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Are you a property investor? Check out the latest policies and policy changes that could impact you. Federal Treasurer Jim Chalmers has announced the Federal Budget 2023-24, which includes important updates for property investors and the housing market.
Published by MFAA
Knowing what your repayments will be each month can help you with budgeting and locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed rate loans before committing to one.
Article by Gerv Tacadena for Your Mortgage
The successive rate hikes last year have discouraged many first-home buyers from opening the property market doors — will it be the same this year?
First-home buyers must keep an eye out for changes in lending requirements and other market trends that will impact how to tackle their purchasing strategies this year.
By Gerv Tacadena for Your Mortgage
The surging inflation and rising interest rates will be making 2023 a challenging year to navigate for home loan borrowers.
The historic legislation enables first-home buyers to opt for a smaller annual tax instead of an upfront stamp duty.
Published by MFAA
Before you decide to purchase your first property, there are several things to consider, including your current personal circumstances and financial status. Read more.
Published by MFAA
Prospective home buyers use mortgage brokers to secure home loans because they expect brokers will save them money and assist them through the home loan application process.
If you decide a broker is for you, you’ll engage with them in several key stages throughout the application process and beyond. Read our blog post and learn more.
The property is a solid option if you’re looking for a stable and secure investment. Far less volatile than other investment strategies, investment property has the potential to deliver consistent rental returns for years to come. While you may start with a single property, careful consideration and management of your investments could see you grow this to a full and profitable portfolio with our help.
If you apply for a home loan, particularly if the loan is for more than 80% of a property’s value, you’ll more than likely have to prove to lenders that you have a satisfactory amount of savings. This is to demonstrate your ability to funnel a portion of your income into repayments.
Published by MFAA
Making extra repayments on your home loan can be a clever financial strategy. Investing your extra cash into your home can speed up your loan’s life cycle, with the added benefit of saving money in the long run. However, care must be taken to ensure that extra repayments are planned and the right type of loan taken out to allow for them.
By Gerv Tacadena for Your Mortgage
Mortgage borrowers will have to stretch their budgets over the next few months as the Reserve Bank of Australia continues its hike trend for the cash rate. The question is, how much could these rate increases add to mortgage repayments?
By Gerv Tacadena for Your Mortgage
With the apparent victory of the Australian Labor Party (ALP)’s Anthony Albanese as the 31st Prime Minister, learn what five key housing policies to be expected this year are.
So you’re thinking about starting your own self managed super fund. That’s great – but are you aware of what’s really involved?
If you set up a self-managed super fund (SMSF), you're in charge – you make the investment decisions for the fund and you're held responsible for complying with the super and tax laws. It's a major financial decision and you need to have the time and skills to do it.
Let’s take a quick look at a typical self-managed super fund.
Published by MFAA
You already know the importance of maintaining consistent cash flow. But did you know that your business’s assets can be the solution?
Read this blog post to find out more.
Published by MFAA
Read the blog post and learn some top ways you can control your spending to reach your savings goals so much quicker.
Published by MFAA
Some key reasons why prospective home buyers use mortgage brokers to secure home loans are that they expect brokers to save them money and assist them through the home loan application process.
If you decide a broker is for you, you’ll engage with them in several key stages throughout the application process and beyond. Read more.
Published by MFAA
With the RBA setting the official cash rate at all-time lows, it’s an excellent time to work out how this impacts the interest rate on your home loan and whether you are getting a good deal or not.
If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of friends may be a solution. It can also be a minefield though, so here’s how to avoid a blast. While the excitement of banding together in such a life-changing moment can put everyone on a bit of a high, you need to plan for situations in which things might go wrong.
Published by MFAA
If you’re self-employed, you may have found it challenging to get a traditional mortgage. Don’t despair. The low doc home loan has been designed specifically for the self-employed.
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.
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.
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.
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.
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.
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.
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.
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.
Looking to secure a home loan without the wait? The timeline between your initial contact with a broker and your loan approval can be unpredictable, but did you know that you can influence the speed of this process? Delays often occur due to a lender's assessment turnaround time, especially when they have attractive offerings that result in a high volume of applications. However, the most crucial factor affecting your loan approval speed is your level of preparation. In this blog post, we offer insider tips on accelerating your home loan approval process - from having all your financial documents ready to being completely transparent with your broker. Skip the waiting line and get the keys to your dream home faster. Read on to find out how.