home loan

Interest Rates Impact Your Monthly Mortgage Repayments – But How Much?

by Greg on February 10, 2016
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Many people worry about how fluctuations in interest rates can impact their monthly mortgage repayments. The world of finance is forever changing, so increases and decreases in interest rates are important to consider when looking for a new mortgage. What Happens If Interest Rates Increase? While usually a good sign for the wider economy, rising […]

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What Will Affect Your Home Loan Application

by Greg on April 22, 2015
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Home loans have always been the most common way to secure a property, but a changing economy has left more and more people excluded from the usual markets due to credit problems or unsecured work contracts. As a result, the average age of people buying a first home has risen and the millennial generation are […]

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5 reasons to choose a non-bank lender

by Greg on February 17, 2015
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If you are thinking about buying your first property or upsizing and you need to borrow money your first thought might be to go to your bank and ask them. However there are so many lenders out there, including non-bank lenders that it is important to consider them all. Both banks and non-bank lenders have […]

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Could a personal loan get you on the path to your first home purchase?

by Greg on November 8, 2013
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Household expenses, credit card payments, automotive maintenance: for the budding first-home buyer, managing these sorts of financial responsibilities whilst trying to save for a property deposit can be challenging. Add to this, the various State Governments’ withdrawal of financial assistance for existing dwellings — also the upswing in asking prices as a result of low […]

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What a DEFAULT or a JUDGEMENT means for your credit history

by Chris Lang on May 28, 2012
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Credit history is a very important input in the process of assessing a person’s borrowing capacity. People rarely think about their credit score before diving into the purchase of a new home, yet at that point in time bad credit history can be tough to ‘undo’. As we know money doesn’t come with instructions, so so getting an understanding of these terms in the world of credit history can help you maintain…

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How to get a home loan if you’re self employed

by Chris Lang on March 30, 2012
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Being self-employed has its benefits. You get to be your own boss and work in your PJ’s if you like. But when comes the moment where you need a home loan – you grunt and groan and wish you were a regular employee. And the reason lies in the way lenders assess your income. All […]

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10 Simple Ways to Pay Off Your Home Loan Quicker

by Chris Lang on January 20, 2012
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Home loans are inevitably one of the biggest single household investments. We might complain about school fees, car registration costs or the price of milk going up … but in the end, a little lapse of attention to your home loan and the consequences will be far bigger than all of these extra bills put […]

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7 Practical Tips for Saving for your First Home

by Chris Lang on September 12, 2011
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Buying your first home can be a wonderful experience, picking out the perfect place, moving in and feeling as if you can just put your feet up and relax and that you won’t be moving for a very long time is comforting. Of course, there are some things you need to do before and to […]

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Finding An Affordable Home Loan Even With Bad Credit

by Chris Lang on February 23, 2011
Finding An Affordable Home Loan Even With Bad Credit

In today’s economic world, developing bad credit is a relatively easy task to accomplish. Whether you have gotten yourself into credit card debt, defaulted on a payment or even filed for bankruptcy, a bad credit rating can seriously affect your ability to secure a home loan. It is not necessarily over for you if have […]

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Using your rental history to get a home loan

by Chris Lang on January 7, 2011
Using your rental history to get a home loan

If you’ve ever applied for a home loan, you know that the lender always requires evidence of genuine savings. Which means that people, who are unable to save, often will be turned down. The turning down part is not limited to just the big spenders or shopaholics, but includes everyday folk struggling to make the […]

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Dealing with rising interest rates

by Chris Lang on November 4, 2010
Dealing with rising interest rates

The RBA decision to lift interest rates by 25 basis points from 4.50 to 4.75 didn’t come as a surprise – in fact many of us thought it was only a matter of time. But when the Commonwealth Bank decided to lift the home loan rates by 45 basis points, now THAT was a nasty […]

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