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.
Investment loans can be simple – like an owner-occupier mortgage, for example – or more complex, with features to help borrowers make effective use of tax and gearing.
Like many homeowners, Chris La Fou hadn’t considered refinancing his home loan. It wasn’t really something he knew about. After chatting to a uno home loan adviser, he was able to switch lenders and use the equity in his home to pay for renovations, a new car, and a trip to Hawaii with his mates.
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.
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.