Do I Need Mortgage Protection Insurance as an Expat?
6-minute read
Properties are some of the most significant financial assets most of us own throughout our lives. It’s also the source of one of the most critical debts most of us will have to pay. Whether it’s your first home or an investment property in Australia while you live abroad, you might have heard the term’ mortgage protection insurance.
How Does Compound Interest Work on a Mortgage?
5-minute read
Home loans might seem complex and confusing – with such a significant financial commitment; you should try to understand the ins and outs of your mortgage. While there are home loan calculators to help you estimate the cost of your mortgage, you should know how your lender calculates your interest rate.
RBA Interest Rates History and Forecast
7-minute read
The Reserve Bank of Australia (or RBA for short) is the central bank of Australia. Their role in the Australian economy is to issue the Australian currency and conduct and change any of the monetary policies in Australia. One of the policies they review every year (11 times a year, to be precise) is the interest rates.
Big Bank vs. Small Lender Mortgage: How a Broker Will Help You Find the Best Option
5-minute read
Are you wondering what your home loan options are beyond the big four banks? While Westpac, ANZ, Commonwealth Bank and NAB are popular mortgage lenders among Aussie home buyers, small lenders offer excellent mortgage options. What else is out there?
Making Sense of the Australian Home Insurance Market
6-minute read
Is your home adequately insured to survive everything from natural disasters to theft? About 23% of homeowners in Australia do not have an insurance policy for their homes or property. Whether your Australian property is underinsured or you’re sure “it won’t happen to me,” many homeowners don’t consider the severe cost of skipping home insurance.
What Credit Score Does An Expat Need to Get An Australian Mortgage?
7-minute read
Applying for a mortgage/home loan in Australia can be a challenging process with many elements. One of the significant factors lenders and mortgage brokers will consider is your credit score; they check your score and look into your credit history to see if they can trust you to borrow money. Therefore, an expat needs the best credit score possible to get a home loan.
What Is A Good Credit Score For Expats In Australia?
5-minute read
Before arranging a loan (personal loan, home loan, etc.), expats need to know their current financial standing; this will inform them of how much they can borrow for a loan.
How Do Non-residents Check Their Credit Score in Australia?
6-minute read
To get a personal loan, home loan, or car loan, non-residents in Australia need an excellent credit score. However, they first need to get a credit score check to see what score they have and how they can improve their credit.
15 Things To Consider When Purchasing a Second Home Overseas
5-minute read
Buying a first home is a huge step; you need to consider your finances, your perfect location, the type of home you want, and more! However, if you are an Australian Expat buying a second property overseas, there are more elements you need to consider.
What Does An Expat Mortgage Broker Do?
5-minute read
Taking out a mortgage can be a long and arduous process, especially for Australian expats. You need to know what to look for in a mortgage and how to save money. Therefore, hiring an expat mortgage broker can make the process easier and save you money.
First Home Buyer Loan Guide: Everything You Need To Know
6-minute read
Acquiring a first home buyer loan can be a complex process for all Australian citizens, especially for expats. If you’re an expat, you need to know what types of first home buyer loans you can get, the critical time frames, and more.
What is the Average Mortgage Interest Rate in Australia?
7-minute read
Home loans in Australia come in many different forms and come with many variables. One of the variables that fluctuate the most is the mortgage interest rates. The rates go up and down constantly, so for an expat, it’s worth knowing what the current rate is and what interest rate home loans are available.
