Mortgage Basics

The High-Stakes Game of Auctions: Safeguarding Your Home Deposit

The Allure and the Risk Property auctions offer an exhilarating experience with fast-paced bidding, a competitive atmosphere, and the dream of finding your perfect home. However, diving into an auction without proper preparation can lead to disastrous consequences, including the loss of your home deposit. The Importance of Pre-Approval Securing pre-approval for a home loan […]

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The 20% Deposit Benchmark: Understanding Its Role in Your Home Purchase

Embarking on the path to homeownership, you might wonder about the significance of the deposit. Common wisdom suggests aiming for 20%, but with OzBroker by your side, you’ll understand that this figure is a guideline, not a gatekeeper. Let’s explore the nuances of deposit size, the role of Lenders Mortgage Insurance (LMI), and how OzBroker

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The Best Ways to Finance Your Business: Loans or Lines of Credit? OzBroker Has the Answers

Hey business owners, are you looking for some extra cash to grow your business or just to keep things running smoothly? Maybe you’re even considering buying a home and wondering how that would look given your business needs. Well, we’ve got some options to help you out. Here at OzBroker, we help small business owners

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Understanding Pre-Approval in Mortgage Financing

What Does Pre-Approval Mean? Pre-approval is a lender’s preliminary confirmation that they will approve your home loan once you locate the right property. Other names for this include conditional approval, indicative approval, or home seeker, with the terminology varying by the bank. In essence, pre-approval signifies a bank’s commitment to lend you a specific sum,

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Understanding Lenders Mortgage Insurance (LMI): Your Comprehensive Guide

Buying a house is an exciting venture, but it comes with financial complexities. One such aspect that often puzzles prospective homeowners is Lenders Mortgage Insurance (LMI). In this blog post, we’ll take a deep dive into what LMI is, why it’s needed, its benefits, and the potential downsides. What is Lenders Mortgage Insurance (LMI)? LMI

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Navigating the Property Market in Australia: A Mortgage Broker’s Guide

Australia’s property market is diverse, dynamic, and can sometimes be daunting for both first-time buyers and seasoned investors. As a mortgage broker with years of experience in the Australian real estate landscape, I’ve witnessed the ebbs and flows of the market and have helped countless clients navigate its complexities. In this guide, I’ll share insights,

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