Articles
There’s a lot to know about home loans.
So we’ve put together some handy articles to help you understand more about home loans.
Can Grandparents Become Guarantors for Home Loans?
If inflation has peaked, it is unlikely that the Reserve Bank of Australia will continue raising interest rates. The RBA typically raises interest rates to
Things to Consider As You Wind Up Your Home Loan
Congratulations on successfully paying off your mortgage and achieving financial freedom! Your dedication, hard work, and responsible financial habits have paid off, allowing you to
Refinancing Home Loans When Unemployed. Is It Possible?
Yes, purchasing a home or refinancing a mortgage while unemployed is possible, but it comes with additional challenges. However, there are several steps you can
Comparing SMSF Loans for Optimal Investment
Self-Managed Superannuation Funds (SMSFs) have become increasingly popular among Australians. Many people are working towards getting control over their retirement savings and investment choices. One
Home Loans for Aussies With Foreign Income
Many Australians consider living and working overseas essential to their personal growth and development. As a result, many of these individuals receive most of their
Can Non-Residents Obtain a Home Loan in Australia?
Most lenders typically prefer lending money to Australian citizens or permanent residents. However, some lenders may consider providing loans to temporary visa holders. It is
Buying a Fixer-Upper Home. Is it For You?
Purchasing a property is undeniably one of life’s significant milestones. However, when buying a “fixer-upper” property, a whole new level of complexity is added to
How Can a Split Home Loan Benefit You
Splitting your home loan offers several advantages that can help you optimize your financial situation. By dividing your loan into different portions, you can take
Understanding Home Loan Portability
When purchasing and selling properties, you can transfer your existing home loan to a new property without incurring additional expenses or dealing with extensive paperwork
Home Loans for Vacation Properties
There’s no denying the appeal of a holiday home as a perfect escape. After a hectic day, week, or month in a bustling city, there’s
Factors Affecting Property Value
As the upward trajectory of house prices persists, several factors affect property value and the price it can command during a sale. To gain a comprehensive
Does Home Size Matter in Your Mortgage?
Whether home size matters in your mortgage is a topic that often looms large for prospective homeowners. Purchasing a smaller property can often be more
What is Home Loan Serviceability?
As a borrower, lenders carefully evaluate your serviceability when considering your loan application or pre-approval for a home loan. In this article, we aim to
Understanding Home Loan Statements
Your lender will provide you with a monthly home loan statement, which will detail the status of your loan. This statement will inform you about
Paying Off Mortgage Early. Should You Do It?
Repaying your mortgage ahead of schedule can have several benefits and relieve some financial burdens. Why Pay Your Mortgage Early? One of the primary motivations
What Happens in a Home Inspection?
If you’re purchasing a property, it’s essential to consider several factors before making a final decision. To ensure a smooth transaction, we have prepared a
Home Loan Top Ups and How They Can Help You
Topping up or increasing your home loan can be an effective method to access extra funds for significant purchases, especially when compared to alternative credit
Is a Package Home Loan Right For You?
If you’ve been in the market for a home loan, it’s likely that you’ve come across the term “home loan packages,” also known as package
Debt After Life: What Happens to Home Loans When a Principal Borrower Dies?
For many Australians, paying off a mortgage is a long-term endeavour that spans several decades. However, what happens if a principal borrower dies before being
Home Loan Cashback Offers Trend in Australia
In the ever-evolving landscape of the Australian real estate market, homebuyers and investors are constantly on the lookout for ways to make their property journeys
Home Loan Tips for Small Business Owners
Obtaining a mortgage is a complex process, and it can present even more significant challenges for small business owners. Unlike salaried employees, small business owners
Gifted Deposit For Home Loans
Buying a home holds significant importance as a goal for numerous Australians. Parents often express a willingness to offer gifted deposit home loans to their
Capital Tax Gains on SMSFs Explained
A self-managed superannuation fund is liable to pay capital tax gains when applicable. However, it’s important to note that the rules and regulations regarding CGT
Can I Get a Home Loan With a Bad Credit?
In Australia, can I get a home loan with bad credit? Yes, obtaining a mortgage is possible even with bad credit. However, there are specific
Joint Tenants and Tenants in Common in Australia
The soaring property prices in Australia are posing challenges for aspiring property owners, both as owner-occupiers and investors. However, property co-ownership offers a compelling solution.
Restructuring Your Home Loan
When paying off a long-term debt such as a mortgage, you must regularly review your income and household expenses to ensure you can comfortably repay
Pros and Cons of Locking a Home Loan Rate
With the rising interest rates, many Australians are now facing the possibility of higher mortgage repayments, referred to as the “fixed rate cliff.” This situation
Why Do Mortgage Rates Vary Per Lender?
If you’re curious about the entities responsible for determining mortgage rates, it’s essential to recognize that they depend on several factors. Lender rates can differ
Best SMSF practices
Self-Managed Superannuation Funds (SMSFs) have gained immense popularity in recent years as one of the best ways to take control of retirement savings. To ensure
What Happens If My Mortgage Repayments Are Late?
With the rise in mortgage interest rates, it’s understandable that some individuals may struggle to meet their home loan repayments. However, it’s essential to remember
Spelling Out Cross-Collateralisation in Australian Real Estate
Australian property values have experienced a significant surge in recent years, resulting in homeowners benefiting from a substantial increase in home equity. To leverage this
Home Buyer’s Cooling Off Period Explained
The cooling-off period is crucial, during which you, as a property buyer, can withdraw from the sale without significant legal or financial ramifications. It is
Understanding Deposit Bonds
When purchasing a property or land, it is typically required to provide a cash deposit, usually around 10% of the purchase price. This deposit serves
Use SMSF to boost your future investment
SMSF is one of the most common type of retirement investment in Australia. In the modern world, financial and investments security is a constantly evolving
Home Loan Amortisation Period and Schedules
The amortisation period is the duration, typically measured in years, over which a loan is repaid. It represents the total time taken to pay off
Borrowing Capacity vs Affordability
Borrowing capacity and affordability are related concepts, but they represent different aspects of the home-buying process and have distinct implications. Taking on a home mortgage as
Using Home Equity for Your Second Property
Buying a second property presents exciting opportunities for real estate investment or acquiring another owner-occupied home. While purchasing a second property may appear risky at
Positive Cashflow Investment Properties: What Are These?
Positive cash flow property is often considered the ultimate goal in property investing. It allows investors to purchase properties and cover loan repayments without relying
How Do I Set Up An LRBA In My SMSF?
Self-Managed Superannuation Funds (SMSFs) have gained popularity among Australians seeking greater control over their retirement savings. One powerful strategy within the SMSF framework is
Can I Borrow Money Against My SMSF?
Managing finances for retirement can be complex, and many individuals explore various avenues to secure their future. One such option is a Self-Managed Superannuation
Decoding Real Estate Agents and Mortgage Brokers
Every industry has a specialized vocabulary, and real estate is no exception. Like in other professions, the world of real estate is teeming with various
Australian Real Estate Myths Debunked
Australia’s property market has attracted significant attention since the onset of the pandemic, with headlines consistently highlighting its booming nature. While many reports portray positive
Home Loan Sweet Deals: Cashback vs Low-Interest Rates
With an increasing number of banks currently providing cashback incentives on their mortgage products, it’s understandable that customers, particularly first-time buyers, are enticed by the
Can You Buy Property with Self-Managed Super Funds (SMSF) in Australia?
You can buy a property with a self-managed super fund (SMSF) in Australia. However, strict rules and regulations govern this process, and you should
Compare SMSF loans through professional advice
Compare SMSF loans to avoid financial management mistakes Comparing SMSF loans through professional hep is a crucial step in maximizing the potential of your Self-Managed
Home Loans for Aussie Defence Force Members
Serving or retired defence personnel can verify their eligibility for a military home loan and explore the benefits offered by defence service home loan schemes.
SMSF Mistakes You Should Avoid
Managing superannuation and running a self-managed fund involves navigating numerous rules and regulations. SMSF Mistakes You Should Be Wary Of Mistake #1: Not maintaining a
The Correlation of Home Loans and Having a Second Job
Second job and home loans – According to the Australian Bureau of Statistics and we show out here in our Ratebuster’s website, the number of
Revolving Credit Mortgages Explained
A revolving credit mortgage functions similarly to an all-in-one bank account with a substantial overdraft feature. It allows you to borrow, deposit, and withdraw at
Why Aren’t 30-year Fixed-Rate Mortgages Offered in Australia?
There are specific differences in mortgage options in Australia compared to countries like the USA. While it is possible to secure a mortgage with a