Interest rates go up and down at the whim of the market. Australia has experienced low-interest rates for quite some time, and low-interest rates could be the norm now for some homeowners. While this may be so, it will not last forever. Interest rates will eventually rise. If you are locked into a fixed rate loan, [...]
How much deposit do you need to purchase a house? Well, it depends on many factors. Where once it was easy to get a loan for 100% of the purchase price, lending criteria are stricter these days. It is still possible to get a 100% loan with the help of a guarantor, but most lenders [...]
Refinancing your home loan is merely switching to a new loan. You can refinance your loan with your existing lender or by taking your mortgage to a new lender. The most common reason for refinancing your home loan is to take advantage of lower interest rates or features that suit you better but there are [...]
Saving a deposit for a home or investment property is tough with the cost of everyday living. Then there are the added costs of legal fees, stamp duty, building inspection and lender's upfront fees, insurance and other expenses. When you borrow more than 80% of the purchase price, most lenders will require you to purchase [...]
