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 […]
Lender’s mortgage insurance (LMI) is an insurance that is taken out by the lender to protect them in case the borrower can’t repay the loan. If the borrower is unable to repay the loan, the insurance company will take over and will be responsible for selling and defaulting the loan. It is required in many
Bottom line: it’s about saving money – because you may access a lower interest rate. It’s a competitive home loan market out there – and better options can be found. A lower rate offers potential savings of thousands in interest repayments. The ACCC (Australian Competition and Consumer Commission) reports the average borrower could save $17,000
Okay, yes, a renovation can be a potentially big strain on your collective time and money. But at OzBroker, we can provide the expert financial advice that’ll help minimise your stress. Here are five options that will make life easier when it comes to the ultimate home makeover. 1. Home equity loan This is one
Five ways to fund your finances – as you transform your home ! Read More »
You likely know, if you’re involved in property investment, that you’ll be required to pay capital gains tax (CGT). Yes, it’s a familiar piece of jargon – but the details of the tax, and the way it works, might not be fully understood by everyone. So we thought we’d put together a little guide to
An interest-only home loan can be a great choice for financing a property. For one thing, the prospect of lower repayments for at least a certain timeframe is a big positive. But it’s worth bearing in mind that along with the potential plusses, they can have drawbacks. And as with any financial commitment, it’s important to
If you’re looking to move house, you’ve probably heard of the term “bridging finance”. But what is a bridging loan, and how does it work? Imagine the scenario: after months of scouring the real estate market, you’ve finally found the perfect home at a price you’re happy with and want to snap it up before
There’s good and bad news for prospective first home buyers right now. According to CoreLogic data, borrowing costs at record lows are giving owner-occupiers more muscle at minimal cost – as a result driving up prices of the most expensive properties. We’ve seen homes priced in the top 25 per cent rise by 4.1 percent
Market Trends: What First Home Buyers Need To Know Read More »
Need to save your home loan funds? Being mortgage-savvy could possibly save you a considerable amount over your loan life. Buying a house is one of the most thrilling – and expensive – things you ‘re ever likely to do. But when it comes to your repayments, set the feeling aside, because we’re about to
Buying a home is a major decision-committing to repaying a huge mortgage over a long period of time is also involved. The precise amount of this debt depends on how much the bank borrows. And that amount, in the end, is limited to how much they believe you can repay. These tools are useful because
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