The Loan to Value Ratio plays an important role in determining how much risk lenders attach to your home loan. You need to understand what it means and how it may affect your ability to borrow.
Interest is the biggest burden you face when taking out a home loan. Anything you can do to keep interest payments low will benefit you in the long run. A mortgage offset account allows you to do just that.
On the surface, mortgage refinancing offers you the chance to reduce your payments and take advantage of a better interest rate. However, there are a lot of things to consider before making the decision.
It’s a question all borrowers ask: How can I get the best deal on my home loan? uno’s chief financial officer and head of home loans, Jason Azzopardi, shares his home loan hacks with customers looking for the best deal.
Depreciation of a property is something that investors try to avoid. However, Australia’s tax laws can help you deal with depreciation in several ways. You just need to avoid the tax traps many fall into.
Working with a mortgage broker can help you to deal with the complexities surrounding home loans. But you need to make sure you work with the right person. Ask these questions to find a suitable broker.
Investing in strata-titled homes is different from investing in a freestanding property. Each has pros and cons, so let’s look at what you need to consider when investing in strata-titled homes.