How a nurse refinanced her home loan with no LMI

Two years ago, Luisa embarked on the exciting journey of homeownership, acquiring a modern two-bedroom apartment in Granville. Her first home purchase was made possible through the First Home Loan Deposit Scheme (FHLDS), enabling her to secure the property with just a 5% deposit, all without the burden of Lender’s Mortgage Insurance (LMI). Opting for […]
How our PR holder clients purchase their home using the First Home Guarantee?

Two hopeful first-home buyers embarked on their home-buying journey, however, they soon discovered that the scheme was exclusively available to Australian
Optimistic Outlook for Australian House Prices in 2024

The Australian property market is showing signs of recovery. National house prices are set to rise, according to a recent survey conducted
Strategies for navigating high serviceability buffer for first home buyers

Banks and lenders often have strict rules to make sure borrowers can handle their mortgage payments. This cushion is called the “high serviceability buffer.”
Mum and Daughter purchasing a home with the help of the Home Guarantee Scheme

Under the Home Guarantee Scheme, they don’t have to pay loan mortgage insurance even if they only have a 5% deposit.
How does the 1% serviceability buffer help mortgage prisoners?

Few banks have come up with assessing home loan applications on a 1% serviceability buffer instead of the 3% serviceability buffer.
Refinancing an expiring fixed rate to another bank

Meet Marcus (not his real name), one of our clients whose fixed rate ended last July 1. He took control of his financial situation by contacting Maverick Finance before his fixed-rate expiration comes into effect. With the existing three loans and the fixed rate on Loan 1 expiring soon, Marcus wanted to explore options to manage his […]
My fixed rate is expiring, what next?

Apple Grace (not her real name) bought her first home 2 ½ years ago. In 6 months, this fixed rate will expire and she wants to know what her repayments will be
Massive changes in the First Home Buyer Assistance Scheme

The First Home Buyer Assistance Scheme (FHBAS) is undergoing some exciting changes, set to take effect from 1 July 2023. These changes aim to empower eligible
New NSW stamp duty reform to make homeownership more affordable

NSW government has increased the stamp duty exemption cap to $800,000, allowing first-home buyers to avoid paying stamp duty on properties priced below $800,000