What to do When Your Mortgage Holiday Ends Mar 5, 2021 | UncategorizedIt’s been an unusual 12 months across the globe, and this time last year, most people would never have imagined that they would have ever needed a mortgage deferral. In what was a very tricky time for borrowers, banks and lenders stepped up and offered their customers...
All You Need to Know About Lenders’ Mortgage Insurance (LMI) Aug 21, 2019 | Mortgage Insurance, UncategorizedSaving for a home deposit can be extremely demanding, especially when you are dealing with other expenses such as rent, childcare and day to day life. Most lenders recognise that saving a 20% deposit would take tens of years for the majority of Australians, even if...
When Should You Refinance Your Home Loan? Aug 21, 2019 | UncategorizedA home is the largest purchase most people will make, and a mortgage their largest liability. Australians typically change their home loan provider every 4-5 years, and whilst there is no set period in which you should consider a home loan refinance, there are some...
What is borrowing capacity? Aug 5, 2019 | UncategorizedStrict regulations in the Australian banking industry mean that lenders have a legal responsibility to ensure that their customers can afford to repay their loans. Borrowing capacity is one of the three major points used to determine whether a loan can be approved,...
10 Smart Ways to Use Your Tax Return Aug 5, 2019 | UncategorizedIt’s that time of the year again, sending us scrambling for the last years’ documentation in order to claim the maximum amount on our tax returns. Most Australians are lucky enough to receive a refund at tax time, and rather than spending it on luxury items, clothes...
Doctor, Lawyer or Accountant? Save on LMI Jul 31, 2019 | UncategorizedOne of the hardest parts of securing a home loan is saving the 20% deposit required by Australian lenders. Fortunately, medical professionals, lawyers and accountants are eligible for an LMI waiver from the major banks and most smaller lenders, meaning that they can...
