How do business owners get a home loan?

business owner

It’s the spring selling season and despite the lockdown restrictions, house prices are still rising. According to the ABS, residential property prices rose nearly 7% in the June quarter 2021. It’s not easy to purchase a home as prices continue to rise especially for first home buyers who struggle to save for a deposit. It […]

How to get a home loan if you’re self-employed

self-employed home loan

Applying for a home loan if you’re self-employed may seem daunting. The uncertainty of COVID-19 has made it even more difficult to assess its impact on your financial statements. If you’re self-employed or you own your own business, the challenges of admin – keeping your accounts, finances and income flow all on track is exacerbated […]

How our clients bought their first home with just a 5% deposit?

filipino couple buying their first home

This was one of the most satisfying loan applications I have managed in my time as a mortgage broker. The couple came to me with savings of $20,000 at the height of COVID-19. They were in their late 40’s and both had a couple of ongoing liabilities: they had a car loan with a $1100 […]

First home buyer incentives to help you achieve your home ownership goal

Aspiring to become a homeowner is one thing, actually planning how you’re going to pull it off is another, especially in Australia’s record-hot property market. Fortunately, there are some new government initiatives to help you achieve your home ownership goals— possibly sooner than expected. 1. First Home Loan Deposit Scheme (FHLDS) expansion and increased price caps Under the […]

Smart ways to save for a deposit

Owning your own home is one of the major life goals for most people. Saving for a deposit can seem daunting at first, but it doesn’t have to be. Here are a number of things to consider to get you started and on track for home ownership sooner than you think. Analyse your current financial […]

Negotiation tactics for first home buyers

First Home Buyer

Interest rates remain at a record low currently, and the property market has been heating up despite the economic challenges due to the pandemic. Listings are currently lower which means buyers are competing for properties. So, if you are a first home buyer in a good financial position and considering buying using the First Home […]

How can mum and dad help with your home deposit?

What is Family Pledge? First Home Buyers with no deposit can use their mum and dad to assist. This option is known as Family Guarantee, Family Equity, Family Pledge or Parental Guarantee depending on the lender.  It allows the first home buyer to maximise the amount they can borrow against their own security (the purchase […]

How to save on loan mortgage insurance

Ways to avoid paying loan mortgage insurance

Saving for the 20% home deposit takes an average of 4.6 years, rising to over eight years for those buying in Sydney. Thus saving for a deposit can make the great Australian dream of buying a home seem out of reach. Paying loan mortgage insurance is one way of buying a home without having the […]

7 tips on getting a home loan approved

How to get my home loan approved

Australia’s property market performed impressively during the pandemic. Most capital cities saw median home prices rise to record highs by the 4th quarter of 2020. Record low interest rates and first home buyer incentives like the First Home Loan Deposit Scheme have driven strong demand. Prices just keep on going up and it’s becoming increasingly […]