Buying off the plan can be a smart and affordable way to buy property. But with a looming oversupply of off-the-plan apartments, it also comes with potential risks.
Borrower requirements are diverse, so a feature that provides flexibility and choice for one mortgage holder may be an unnecessary cost to another.
The self-employed – or gig economy workers – often struggle to get home loans. However, mortgage brokers and lenders say there is no reason why they can’t secure finance.
It’s been a year of peaks and troughs for the Australian property market and today’s decision by the RBA to keep rates on hold at 1.50% is borne of a range of factors likely to shape the outcome of 2018.
There are a lot frustrated buyers out there, overwhelmed by selling agents’ tactics and sick of underquoting. Buyer’s agents exist to help these people.
Families, especially in Sydney and Melbourne, have found themselves compromised by the skyrocketing value of surrounding properties. But owners looking to upgrade to their dream home in a rising market have a few options.
You may assume that your lender uses their standard variable rate when figuring out your borrowing strength. This isn’t true. Instead, they’ll use an assessment rate to work out how much you can borrow.
It’s important to think about more than your home loan when buying a property. You also have to consider its susceptibility to natural disasters.
You could have all sorts of reasons for wanting to buy a second piece of real estate. However, you need to make sure you’re prepared before you commit your money towards a second property.
Your real estate agent may appraise your property. However, this isn’t the same as the valuation a lender will carry out. Let’s look at the differences between the two.
A lot of people buy vacant land to build their own properties – but it can often be harder to access home loan products for vacant land.
Self-employed people don’t have it easy when they want to get a home loan. Most lenders want to see a stable employment track record. Let’s look at what you need to do to get a great product.