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 […]
Australian House Prices Set to Rise by the end of the year and in 2024
The Australian housing market is making a strong comeback, surprising many experts.
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 […]
How to finance your second property using your home equity
Before we dive into the nitty-gritty, let’s ensure we’re on the same page when it comes to understanding home equity.
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.