Application & establishment fees, stamp duty + more. When taking out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan. Home loan application fees Most lenders charge a home loan application fee. This … Continue reading Application & establishment fees, stamp duty + more.
Property investing checklist Investment in real property, such as residential real estate, is likely to be a lengthy process and one that usually involves a plan for the long term. To ensure you have considered what is required before making the big purchase, we’ve outlined steps you need to take in that process. 1. Make … Continue reading Property investing checklist
Lenders mortgage insurance (LMI) While some view LMI as being exclusively beneficial for lenders, we explore the value for first home buyers. Not to be confused with mortgage protection insurance (which is designed to protect the borrower), LMI is insurance that covers the lender’s risk within a residential mortgage transaction should the loan go into … Continue reading Lenders mortgage insurance (LMI)
Five ways to fund a renovation Considering transforming your home from ‘banal’ to ‘brilliant’, but lack the funds to support your makeover? Never fear, we’ve rounded up five home renovation finance options that could help turn your dream into reality. 1 Equity Release / Top Up Home Loan This is probably the most common way … Continue reading Five ways to fund a renovation
Explainer: fixed-rate loans With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, 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. When … Continue reading Explainer: fixed-rate loans
Finances on your mind? Do yourself a favour, speak to a broker If you are finding it tough to meet your current financial obligations or you are just interested in reviewing your current home loan, then you are not alone. Mortgage brokers stand ready and able to assist with your options during this difficult time. … Continue reading Finances on your mind? Do yourself a favour, speak to a broker
Selling your home? Here are the first steps to take There is more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Here are the first things you should check off your list to help you get a favourable result from your investment and to ensure the process runs … Continue reading Selling your home? Here are the first steps to take