Mortgage & Home Loan Tips

When interest rates rise, most people immediately think about higher home loan repayments. But a rate rise can also affect how much a lender is prepared to let you borrow. This matters if you are planning to buy a property, have an existing pre-approval or are making offers based on an earlier borrowing-capacity estimate. Understanding the connection between an interest rate rise and borrowing capacity can help you set a realistic property budget. Why can borrowing capacity f

If you’re thinking about buying an investment property, one of the first questions you’ll probably ask is: how much can I borrow? The answer isn’t based on your income alone. Lenders look at your overall financial position, including your existing debts, expenses, available deposit or equity and the expected rental income from the property. Two people earning the same income can end up with very different borrowing capacities, depending on how the rest of their finances are s

If you’ve owned your home for a while, you may have built up equity that could help you purchase an investment property. That doesn’t mean you need to sell your home or have the deposit sitting in cash. Depending on your financial position, you may be able to access some of the equity in your current property to help fund the deposit and purchasing costs. Using equity to buy an investment property may reduce the amount of cash you need for the deposit and purchasing costs. W

The lowest advertised home loan rate may not be the right fit for every borrower. Learn how lender policy, income assessment, fees and loan features can affect your options.

Wondering what happens after you contact a mortgage broker? Here’s how I guide you from the first conversation through lender research, application and settlement.

If you haven’t reviewed your home loan for a while, refinancing can be worth considering. But a lower advertised interest rate doesn’t automatically mean you’ll be better off. Before making a move, there are a few things worth checking. 1. Refinancing your home loan? Start with your current interest rate First, find out exactly what rate you’re currently paying. If you’ve had your loan for a few years, there’s a chance your lender has better rates available to new customers,

Buying a home is one of the biggest decisions you will ever make. It can be exciting, but it can also be overwhelming. With so many...

Buying a home is one of the biggest decisions you will ever make. It can be exciting, but it can also be overwhelming. The mortgage...

Buying your first home is an exciting journey, but it can also feel overwhelming. With so many options and decisions to make, it’s easy...