Deferring your home loan during the 2020 recession Now that we’re officially in the midst of a recession, it’s been announced that mortgage deferral options have been extended until January 2021 for those still in financial distress. By the end of September, 393,000 mortgage deferrals across the country, worth $160 billion, were in place with…
Buying during a recession – is now the right time? While it’s been declared that we’re officially in a recession, many may be left wondering what this actually means, particularly when it comes time to purchase a property. In many areas, COVID-19 has knocked Australia’s residential property market. But is it as bad as it…
As we continue to battle the economic shock of COVID-19, we’re left wondering what impact this will have on the property market. The common predation is that house prices will go down but by how much? While everyone has a prediction, with some predicting house price falls of up to 40 per cent as worst-case…
Learn everything you need to know about the Federal Government Home Builders Grant here Taking on debt at a younger age to buy that new car or spending up on a credit card might seem like a good idea at the time. But it may come back to haunt you in the form of…
Tips On Paying Off Your Mortgage Faster There’s so much build-up to getting your first home loan, that we seem to forget about what comes next. If you already have a mortgage you might want to start thinking about how you can pay your loan off quicker. While a loan term with up to…
5 Tips For First Home Buyers As a first home buyer, applying for your first home loan is an exciting milestone, but one that can be quite daunting. Getting the right advice from the start is vitally important. That’s why we’ve put together some of our best 5 Tips For First Home Buyers to help…
If you’ve heard the term ‘comparison rate’ you might be wondering what it’s all about and how it differs from an interest rate often advertised by lenders.
A comparison rate is a rate that all lenders by law must display next to their advertised interest rates. It’s a rate which takes into account some of the fees and charges of a home loan to give you a more accurate representation of a loan’s interest rate once the costs are taken into account.
It’s the question on every homeowner’s lips at the moment – to fix or not to fix? With fixed-rate offers (as at 19/05/2020) starting from around 2.09 per cent, these are hands down the lowest interest rates Australia has ever seen. Some lenders are even offering rates for under 3 per cent for up to…
If you’ve found yourself in a bit of a financial bind, you may not know what to do. Should you refinance, take advantage of mortgage break offers by banks, or work out other ways to save money. One or all of the above could be options, but which one suits your specific needs is the…
Find The Best Rated Mortgage Broker in Brisbane Looking for the top-rated Home Loan Mortgage Brokers Brisbane near you? A trusted and experienced mortgage broker can help you find the best home loans you need to buy your first or second home in Brisbane. If you are planning for a loan approval then considering the…