The Australian Prudential Regulation Authority (APRA) has taken its first step in addressing the risks of ballooning debt by ordering banks to use higher interest rates when assessing mortgage applications. Read more.
Banks and other financial institutions offer a wide range of business finance options, from commercial property loans, commercial vehicle leases, and commercial and equipment leases to more straightforward options such as letters of credit, overdrafts and lines of credit. Here are some tips on how to improve your chances of success.
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Is your current mortgage helping you meet your financial goals? Australian borrowers might be missing out on good refinancing deals by not reviewing their current home loans.
For borrowers who might feel like their current mortgage has already lost its competitive edge, refinancing is the way to go.
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By Mark Rosanes for Your Mortgage
Selling a home involves a lot of expenses that can be easily overlooked, especially if you’re too caught up in the imminent cash windfall that can come after accepting a buyer’s offer.
But overlooking the costs of selling could come back to bite you, as the costs can easily amount to several thousand dollars.
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By Johnson Damian for Your Mortgage
Buying a house will probably be the single most expensive investment that you will ever make, so it’s not surprising that mortgages often take decades to pay off. But if you’re smart about your finances, you can pay off this debt sooner and give yourself room to prepare for your next big purchase or investment.
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The Australian government’s Family Home Guarantee Scheme aims to support Australian single parents in securing a home loan.
This article takes a look at the steps in applying for the single parent home loan scheme and some frequently asked questions from potential borrowers.
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by Mike Wood for Australian Broker
Investment in property in Australia is one of the biggest no-brainers in the current marketplace. In terms of capital growth, it might not have the speed of crypto or stocks, but in terms of delivering consistent results over time, real estate is as good an option as there is to be found.
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The array of mortgages available helps a good finance broker to tailor a package to suit your needs. Read the MFAA blog post and find out some of the options.
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Written by Mark Rosanes for Your Mortgage
Despite soaring property prices, many aspiring homeowners still believe that the conditions are right to purchase a house. A raft of government grants and record-low interest rates have opened opportunities for many first home buyers to get on the property ladder.
However, purchasing a home requires careful planning and preparation. So, how do you know if you are ready to venture into homeownership? Read the article by Mark Rosanes and find out some tell-tale signs.
Many investors consider real estate as an attractive investment option because of the potential benefits the market can provide. If done right, investing in property can be an effective way to build wealth and secure your financial future. However, careful planning and unyielding commitment are also needed to succeed in this kind of financial endeavour.
If you are planning to buy an investment property, there are several factors you need to consider.
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Buying a home is one of the most significant financial decisions you will ever make – and for investments of this magnitude, it is often easy to second-guess yourself.
But you are not alone – a 2019 survey by US real estate marketplace Zillow has found that about three-fourths, or 72%, of homeowners, have at least one regret about the house they bought.
According to the survey, here is a list of some of the most common regrets that homeowners have after purchasing their homes.
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Paying off multiple debts at once can be very stressful – and if these debts are not managed properly, they can end up costing you more and dragging you further into debt. If you find yourself having difficulty juggling your debts, consolidating them into a single loan may help manage your repayments.
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Australia implements one of the friendliest real estate tax laws in the world, providing property owners with a range of tax deductions that can sometimes spell the difference between negative gearing and positive cash flow.
And if you own a rental property, you may be eligible for a myriad of tax benefits that can boost your capital. However, tax deductions vary from property to property, which can sometimes leave landlords confused about what they can claim.
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When was the last time you looked closely at your loan, the progress you are making on paying it off and how it compares to others in the market? Analysing your mortgage could mean savings for you, as well as the opportunity to pay it off more quickly, invest in other assets or reach financial freedom sooner.
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Entering the property market is no easy feat for a first home buyer, but even parents who aren’t prepared to hand over cash for a deposit may help by being a guarantor on a loan. Before taking the plunge, however, it’s crucial to be aware of the implications involved.
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One of the first choices you need to make once you decide to get on the property ladder is whether to purchase an established home or build a new one. Both options offer their share of benefits and the answer to which one is best depends on what your priorities are.
So, which method best fits your lifestyle and financial situation? Let’s dig deeper.
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One of the most important things to consider when buying a house is how much mortgage you can reasonably afford to pay off. This is because knowing how much you can allocate to your monthly repayments very often spells the difference between living comfortably and struggling to make ends meet.
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Should you buy a home and reap the sense of security that comes with it? Or should you continue renting and enjoy the flexibility it provides? The decision should boil down to what suits you best personally and financially.
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Many housing experts believe that the current economic conditions have created a unique opportunity for aspiring homeowners to get on the property ladder. But how can you tell if a certain home loan fits your needs and financial situation? The answer depends on several factors.
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Considering transforming your home from ‘banal’ to ‘brilliant’, but lack the funds to support your makeover? Never fear, we’ve rounded up five home renovation finance options that could help turn your dream into reality.
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