Mum And Dad Have Lent $65b To Their Kids
Around 30% of first home buyers using the “Bank of Mum and Dad” Outside of the top 4 banks, your mum and dad are the biggest lenders in Australia. It’s true! According to a new survey from comparison website Mozo, more parents than ever are helping their...
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bookmarkTags: Deposit, First home Buyer, Home Loan, No deposit Home Loan
Major Lender Stops Investment Loans
Should investors be afraid? One of Australia’s largest non-banks, Heritage Bank, announced today that it would no longer be accepting new investment loan applications, effective immediately. So what does it mean if you already have an investment loan with Heritage? Will...
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bookmarkTags: Investment, Investors
Why Do British Expats Struggle To Get A UK Mortgage?
This article is for British expats living in Australia who need a mortgage to buy property in the UK. It was written by cherryfinance.co.uk , one of the UK’s leading specialist mortgage brokers and is an expert in helping British expats secure a mortgage. If you are...
Read morefolderCategory: Overseas Borrowers
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7 Tips For Overseas Residents Borrowing In Australia
The past two years has seen a lot of change in non-resident lending policies and the Australian property market in general. For foreigners and even Aussies who have been living abroad for a while, it can be overwhelming trying to avoid the traps that overseas borrowers are now...
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bookmarkTags: Non-Resident
Aussie Expats Can Beat The Investment Loan Hike
Are you an Aussie expat that has been abroad for a while? You may not have heard about the increases to investment loan interest rates! Throw into the mix the lending restrictions affecting all non-residents and you may be wondering what you can do to avoid these high costs. Read...
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bookmarkTags: expat, Investment, Investors
What Happened To My Home Loan Rate?
Some major lenders have reduced home loan rates on variable rate home loans and hiked investment loans but it’s not all bad news for investors! How much your monthly repayments will change will depend on the lender you’re with and the type of mortgage that you...
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bookmarkTags: Home Loan, Interest Rates, Investment, Investors, Mortgage
Government Abolishes 457 Visas
Can I still buy a property in Australia? Late yesterday, the Turnbull Government announced that it would be axing 457 visas, a scheme that has been around for over 20 years. The current scheme has instead been replaced with two new temporary visas, each with stricter eligibility...
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bookmarkTags: 457 Visa, Government, Mortgage, News, Non-Resident
Will A Default Stop Me From Getting A Home Loan?
Have you ever been late with an electricity, mobile or credit card bill? There’s plenty of people who have and it’s not usually a big problem unless the debt is for more than $150 and you’re more than 60 days late in paying it. At this point, you’ll have a default...
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bookmarkTags: Arrears, Bad credit, Credit, Credit advisor, Credit file, Credit repair, Default, Home Loan, Mortgage
Ask Our Brokers A Question After Hours
Need a home loan but not sure where to start? Have a question about the home buying process? Maybe you just want to get an idea if you qualify. At Home Loan Experts, we understand that you have busy lives so you’re not always able to call our 1300 889 743 number during...
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bookmarkTags: First home Buyer, Home Loan, Mortgage, Mortgage Broker
How Do Sharia Compliant Home Loans Work?
According to Australia’s most recent census, the Muslim population in Australia has reached more than 476,291, a drop in the ocean compared to our total population (2% to be exact). Despite this, the majority of Muslims follow sharia (shari’ah) law, meaning there are...
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bookmarkTags: Home Loan, Islamic Banking, Mortgage, Shari'ah, Sharia-Compliant
