Understanding the First Home Guarantee: A Simplified Guide for 2024 The First Home Guarantee is an Australian government scheme designed to help first home buyers enter the property market with as little as a 5% deposit. Avoiding the need to pay LMI, the scheme offers significant savings and quicker access to homeownership. Whether you’re a…
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…
Table of Contents Find Out If You Qualify for a LMI Waiver and Say Goodbye to Lenders Mortgage Insurance What is Lenders Mortgage Insurance (LMI) and who does it protect? What is an LMI Waiver and Who Can Benefit from It? Understanding the Concept of an LMI Waiver and how much it can save you…
Learn how bridging loans can help you buy a new home before you sell your current property. Understand interest rates, eligibility, and how these loans work.
How Can I Get A Home Loan While On Parental Leave? A client, Tracy and Nathan, had come to me and were looking to refinance their home loan. There’s nothing unusual in that, except that they had just had their first baby. Tracy was on maternity leave which meant that they were looking for ways…
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…
5 Borrowing Myths: Busted. I don’t know if you remember the show ‘Mythbusters,’ where they took urban legends and put them up to the test to see if they were real. Recently I had a prospective client ring up and ask if I could get him a home loan while he was on probation at…
An easier way to Apply for a Self Employed Home Loan (As Long As You Get Paid A Salary). One of the most difficult challenges for self-employed people and small business owners is to get their home loans approved. Because their incomes are so closely linked to the performance of their business, lenders require…
Are you looking to refinance your home loan? For some, there are easy ways to get the result they are looking for without refinancing. As a rule, when someone refinances their home loan it is to achieve one of the following goals. When you are a mortgage broker you see just how much variability…
Recently we were helping a client buy a property in an Over-55 Complex – I don’t think they understood just how difficult home loans like this can be. A lot of lenders will just point-blank refuse to lend money on a property like this. So I started thinking of a list of the Difficult Home…
End of content
End of content