Home Loan
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
Tuesday, October 12th, 2010
In the midst of planned or unplanned changes to your personal circumstances there is still the issue of finances and often your mortgage to consider. But with some careful thought, there are strategies you can apply to ensure you keep in control of your financial situation, so it doesn’t end up controlling you. (more…)
Posted in Home Loan Tips | October 12th, 2010 1 Comment » Tags: Budget, Home Loan, Home Loans, Move House, Rent, Saving, Spending, Variable loan
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
Thursday, September 30th, 2010
Julia, Julie, Kristina, Anna, Quentin – and no doubt there’s more to come.
In case you haven’t noticed – there’s a pattern emerging in the world of business and politics where women are slowly, but surely, starting to take centre stage.
And that pattern has also transcended into the world of finance in terms of women empowering themselves in the ways of the property market. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips | September 30th, 2010 No Comments » Tags: Budget, Debt, Equity, First Home Buyers, Home Loan, Home Loans, Interest Rates, Mortgage, non-bank lenders, Property, Property Market, Variable loan, variable rate
Monday, July 5th, 2010
It shouldn’t be a surprise for borrowers if another rate rise is announced, whether it’s tomorrow or sometime in the coming months at another Reserve Bank meeting.
What is a surprise however is that there are still some borrowers ill-prepared for the almost inevitable rise in their mortgage repayments and who are either praying for a miracle – or hoping something, or someone, will come along to save them from financial redress. And that’s no way to manage your finances.
(more…)
Posted in Home Loan Tips, Interest Rates | July 5th, 2010 No Comments » Tags: Home Loan, Home Loans, Interest Rates, rate rise
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, June 4th, 2010
The property market has remained strong for the past 12 months, but now amid concerns of rising interest rates and threats of a global economic slowdown – property buyers are holding back.
While auctions account for less than a quarter of all dwelling transactions nationally, Cameron Kusher, senior research analyst at Rpdata.com says, “auction clearance rates provide an excellent indication of current market sentiment; the results are more timely than private treaty results which are subject to time lags.” (more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Moving House | June 4th, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, Home Loan, Home Loans, Move House, Property, Property Market, Upgrade
Friday, May 28th, 2010
“If you don’t get in now, you never will”. It’s a phrase being repeated a lot these days, especially amongst first home buyers. But the reality is housing affordability is going down with rising house prices. This isn’t helped with all the panic buying that’s going on.
How are first home buyers meant to break into the market when the walls are too high to climb? Is the first home savers account enough of a push to encourage a solid savings base and reduce the affordability gap?
There has also been pressure placed on banks to recognize rent as a form of ‘genuine’ savings. If borrowers could use rental repayments as evidence of genuine savings then more first home buyers would be able to enter the property market.
Currently no lender recognises rent repayments as a component of genuine savings.
Are interest rates the worst enemy for first home buyers or is it the deposit for a first home?
We want to hear your thoughts.
Posted in First Time Buyers, Interest Rates | May 28th, 2010 6 Comments » Tags: affordability, Budget, First Home Buyers, First Home Savers Account, Home Loan, Home Loans, Interest Rates, Mortgage, Property Market
Tuesday, May 18th, 2010
Concerns from first home buyers about the First Home Saver Account scheme have been answered in the recent release of 2010 budget. Treasurer Wayne Swan has announced an introduction of greater flexibility in the scheme which has been the primary reason for first home buyers not investing their time and money into the account. (more…)
Posted in First Time Buyers | May 18th, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, First Home Savers Account, Home Loan, Home Loans, Mortgage, Property, Variable loan, variable rate
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
