those with more than an average $300,000 loan – scrambling to find ways to fund the significant increases in monthly repayments that have occurred since October last year.
With the announcement of a sixth rate rise by the Reserve Bank, these borrowers will be forced to look outside the square for ways to fund the increase in their mortgage repayments and will have to assess all aspects of their lifestyle and spending habits. (more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Refinancing | May 4th, 2010 4 Comments » Tags: affordability, Comparison rate, Equity, First Home Buyers, Home Loan, Home Loans, rate rise, Refinance, Variable loan, variable rate
