#AskABroker: How Can I Maximise My Borrowing Capacity After Constant Rate Rises?
Hello! I’m Steven Chan, a mortgage broker at Home Loan Experts. If you’re concerned about how the recent interest rate hikes might affect your plans to get a home loan, you’re definitely not alone. I’ve helped many clients who were in the same boat. ...
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bookmarkTags: borrowing capacity, Borrowing power, borrowing power calculator, maximising borrowing power
Help To Buy To Start In 2024
Prime Minister Anthony Albanese has confirmed that the Labor Party’s Help to Buy Scheme is scheduled to commence in 2024. This announcement was made during the Labor Party’s National Conference, where all states and territories reached a consensus to advance the necessary...
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bookmarkTags: government scheme, Help To Buy
#AskABroker: How Can I Make Saving For A Home Deposit Less Challenging?
Hi, I’m Steven Chan, one of the many trusted mortgage brokers at Home Loan Experts. Are you tirelessly saving, cutting back on daily pleasures, and still feeling like the dream of homeownership is forever out of reach? It’s a common feeling. A recent survey by Canstar...
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bookmarkTags: Guarantor Home Loan, Home Guarantee Scheme, home loan deposit, low deposit home loan, No deposit Home Loan
When Will Interest Rates Go Down?
As the Reserve Bank of Australia (RBA) works to control rising prices, many people ask: When will interest rates go down? To help answer this question, Home Loan Experts CEO Alan Hemmings shares insights that mix careful thinking with hopeful expectations about interest rates. Expert...
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bookmarkTags: big four, cash rate, Inflation, interest rate, Predictions
Taming The Housing Crisis: Availability And Affordability Tips 2023
As of 2023, CoreLogic reports the median house price in Australia’s combined capital cities has hit $882,006. What about city apartments? They come with a median price tag of $629,862. And for those seeking a home beyond the cityscape, in the regional areas, the median...
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Breaking Down The Award Wage Increase By Fair Work Commission
The Fair Work Commission (FWC) recently unveiled a 5.75% increase in award minimum wages and a new national minimum wage of $23.23 per hour (up from $21.28 per hour), starting from 1 July 2023. This news is a welcome change for low-paid workers who have been grappling with...
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bookmarkTags: Experts insights, first home loan deposit scheme, Government, minimum wage rate
Escape The Rate Hike Trap: Unveiling The True Cost After Your Fixed Rate Ends
The fixed-rate cliff is here. Most fixed-rate home loan terms will end between June and September 2023. Many people got a low fixed rate for two years when the cash rate was at its emergency low of 0.10% between November 2020 and April 2022. Now those terms are near their end. The...
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bookmarkTags: Fixed Rate, mortgage cliff
The Silver Lining Of The Australian Rental Shortage For Investors
So, you’re probably wondering what’s going on. There aren’t enough rental homes in Australia to go around. For anyone searching for a new place to live, it feels like trying to find a needle in a haystack. And that’s tough, no doubt about it. But now,...
Read morefolderCategory: Investment Loans, Property Market
bookmarkTags: Australian Rental Market, Property Investment, Property Investors
Lower Serviceability Buffers Offer A Path To Refinancing
Exciting news for homeowners struggling to refinance: The major banks in Australia have taken a step towards easing the burden by lowering their serviceability buffers. This means that if you meet the eligibility criteria, you can benefit from these revised assessment rates. Which...
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bookmarkTags: buffer rate, cba, NAB, Refinance, serviceability buffer, Westpac
First Home Guarantee Vs Guarantor Home Loan
As a first-home buyer, there are many options available to help you get your dream home, so making the right choice can be difficult. In this article, we’ll explore two of the most popular options available for first-home buyers: The First Home Guarantee Guarantor...
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bookmarkTags: First home Buyer, First Home Guarantee, Guarantor Home Loan