When done right, investing in property can help you build wealth for your future. In Australia, properties are currently a smart investment. Many people are enthusiastically jumping into the market to make the most of the current low-interest rates to make their first investment. But
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
If owning a house was easy, every adult in the country would be a homeowner now. However, the rising prices of properties in the market get in the way of every aspiring homeowner. Not only that, but the required deposit relative to income is also
When you take out a mortgage on your house, you do not exactly own the property yet. This is why mortgage payers have a goal to finish repaying their loans as soon as possible. After the last payment, the house is finally yours. On average,
Your home loan repayment probably takes up a chunk of your monthly expenses. Being one of your major investments, it’s only fitting that you grab any chance that you can to reduce the costs or take out any possible benefits from it. These two reasons
One of the most common questions many borrowers ask before they take out a loan is: “What is the maximum amount I can safely borrow?” In today’s market, understanding how banks assess your lending criteria could mean the difference between making your dream home a reality
“Finding the right home loan can be a lot like finding your one true love. There is many to choose from, but only a few suits your needs. Some will reject you, some you’ll dump after a while and some you’ll be stuck with for
One of the best features to consider when you take out a home loan or refinance is an offset account. It can help to lower your repayments and a way to help pay off your home loan faster.
For many first home buyers, getting a home loan with no deposit may sound like a dream come true – but is such an option available to the public?