The amount you can borrow and the amount you should borrow are sometimes two very different things. Before you apply for a home loan, it makes sense to realistically assess your financial situation. Here’s how to do it. Understand your borrowing capacityGenerally speaking, your borrowing capacity – what you can borrow…
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Looking to enter the property market and worried about how you’re going to secure your first home loan? It’s time to start making your money work for you so you can land that loan. Qualifying for a home loan isn’t always an easy path. Aggressive interest rates, competition in the market…
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Self-employed borrowers come up against the challenge of not being able to simply present payslips and tax returns to back up their loan applications. But this need not stop you buying your dream home. Many lenders offer loans for self-employed borrowers who can’t hand over payslips and employment records. This means…
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With record low interest rates, a flattening housing market and repeated assertions from RBA governor Philip Lowe that a rates rise is not on the near horizon, this may be the right time for first home buyers to strike. Following the August Reserve Bank (RBA) meeting, interest rates remain at 0.25%…
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With the latest announcement by NSW government on stamp duty relieve for brand new homes up to $800K – this is now truly THE perfect storm for all the NSW First Home Buyers! As we all know the biggest hurdle for First Home Buyers (FHBs) to get into their first home…
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I thought I’ll tackle a controversial question that I get asked a lot these days – “is now the right time to buy a property”? Now first of all let me take my broker hat off and put my investor hat on – because if you ask anyone working in real…
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As part of the economic response to the COVID-19 pandemic, the federal government’s HomeBuilder program provides eligible owner-occupiers – including first home buyers – with a grant of $25,000 to build a new home or substantially renovate an existing home before the end of 2020. It can pay to check if…
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Looking to utilise FHLDS to get into the property market this year? Well, we have compiled together the list of the most frequently asked questions (FAQ) so you can check this yourself before jumping onto the FHLDS! What is the process of utilising FHLDS to secure my home? Request for scheme…
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The barriers a first home buyer faces when entering the property market are well documented. So, will the government’s new First Home Loan Deposit Scheme (FHLDS) help, or not? Here’s a guide to who’s eligible, how it will work and what the new scheme may mean for the housing market. Have…
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