Along with stamp duty, the single biggest expense in buying a property can be lenders mortgage insurance (LMI). When purchasing a property, the lenders normally require the purchaser/borrower to have a deposit, (or equity in another property) totalling 20% of the purchase price and fees. For example, on a $400,000 purchase the lender would require […]
Personal Circumstances Before applying for your first home owner loan, you need to consider your financial situation and how a home loan will affect you. Thorough research of the real estate market, the area you are interested in living and the different types of home loans will pay off. Working with a Mortgage Broker will […]
Stagnating & falling real estate markets Australia wide has presented 1st homebuyers with their best opportunity in years to purchase their 1st home. If you’re ready to settle down or are sick of the rental trap, the Federal Government’s First Home Super Saver Scheme could help you save the deposit required to purchase your first […]
Think you could be getting a better deal on your home loan? Whether you’re in the market looking for a new home loan or an existing mortgage holder looking for a better interest rate, you could potentially be saving hundreds or even thousands of dollars in interest by getting a Mortgage Broker to shop around […]