Can I Use My Rental History To Get A Home Loan?

personOtto Dargan access_timeMay 5, 2015

It’s becoming more expensive than ever to rent a place in Australia and the cost is only set to rise, Anglicare Australia’s latest rental affordability snapshot has found. In its annual study, Anglicare looked into 65,614 properties in Australia and found that rent has risen...

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11 Reasons Your Home Loan May Be Declined

personOtto Dargan access_timeFebruary 26, 2015

Has your home loan application ever been knocked back by a bank? Many lenders in Australia are quite strict when it comes to allowing people to borrow money for a home and chances are one of these 11 reasons will be the basis for why your application is knocked back. Keep in...

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3 Ways To Reduce LMI On A Home Loan

personOtto Dargan access_timeFebruary 18, 2015

Unless you’re a specific type of doctor, accountant, lawyer, engineer or other professional, you’ll have to pay Lenders Mortgage Insurance (LMI) when borrowing more the 80% of the property value. Having a Loan to Value Ratio (LVR) of more than 80% is a huge risk for the banks...

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8 Tricks To Save For A Home Loan

personOtto Dargan access_timeFebruary 12, 2015

Let’s face it, having a regular savings plan was a lot easier when you were younger: you might have been earning a lot less but you didn’t have to keep up with things like rent and bills. You’re probably earning a higher wage now but with property prices continuing to...

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Can You Reduce Or Avoid LMI?

personOtto Dargan access_timeJanuary 12, 2015

LMI is a one off fee payable when borrowing more than 80% of the property value. On top of that, it only protects the bank, not you, if you default on your mortgage. It can also be majorly expensive, which kind of sucks! To put the cost into perspective, if you borrowed $510,000...

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How Do Guarantor Home Loans Work?

personOtto Dargan access_timeNovember 16, 2014

Are you struggling to save up enough for a deposit to buy a home? According to the RP Data-Rismark Home Value Index (May 2012-June 2014), the past two years has seen average capital city house prices rise by around 16 per cent. That’s great if you’re an investor. For first...

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Australian House Prices In 10 Years

personOtto Dargan access_timeNovember 10, 2014

Be prepared! If you missed it, we recently gave you a prediction of what a house in Sydney may be worth in the next 50 years and believe us, we’re not trying to scare you. We just want potential home buyers to be prepared for the Sydney of the future, a property market that...

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Home Buyers Love Guarantor Home Loans

personOtto Dargan access_timeNovember 6, 2014

Are you tired of living at home or renting? Are you struggling to save up enough for a deposit on a home? A guarantor home loan is still the best way to get a home loan with no deposit. With property prices set to continue their march for most Australian capital cities over the...

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Top 5 Reasons Singles Can’t Get A Home Loan

personOtto Dargan access_timeOctober 30, 2014

Getting approved can be hard if you’re single! So, your single, happy and lookin’ to buy your own place. Easy, right? Apart from putting the deposit together to buy in the current market, getting approved for a home loan is a lot harder if you’re single. Really. Most...

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Sydney Property Prediction: $48.5m By 2064!

personOtto Dargan access_timeOctober 24, 2014

Sydney property prices to soar?! Could a house in Sydney be worth $48.5 million by 2064? Please think of the children! Sydney has long been the biggest culprit of bloated property prices, but trying to predict what the market will do in the next 12 months, let alone the next...

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