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?
the government has introduced grants and schemes that will allow first home buyers, older borrowers included, to purchase a home with as little as a 5% deposit.
With the rise in the cash rate, the big four banks passed the .25% rise to its borrowers. So what should you be doing today to help you ride through the future rate rises expected this 2022?
One tactic some buyers use is to make a pre-auction offer before the property goes under the hammer. The idea is that if you make your offer enticing enough
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 inflation data showed Australia had recorded the highest quarterly and annual increase in more than two decades. The last time the RBA increased interest rates […]
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.
Lenders mortgage insurance (LMI) is required when the value of a loan is more than 80% of a property’s purchase price, or property valuation if refinancing.
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.
IS 50 YEARS OLD TOO OLD TO BUY A HOUSE?
They’ve always wanted to buy a home and have spoken to two brokers before they approached Maverick Finance about their chances of getting a home loan. When we understood their financial situation, we came up with a strategy.