The Importance of Mortgage Pre-Approval in Australia Obtaining mortgage pre-approval is a crucial step in the home-buying journey. It helps you understand how much you can borrow, speeds up the buying process, and gives you a competitive edge. This guide will explain the importance of pre-approval, the benefits, how to apply, and answer frequently asked…
Home Loans for Accountants in Australia: A Complete Guide As an accountant in Australia, you have access to unique home loan benefits. Whether it’s waived Lenders Mortgage Insurance (LMI) or lower interest rates, these advantages are tailored to your profession. This guide will outline the benefits, qualifying criteria, how to apply, and address frequently asked…
I often hear both potential clients and clients alike complaining that they want to renovate because they just don’t quite have enough space in their current homes. They often think they can’t do it because they don’t have any spare cash in the bank to pay for the renovation or they don’t know how to…
How Do I Get A Home Loan When I’m an Expat? Recently I was helping an expat client get a home loan. She is living and working overseas and wanted to buy a property that would be an investment in the short term and be her home when she finally came home. Makes sense right?…
Self-Managed Super Fund for Investment Property has been rising lately here at Mortgage World Australia. Our clients, on the advice of their accountant or their financial planner, get in touch with us about how much they can borrow to invest in property through their Self-Managed Super Fund. From a lending point of view, the number…
During the Covid years when interest rates were low, a lot of investors and buyers put down a deposit on unregistered land with the idea that once the developer registered it, they could take advantage of record low interest rates and build a house as part of the development. Unfortunately, with the rates rising 4.25%…
Welcome to 2024. After all the rate rises we’ve had in the last two years, we’re all looking at our expenses a little differently. We are realising how much we are paying in interest, and that the only way to stop paying that interest and put it in our own pocket is to pay off…
450,000 Mortgages Are Still On Really Low Fixed Rates And Resetting This Year Is your fixed rate coming to an end? – here’s how to ‘soften the landing.’ According to the RBA, some 450,000 mortgages on those really low fixed rates will reset in 2024. At this stage the longer the fixed rate the bigger…
A Bridging Loan Story: Don’t Take ‘No’ For An Answer Robbie and Margaret had just bought a block of land and were looking to build on it. They already owned their own home and were in the process of paying it off. Obviously, they wanted to continue to live in that home until their new…
What is Best Interests Duty For Mortgage Brokers? And Why Does it matter? Best Interests Duty for mortgage brokers came into effect on January 1, 2021. The small and the short of it – mortgage brokers are now required by law to always act in the best interests of their clients and to put their…
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