Westpac Puts The Brakes On SMSF Loans
Westpac, along with its subsidiaries St George, Bank of Melbourne and Bank SA, will stop offering SMSF loans from Tuesday 31 July 2018. What options are left to borrowers wanting to buy residential or commercial property for their self managed superannuation fund (SMSF)? Can...
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ABAs 2018: We Won!
Home Loan Experts has won ‘Social and Community Service Program of the Year’ and named a ‘Customer Service of the Year – Office (more than 5 brokers)’ finalist at the 2018 Australian Broking Awards. We are humbled to once again be recognised...
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Top 10 Biggest Home Buyer FAILS
Not having a deposit or a guarantor Not having any savings of your own to put towards the purchase is mistake number one. As a minimum, you should have at least 5% deposit of the property value which you’ve saved through regular deposits into a savings account over...
Read morefolderCategory: Home Loan Articles
bookmarkTags: First home Buyer
We’re A Finalist In The 2018 Australian Broking Awards!
It’s that time of the year again and Home Loan Experts is proud to announce that we’ve been named a finalist in five categories in the 2018 Australian Broking Awards (ABAs), including best customer service and major brokerage of the year. The ABAs are run by Australia’s...
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Home Buyers Snubbed In Budget 2018
With the Government promising a $2.2 billion surplus by 2020, Scott Morrison’s “Santa Claus” budget has mostly ignored home buyers trying to get into the market. There is some good news though, and investors can breathe a sigh of relief that negative gearing...
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bookmarkTags: First home Buyer, Government, Property Investment
Are Investment Loans Back In Favour?
A couple of months back, we talked about how lenders are requiring borrowers to provide more details around their living expenses and are less likely to offer interest only loans. The good news is that the Australian Prudential Regulation Authority (APRA) recently suggested...
Read morefolderCategory: Investment Loans
bookmarkTags: Investment, Investors, News
Is Your Builder Legit?
What every home builder should know It’s easy to get swept up in flashy pamphlets and portfolios that building companies market to would-be buyers. After all, you’re building your dream home. However, there are a few simple steps you should take when choosing...
Read morefolderCategory: Construction Loans
bookmarkTags: building, Construction, construction loan
Major Deposit Bond Provider Collapses
Avoid missing out on buying a property One of Australia’s largest deposit bond providers, Deposit Power, collapsed in March, leaving many borrowers in property purchase limbo. There is no telling how much of the original deposit guarantee will be paid to homebuyers...
Read morefolderCategory: No Deposit Home Loans
Genuine Savings Changes Huge Win For Home Buyers
One of the biggest barriers to buying a home is saving the deposit but recent changes to lending policies means it’s now easier to get a home loan if you don’t have genuine savings. That’s because Genworth, Australia’s largest Lenders Mortgage Insurance...
Read morefolderCategory: No Deposit Home Loans
bookmarkTags: Deposit, First home Buyer, genuine savings, no genuine savings
NAB Moves Closer To Comprehensive Credit Reporting
Borrowers will soon feel the power of positive credit reporting The National Australia Bank (NAB) is the first major Australian bank to begin using comprehensive credit reporting (CCR) but not just yet for home loan applications. Its system will be implemented for personal...
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bookmarkTags: Credit Checks, Credit Score, Home Loan
