How high will the interest rates rise in 2023?
Australians should start preparing for a further rise in interest rates in 2023. Higher inflation is putting pressure on the budgets of most households.
December 2, 2022
No Comments
Australians should start preparing for a further rise in interest rates in 2023. Higher inflation is putting pressure on the budgets of most households.
Under the new First Home Buyer Choice, you can choose to instead pay an annual tax of $400 plus 0.3% of the land value (not the purchase price).
It all culminates in the final step of the process – settlement day. Here’s what to expect and some tips to prepare for a successful property settlement.
If you are a registered nurse wanting to buy a property and you only have a 10% savings deposit, you can now borrow 90% of the purchase price without paying lmi
Construction loans differ in structure from regular mortgage loans. Progressive payments are made as the builder requires them for each stage of the project
On top of a budget, a savings plan, and strategies such as a high-interest savings account, an effective way to save is to reduce or eliminate expenses.
deposit held for at least 3 months in a bank account, accumulated over a minimum of 3 months. This is referred to as genuine savings.
One of the things lenders take into consideration when assessing your ability to repay is your credit report. Here’s why you need to check your credit report.
The role of a mortgage broker is to guide you through the home loan journey and help you choose the right product or feature for
LMI is an insurance policy that the bank takes out to protect itself against the risk that you (the borrower) will default on your loan repayment
When lenders assess a home loan application, they are always assessing their risk. The lower the risk, the more comfortable they are at giving you the loan.
Pre-approval confirms you’re eligible to apply for a home loan up to a certain amount. Essentially, the lender checks your financial circumstances to decide
Now more than ever is it important for those wishing to purchase their first home to speak to a broker a year ahead to prepare them for the tumultuous journey ahead
the Reserve Bank of Australia (RBA) has increased the official cash rate, this time by a further 50 basis points to 0.85 percent, as it tries to curb inflation.
Doctors are fortunate they get these incentives that are unavailable to regular borrowers. How much can a medical practitioner save when buying a property?
We are a team of qualified professionals who have been in the mortgage broking industry for the last 10 years. We are also property investors who have accrued the knowledge and experience to help you achieve your property goals.
Learn the right strategy and find the resources to empower you to buy your first home, to refinance or to purchase your first investment property. Our team of brokers can guide you through the home buying process and answer your questions,
including:
➔ Where and what you can buy?
➔ How much deposit will you need?
➔ How much can you borrow?
➔ What are all the other costs involved?
➔ How can you repay my mortgage quickly?
Our role as your mortgage broker is to guide you through the process to ensure that all your needs and options are considered.
Your full financial situation will need to be reviewed prior to acceptance of any offer or product.
MBM Mortgage Pty Ltd trading as Maverick Finance | ABN 28 149 301 084 | Credit Representative 403019 is authorised under Credit License 389328
This website provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you
consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not
constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.