Home Loan Articles
Pros And Cons Of Interest Rate Drop
On November 3rd, the Reserve Bank of Australia (RBA) announced a record low interest rate cut that reduced the cash rate to an unprecedented 0.10 per cent. A rate cut can prove beneficial with home financing, but the impact depends on what type of mortgage the client has,...
Read morefolderCategory: Home Loan Articles
bookmarkTags: fixed or variable, interest rate drop, RBA rate cut
NSW Stamp Duty Changes: What Are The Benefits?
We have updated information regarding the NSW Stamp Duty reform here. close The New South Wales government is proposing to abolish stamp duty as part of its 2020-21 budget announcement on 17 November 2020. Instead of paying stamp duty upfront,...
Read morefolderCategory: First Home Buyers, News
bookmarkTags: first home buyers, home buyers, NSW, Stamp Duty
Why You Shouldn’t Let The Pandemic Put Your Plans For Pre-approval On Hold
It’s hard to believe we’re in the middle of a pandemic with the Australian Bureau of Statistics (ABS) data shows that Australians secured $16.3 billion in owner-occupier loans in August 2020. This is a 13.6% increase in August, which is the largest rebound since...
Read morefolderCategory: Home Loan Articles
bookmarkTags: Home Loan, home loan pre-approval
Pros And Cons Of Refinancing Your Home Loan
According to CoreLogic’s early market indicators (as of 27 September 2020), refinancing mortgages rose 1.46% over the past week. Refinancing was up 22.11% year on year, compared to a 10.68% rise on mortgages for a new purchase. Source: CoreLogic’s Early Market Indicators...
Read morefolderCategory: Home Loan Articles
bookmarkTags: Refinance, refinance home loan
$1 LMI For First Home Buyers
error The $1 LMI campaign offered by banks has now concluded. Please visit Waived LMi Or No LMI to find out what offers are available. A non-major lender has announced that you’ll only need to pay $1 in Lenders Mortgage Insurance (LMI) if you’re borrowing 85% of...
Read morefolderCategory: First Home Buyers
bookmarkTags: First home Buyer, Lenders Mortgage Insurance
First Home Loan Deposit Scheme: How To Secure Your Spot?
It came as no surprise that first home buyers quickly snapped up all 10,000 places of the First Home Loan Deposit Scheme during the last financial year. Under the scheme, first home buyers with a 5% deposit saved anywhere between $10,000 and $30,000 in LMI fees based on the...
Read morefolderCategory: First Home Buyers, News
bookmarkTags: first home buyers, first home loan deposit scheme
Will Your Income Be Affected By The Coronavirus?
How will coronavirus affect employment? A long period of low unemployment has left many Australians unprepared for a period of reduced income. As social distancing, work from home and potentially lockdowns affect Australia it’s likely that many people will not be able...
Read morefolderCategory: Home Loan Articles
bookmarkTags: Bonus income, coronavirus
Tips For Business Owners During The Coronavirus Outbreak
Will your business be affected? The economic impact of the coronavirus could be as bad, or worse, than the Global Financial Crisis that occurred in 2008. What are the possible impacts? Supply chain disruption. Forced closure due to a lockdown, yet still being required...
Read morefolderCategory: Home Loan Articles
bookmarkTags: coronavirus
Buying A Property During The Coronavirus Outbreak
Buy now or wait? Nobody can be sure what will happen with the Australian property market in the next year. What is likely is that the coronavirus will have significant economic impacts that will affect almost every industry. In the past, where unemployment rates have increased...
Read morefolderCategory: Home Loan Articles
bookmarkTags: coronavirus, Property Buyers
Can I Refinance My Home Loan During The Coronavirus Outbreak?
It’s not just about health, the economy will suffer Governments around the world have been in a position to choose between the economy and health. Unfortunately, many have prioritised the economy and as a result, more drastic actions will need to be taken later. This...
Read morefolderCategory: Home Loan Articles
bookmarkTags: coronavirus, Refinance