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
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
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
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
Homeownership is a dream for many adults. But more than this, it’s a need. A roof over one’s head means security. As exciting and reassuring as that idea may be, owning a house is not easy. If you have a plan to purchase any time
If you’re an aspiring property investor in Australia, chances are you’ve encountered the concept of “rentvesting.” This forward-thinking approach has surged in popularity over the past few years, enabling individuals to delve into the real estate market while maintaining their desired lifestyle and safeguarding their
Understanding Pre-Approval Getting pre-approved on a loan increases your chance of getting your desired home. How? Read on to find out. A pre-approval is also called approval in principle. It expresses how likely a lender you have submitted an application to is to approve the
Understanding the distinction between bank valuations and market valuations is essential for property buyers as it can often be confusing. There are two different types of valuations that can determine the value of a property. Aa. property investor or homebuyer, important to grasp their differences.
A lot of people aspire to get into the property market, but obviously, it’s not easy. Otherwise, every Australian would be owning a rental home by now, given the great returns the property market offers. One thing that hinders people is, first, the problem with
The RBA has just lifted the cash rate again this June following the recent hike in May. The target cash rate today is.85%. The official cash rate is at 75 basis points up from the rate the country enjoyed since late 2020. Banks have followed
What is LVR? LVR is one of the staple terms in the world of loans, banking, and brokerage. LVR simply stands for loan-to-value ratio, or sometimes, people would call it LTV. It pertains to the amount you borrow against the value of the property. This
The most typical form of property investment is direct ownership. This is when you take out a home loan to buy a house and then rent it out. When the loan is settled, you will get the house title. You get a bunch of benefits