The Pros and Cons of Interest Rate Drops
Interest rates are one of the most important factors in the economy. They affect everything from the cost of borrowing money to the price of goods and services. When interest rates drop, it can have a number of positive and negative effects.
Do You Have to Pay LMI Upfront?
Lenders mortgage insurance (LMI) is a type of insurance that lenders require borrowers to purchase if they have a loan-to-value ratio (LVR) of more than 80%. LMI protects the lender in the event that the borrower defaults on their loan. There are two ways to pay LMI: upfront or by capitalisation.
Buying a Second Home in 2023: Can I Afford a Second Property?
The concept of equity is central to real estate, especially when buying a second home. But what exactly is equity, and how does it work?
What Happens After Pre Approval?
Homeownership is often seen as a significant milestone in life, signifying financial stability and independence. Being pre-approved for a home loan is an excellent first step in this journey. But what comes next?
10 Factors That Affect Your Credit Score in Australia
Credit scores, the numerical expression of your creditworthiness, can make or break your mortgage application. They can determine whether you're eligible for that attractive interest rate or premium credit card.
7 Credit Score Myths Debunked
Credit scores are important, but there are a lot of myths about them. Here are 7 credit score myths debunked.
The Ultimate Guide to House Hunting
House hunting is the process of searching for and purchasing a home. It can be a daunting task, but it's also an exciting one. When you're house hunting, you'll have the opportunity to find the perfect place to call home.
The Impact of Auction Clearance Rates on the Property Market
In the world of real estate, several indicators are used to gauge market health. One often overlooked but crucial parameter for investors, particularly Australian expats and foreign buyers, is auction clearance rates. This simple percentage might seem unassuming, but it can provide potent insights into the real estate market, especially in Australia.
How to Make an Offer on a House in Australia
Congratulations on your decision to buy a home in Australia! However, making an offer on a house can be a challenging task, but with the right information, it can be a smooth and rewarding process.
Current Home Loan Industry Trends in Australia
The Australian home loan industry is constantly evolving, with new trends emerging all the time. Like any industry, the home loan sector experiences ongoing shifts and trends that shape the borrowing landscape for Australians. Here are some of the most important trends to watch in 2023:
How to Negotiate on Property Price in a Buyer’s Market
In a buyer's market, where supply exceeds demand, buyers hold a significant advantage when it comes to purchasing property. This favorable market condition offers an excellent opportunity for prospective homebuyers to negotiate and secure a favorable price on their desired property.
Buyer’s Market in Australia: What You Need to Know
Understanding the intricacies of a buyer's market is essential for aspiring homeowners, property investors, and anyone looking to capitalize on favorable market conditions. If you're thinking about buying a home in Australia, there are a few things you need to know about buyer's markets.