How Can I Prevent Mortgage Stress? It’s not uncommon to feel a measure of finance-related stress from time to time. When you’re planning a costly event (such as a wedding), when you’ve just come back from a big holiday, when you’re working a little less than usual…these are all situations where you may feel some…
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What Does the Average Mortgage in Australia Look Like? Have you ever wondered how your mortgage compares to everyone else’s? Perhaps you’re currently looking to buy, and you’re interested to see how your borrowing capacity weighs up against the state average? Are you curious to know about the average Australian home loan? In this guide, you…
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What is Refinancing? At North Brisbane Home Loans, we are always happy to answer any questions you may have, and one we hear often is “What is Refinancing”? Put simply, refinancing is what we call replacing your old loan with a new one. In this blog, North Brisbane Home Loans founder and mortgage broker Pat…
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When it comes to choosing a home loan lender, it’s important to make a decision based on your personal circumstances. While friends, family and colleagues will offer all kinds of mortgage advice, the fact is their expertise will usually be limited to personal experience. So, how do you make a smart financial decision? Having the…
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If your New Years resolution for 2020 involved your finances, then you’re not alone. According to a survey by Finder, almost 25% of Australian’s plan to get out of debt this year. If you’re a homeowner, then the new year can be a fantastic time to review your current mortgage, and with three rate…
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Emergency services personnel sacrifice a lot for the sake of others. Police officers, firefighters, and emergency medical workers often work long hours, doing shift work and plenty of overtime, in roles that could put their health and safety at risk. It doesn’t seem fair that they should then be penalized when it comes to applying…
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Anyone working in the education sector in Australia is likely aware that finding the right home loan can come with unique challenges. Some teachers may be employed on a casual basis, meaning their earnings drop significantly during each school holiday period. Others will regularly receive overtime payments or a Higher Duties Allowance, which not all…
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With interest rates at all-time lows, you may now be considering whether or not you can afford to buy your own home. Taking out your first home loan is a big financial step and one that generally involves a lot of research, hope and (let’s be honest) mild anxiety. Not to mention all the “helpful”…
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In light of the recent Banking Royal Commission, many prospective borrowers have been left feeling uncertain about their chances of obtaining a mortgage or refinancing an existing loan. The banking world was certainly rocked by the Royal Commission inquiry, which ran from late 2017 through to early 2019. Throughout the whole duration, news outlets were…
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A new report released by the Australian Housing and Urban Research Institute (AHURI) has confirmed an alarming number of Australians are reaching retirement age while still burdened with a mortgage. The AHURI study found that during the last 30 years, home loan debt amongst over 55’s has increased by 600%! Many are now looking towards…
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