Buying your first home is an exciting milestone, but it can also be a complex process, especially if you’re unfamiliar with the ins and outs of the Australian real estate market. To help you navigate this journey successfully, we’ve compiled a list of the most
Refinancing a loan is an attractive option when interest rates drop. A refinance allows you to obtain a new loan with a lower interest rate, which can save you money on monthly payments and over the long term. However, before refinancing, it’s important to understand
Purchasing a vacation home can be a dream come true, but it can also be expensive. If you’re struggling to keep up with the payments on your vacation home, refinancing might be a smart move. Here are some things to consider when deciding whether or
Taking out a home loan in Australia can be tedious and it’s partly because there are so many options. There are grants for first home buyers, multiple loan offers from different banks, different features per home loan, and so on. You can definitely navigate this
Purchasing a home may be a difficult and daunting process, especially if it’s your first one. Understanding your options, nevertheless, may aid in toning down the stress. The two most common ways to purchase your first house are through auctions or private agreements. Before choosing
Your credit score is one of the key foundations of your loan eligibility. Get to know more about it in this article. Formerly known as Veda Advantage, Equifax is the largest credit rating agency in Australia. It provides personal and business credit reports throughout the
Unless you have a pile of cash sitting somewhere waiting to be used, you’ll have to take out a home loan if you want to buy a house. However, there is more to home loans than what expecting homebuyers have in mind. Other than the
Property investing is a tool that a lot of people on the millionaires’ list use to build wealth. Ironically, only 20% of people living in Australia are property investors. The number goes smaller towards the lower age brackets. The reason behind this might be because
Buying your first home is a big step, and it’s important to make sure that you’re financially prepared before making this commitment. Here is a checklist to help you determine if you’re ready to take the plunge into homeownership. Check your credit score Your credit
The decision to upsize your family home is often years in the planning and part of your long-term wealth strategy, but sometimes life can spring the change on you. The work-from-home movement has encouraged many owners to seek more significant properties to take calls in
If you haven’t organised a loan pre-approval for your first home, then shopping for a house is like walking into a store without your credit card. When you find your ideal property, you won’t be able to move quickly because organising finances takes time. And
As the Reserve Bank of Australia (RBA) raises the rate yet again, homeowners with variable rate home loans are feeling the pinch. The increase in mortgage costs has put a strain on household budgets, particularly as many fixed-rate loans are expiring this year. If you
According to research conducted by Greater Bank, Australians are faced with a tough decision when it comes to selecting a lender, choosing between prioritising ethics or cost savings. The study found that a significant proportion of home loan borrowers, approximately 92%, would prefer to deal
Compared with cheap interest rates that Australians enjoyed in the middle of the Covid-19 lockdowns, interest rates are at a massive height today. Due to the imbalance that the pandemic brought on, the world is trying hard to recuperate, especially against the pains of soaring
If one rental property generates a positive cash flow, why not get another property to double the income? This is the idea behind stretching your property portfolio to its full potential. After all, having multiple properties is the end goal. Property investors have both short-