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.
There are many different factors you’ll need to consider when thinking about refinancing a loan. Speak to a professional, such as a mortgage broker
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.
Your home is probably the biggest purchase you will make in your life- it can feel like a 30-year-long marathon. There are some simple ways to cut years off your mortgage, which
After 138 months, the Reserve Bank of Australia (RBA) has decided to increase the official cash rate by 25 basis points to 0.35 per cent in response to increasing inflation pressures. The latest
Redraw facilities and offset accounts work in a similar way – they both effectively allow you to reduce the balance of your home loan, which reduces the amount of interest you pay.
Loan to Value Ratio is the percentage of the loan against the value of the property. It is how much loan you have divided by the market value of your house.
Do you know that you can use the equity of your home as a deposit to buy a 2nd property without using your own cash? If you think property investment is something
Refinancing a loan can take advantage of lower interest rates to bring down the overall cost of servicing a loan. But it’s not always the best, or the only, option. There are
Refinancing can be a great way to save money, but you might incur costs such as exit and establishment fees, government charges and administrative or legal expenses. These costs need to be weighed against the benefits to determine if you’ll save in the long run.
Find out about your existing loan, repayments, interest rate, and current loan structure. This information can be found in your home loan statement.
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
Choosing a fixed interest rate home loan does offer comfort and certainty over your loan repayments. But fixing your rate generally comes at the cost of less features and flexibility. Here is what you need
This impacts all eligible consumer credit accounts. These are accounts that provide or can provide consumer credit such as home loans, personal loans
It’s why most lenders take your credit report into consideration when assessing your suitability for a loan.
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.
