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 […]
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
What is Priority Refinance and how does it work?
Priority Refinance, also known as Fast Refinance, is a streamlined and faster refinancing solution compared to traditional refinancing processes.
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.
The upsides and downsides of home loan debt consolidation
A lot of small debts can balloon into one big headache. A simple way to get things under control could be to refinance your home loan to consolidate debt. So – is it right for you?
A beginner’s guide to Cash-out Refinance
Cash-out refinancing is a type of mortgage refinancing that enables you to tap into the equity in your home by taking out a new loan with a higher loan amount
Understanding Rate Lock: What it is and how it works
If you’re in the process of buying a home or refinancing your mortgage, you may have come across the term “rate lock.” We’ll explain what it is and how it works
Tips for buying a house when the interest rate and inflation are high
With high inflation, the rise in the cash rate, and the increasing interest rates, as well as the drop in property prices, what should you be doing to navigate the property market?