How to avoid paying Lenders’ Mortgage Insurance (LMI)?
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
Refinancing cost and fees
Refinancing can be a great way to save money if you believe you are paying too much for your loan, but there is more to it than just finding a loan with a lower
How Do Lenders Assess Your Home Loan Application?
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.
Home Loan Refinancing: When you should do it?
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
Ultimate tips for First Home Buyers in their 50s
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
Home Loans for Doctors – Up to 90% LVR with No LMI
Doctors are fortunate they get these incentives that are unavailable to regular borrowers. How much can a medical practitioner save when buying a property?
Home Loan Schemes and Grants for First Home Buyers Over 50
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.
Are you ready for the rise in interest rate in 2022?
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 […]
Are 40s and 50s too old to buy a 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.
Can a mature age borrower get a home loan?
Yes, it’s tough to get a home loan, especially when you are 50 years old and over but there are ways. We just need to assure the bank that you have the capacity