The application procedure for a house loan can be lengthy and complicated. People often don’t know where to begin when applying for a mortgage because there are so many steps involved. 1. Consult a mortgage broker. The easiest way to find out if you qualify for a home loan is to speak with a mortgage […]
The advantages that accompany purchasing a home make it all beneficial in the long term. Here are the top 5 reasons why: 1. You’ll acquire equity. Your equity is the portion of the property’s value that you own. It increases in value when the market value of your home rises. When you own a house,
1. Make timely payments on existing debts or loan A solid credit score can be maintained by a track record of regular and timely payments. Positive data (such as timely repayments on credit or loan products) can now be included on credit reports, thanks to the introduction of complete or ‘positive’ credit reporting. On the
Being in debt isn’t as bad as people painted it to be. Having debt can be useful. Your credit history is determined by how effectively you manage your debt, which is the most important aspect that allows you to buy big purchases like cars or houses. When it comes to debt, a basic rule to
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You might think it’s impossible to get a home loan when you’re a casual – but not so! Still, unfortunately, it’s true – a lot of lenders will baulk at requests from these types of workers due to the perceived risks compared to permanent employees. Nevertheless, we’re going to run through some ways to get
The joy of becoming pregnant is no reason to put the joy of buying a home on hold! There are, for example, actually maternity home loan options out there expressly designed for people in this position. Here’s some tips for applying for a loan when pregnant – so you can expect a great offer when
How to get a home loan while you’re on maternity leave Read More »
Are you feeling ready to get into the property market? Want to make an investment that could help set you up for life? Well, it’s a smart idea. If you plan things properly – scoping out the right property and financing – you’ll enjoy an appreciation in value on those assets, while also benefiting from
An “Interest Only In Advance Home Loan” lets you pre-pay the following year’s interest. That means you can claim it as a tax deduction for the current tax period – thereby receiving some of the interest back. For those property investors out there who want to know more about this opportunity, we’re going to run
What is an “Interest Only In Advance” Home Loan? Read More »
Basically this is when the interest rate you applied for is literally locked in prior to settlement. Why is this potentially important? Because it is quite common for you to suddenly find that your home loan deal becomes not-so-great when your interest rates go up before your loan is advanced. How does rate lock
Things can change over time – and your home loan may not always be as ideal for you as it once was. Getting a home loan health check can show, for example, if you’re currently paying too much. What happens in a health check? Your finance broker can run you through a check either in
