Difference between Banks and Non-Bank Lenders
In the Australian lending market, while the big four banks (Commonwealth Bank, Westpac, ANZ, and NAB) often dominate the headlines, a substantial portion of loans actually come from non-bank and boutique lenders, such as credit unions, building societies, and other mortgage lenders that operate independently of the major banks. What’s the Difference? Non-bank and boutique […]
Should I rent or buy?
With so many complexities, grants, schemes and information out there, it’s no wonder the decision to rent or buy can feel so hard and conflicting. 3 things to consider when it comes to buying vs renting. Flexibility. Want to live by the beach? Big kid gap year on the horizon? Once you have a mortgage […]
What is Refinancing and when should you do it?
As a homeowner with a mortgage, chances are you’ve heard of the term ‘refinancing’. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender, who can better meet your current needs, wants and circumstances. Refinancing can be a strategy to secure a lower interest rate, switch to a different type of […]
The Extra Costs of buying a Home, that most forget to consider
When obtaining a mortgage, many individuals fail to consider the various fees and expenses that go beyond the actual price of the property. Below, we outline several additional costs that you should be taken into account when applying for a home loan. 1.Home Loan Application Fees Most lenders impose an application fee for home loans. […]
Buying a property with family or friends
If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of family or friends may be a solution. It can also be a minefield though, so here’s how to avoid a blast! While the excitement of banding together in such […]
Why Property Investors Need Savings
Don’t Be Caught Off Guard: Savings are a Savvy Investor’s Secret Weapon Being a property investor in the Australian market can be incredibly rewarding, but it’s important to remember – unexpected events happen. That’s why having a healthy savings buffer is crucial for navigating the inevitable bumps in the road. Imagine this – your rental […]
Before applying for a loan with your partner
There are a few discussions that you need to have that go a little beyond what you may know already. Here’s 3 Things you need to ask your partner before you apply for a home loan together You’ve found someone you want to spend your life with– the hard part is over, right? Wrong. You […]
What is Near Prime Lending
What is Near Prime Lending? Lending criteria’s are getting tougher and borrowing capacity has been reduced, making it even more tricker for customers whose circumstances don’t fit a ‘vanilla’ prime-customer profile to borrow. So, how do these types of customers who fall outside the “prime-borrower” target market of banks gain access to the finance they […]