Self-Employed Australian Expat Mortgage: What Banks Actually Require
3-minute read
Self-employed expats face 30-50% income discounting and most lenders won't consider foreign self-employed income. Here's what you actually need to get approved.
Home Loan Health Check: How to Make Sure Your Mortgage is Still Right for You
11-minute read
A home loan health check isn't just a fancy term thrown around in the mortgage world—it's a necessity, especially for Australian expatriates living overseas and foreign buyers. Like a regular medical check-up, it ensures that your home loan is still in good shape and serving your financial needs. But why does this matter to you?
How to Increase Borrowing Capacity for Your Home Loan
7-minute read
If you’re considering buying a property in Australia, you’ve probably heard the term ‘borrowing power‘. Well, what is your borrowing power, why does it matter, and how do you increase it?
How Does Mortgage Interest Work? Compound Interest Explained
14-minute read
A compounding effect happens when unpaid interest is added to your loan, so you pay interest on that interest. Learn how mortgage compound interest works.
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 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.
How to Calculate My Borrowing Capacity for an Australian Mortgage
5-minute read
Unfortunately, lenders won’t let you borrow any old sum to buy a property. Each of us has a borrowing power – this is essentially the maximum home loan amount you can borrow from a lender. And it depends on several factors. Let’s look at what affects borrowing power and how to improve yours with our borrowing power calculator.
Costs of Home Buying in Australia: Everything You Need to Know
5-minute read
Buying a house isn’t cheap. We all know how mortgage repayments can eat away at our income over the years, but how many other costs are there? Once you factor in stamp duty, conveyancing fees, real estate agent commission, land tax, and contents insurance, the costs of buying a house creep up and up.
How Much Can I Borrow For an Investment Property in Australia?
6-minute read
If you’re a property investor in pursuit of a mortgage, learn everything you need to know about how much you can borrow for an investment property, and how to secure the best deal with the right lender.
How Much Deposit Is Required for a Home Loan?
6-minute read
Purchasing a house seems to get more and more complicated each year. Knowing how much deposit you need will make it far easier to get your home loan approved and buy your investment property in Australia.
Why Is Subject to Finance Important in Australia?
6-minute read
Property sales contracts in Australia are typically subject to finance. But, what does this mean? And, do you need it? Many people advise against including finance clauses in the sale contract. However, the condition might save you from being locked into a purchase you cannot afford.
Use Equity To Your Advantage To Buy Property In Australia
3-minute read
Access the equity in your current home to buy another property with little to no deposit. Free up your cash flow and achieve all your financial goals.
