New government regulations mean interest-only loans are on the decline. Given the changes, it may be time to reconsider your own loan repayment structure. Rewind a few years and many people would have confidently assured you that an interest-only loan – a home loan on which you only have to make interest payments for a…
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Loans are by no means ‘one size fits all.’ Different loan types suit different age groups, different living situations and even different attitudes to money.
Getting a foot in the door of your dream home might be getting harder, but talking to a mortgage broker could get you the keys more quickly.
Our pick of the week this week is 32 Kent St, Kallangur QLD 4503. Bought by our clients almost a year ago for $351,200, this 3 bedroom, 1 bathroom lowset house sitting on 607sqm block presents marvelous potential for the following reasons: 1. Nicely presented and in decent condition – not much work required from…
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When experienced property investor Joe Blob agreed to buy a block of land, he didn’t expect the land’s mining-town location to make it difficult to secure finance. After failing to find a lender who could help him, he visited a mortgage broker who found just the right mortgage for his needs.
When you’re looking for a home loan, you could go to a mortgage broker or to a bank. While a bank will only offer you its own products, a mortgage broker is an industry expert who will take the guesswork out of finding the mortgage or finance product that suits you and your needs.
In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that works best for you.
Deciding where to go for your home loan is one of the most important decisions you’ll make. While many prospective property owners will choose to use a mainstream lender, non-bank lenders also have their advantages. What are non-bank lenders? Essentially, a non-bank lender is a lender that’s not a bank, credit union or building society.…
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It’s been almost a year and half since APRA put the foot down to intervene by clamping down the Interest Only (IO) loans. Back at that time, IO loans consist of almost 40% of the new residential mortgage lending by banks and this was seen as very risky by APRA so they’ve stepped in…
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Lend Power Pty Ltd is a Credit Representative (500998) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit License 391237) | I-Yung (David) Shih is a Credit Representative (501067) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit License 391237) | Mortgage & Finance Association of Australia (MFAA) Approved Member 575562 | Credit and Investments Ombudsman Member M0040381
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