5 Ways to Pay Off Your Mortgage Sooner
When buying a home, to live in or as an investment, most people will have the goal of eventually paying it off.
A 30-year loan might seem like a long time to be making repayments, but you won’t be stuck paying interest if you’re able to pay it off sooner.
Here are five ways to help achieve that that.
How To Reduce Lenders Mortgage Insurance (LMI)
Lenders Mortgage Insurance can be a great tool to help homebuyers get into a property that they otherwise might not be able to afford. However, it comes with a cost.
4 Things to Consider Before Fixing Your Interest Rate
With interest rates at record low levels, many homeowners are considering the possibility of fixing their interest rate on the home loan.
Before going down this path it’s important to ask some key questions and decide whether this is the right option for you.
What’s a Serviceability Buffer and How Will It Impact Your Ability to Borrow?
Over the past few months, we’ve been hearing more about serviceability buffers and how they might impact home buyers’ ability to borrow.
However, many people don’t understand what a serviceability buffer is and how it works.
5 Ways to Save Money on Your Home Loan
One of the most common new year’s resolutions is to try and save money. One of the easiest ways to save money is to take a look at your home loan and find some creative ways to cut down on your repayments. Fortunately, there are a number of different things you can do with your home loan to reduce your ongoing monthly repayments.
Simple Renovations for Summer
Summer is a great time of year to do a few jobs around the house. It’s also a good time to start planning ways to build some equity in your home with a simple renovation. Here are some strategies that can quickly build equity with a small renovation or even just a touch-up.
How does a bank valuation impact borrowing?
When you purchase a property with finance, the lender will typically order a bank valuation to help them ascertain the loan to value ratio (LVR) of your home loan. For new home buyers, this might be something that you’ve never thought about before, but the outcome of the bank valuation could have big implications for your home loan.
How to Buy a Home at Auction
One of the key differences between buying at auction or buying using a private treaty is that a sale at auction is unconditional. That means, as a buyer, you’re not able to add conditions such as subject to finance or subject to a building and pest inspection. Therefore, you need to be prepared and organised when the time comes to make a bid at auction.
Here are some things you should do to best prepare when a house you want goes under the hammer.