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 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 […]
6 Mistakes to avoid when refinancing in 2023

If you’re considering refinancing, it’s a good idea to be aware of a few pitfalls when doing your research. Here are six mistakes to avoid.
Alt Doc Loan: A guide for self-employed borrowers

Alt doc loans allow borrowers to prove their ability to service a loan using alternative forms of documentation, such as bank statements, declarations
How to prepare for rising interest rates?

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?
How to compare home loans and features?

Which home loan is right for you? How can you tell when there are so many different lenders, loan types and features available?
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.
A homeowner’s guide to refinancing

In this article, we provide the process of refinancing your home loan, breaking it down into simple layman’s terms.
What You Need to Prepare to Refinance Your Home Loan

Refinancing your home loan can be a great way to save on your mortgage repayment. Here are a few tips to help you with the refinancing process.