Credit Card Debt and Mortgages Being Managed Properly

This year has been a profitable one for Australians and their credit card debt. According to latest percentages, Aussies seem to be managing much better with their mortgages; their mortgage repayment appears to be going along much better than when compared with the previous year. Reports from the ABS data showed that their credit card […]

By |March 29th, 2016|Categories: Credit Card Consolidation, Debt Management, Home Loans|Tags: , , , , , |Comments Off on Credit Card Debt and Mortgages Being Managed Properly

Are You a Victim of High Mortgage Interest Rates?

In recent years, many of us became victims of high mortgage interest rates without even realising. This problem affects mostly the home loans because their term is the longest. But how can you know if you are in such a situation, too?
High Mortgage Interest Rates – Are you a victim?
Verify your current loan

In the case […]

By |February 26th, 2016|Categories: Home Loans, Interest Rates|Tags: , , , |Comments Off on Are You a Victim of High Mortgage Interest Rates?

Fast Track Your Mortgage Repayment

Did you recently check the present status of your home loan and the progress you are making? If not, it is about time you did that. Why? Tracking your mortgage could genuinely help you to save a great amount of money while, at the same time, you can make your mortgage repayment increasingly faster.

This way, […]

By |February 2nd, 2016|Categories: Home Loans|Tags: , , , , |Comments Off on Fast Track Your Mortgage Repayment

Do Rentals Mean Losing Money?

The general, common saying that living in rentals equals to throwing money away is certainly not new, is it? And at first, it would seem this way. Rental means you don’t buy the house you live in, compared with purchasing a house that, in time, becomes yours eventually. Still, various aspects are often overlooked concerning […]

By |December 29th, 2015|Categories: Home Loans, Interest Rates, Refinance/Refinancing|Tags: , , , , , |Comments Off on Do Rentals Mean Losing Money?

Different Home Loans between Different States

About twenty years ago, the average Australian home loan was estimated at the sum of $100,000. Things were different ten years before that when the average home loan was under $40,000. And, at the present moment, the reality shows us different and increasingly higher figures. In order to comprehend the way in which everything changed, […]

By |December 18th, 2015|Categories: Debt Consolidation, Home Loans, Renovation Loans|Tags: , , , , |Comments Off on Different Home Loans between Different States

Home Loans – Do’s And Don’ts

Finding suitable home loans for your needs is a tedious task. A lot of people say that purchasing the house you want to live in will be you single greatest expenditure. So it is important, especially to future lenders that they are well prepared in entering in to this kind of. No one likes getting rejected, especially […]

By |June 25th, 2015|Categories: Home Loans|Tags: , , , , |Comments Off on Home Loans – Do’s And Don’ts

Consolidate Debts Into A Home Loan

Australia’s interest rates have decreased drastically and now is the best time in years to consolidate debt or get a loan for a new home or both! Given the interest rate atmosphere and the ease of combining of debt into a new home loan, now is the best time to get all your debts rolled […]

By |March 10th, 2015|Categories: Debt Consolidation, Home Loans|Tags: , |Comments Off on Consolidate Debts Into A Home Loan

Interest Rate Cuts by RBA, Great News for Home Owners and Businesses

Earlier this week, the country’s two biggest banks passed on the latest interest rate cuts for loan customers. The Commonwealth Bank and Westpac have paved the way for other banks expected to follow suit on Friday February 6. The Reserve Bank of Australia’s (RBA) official rate cut will begin its full effect on February 20, […]

By |February 6th, 2015|Categories: Home Loans, News|Tags: , , , , |Comments Off on Interest Rate Cuts by RBA, Great News for Home Owners and Businesses

Getting Savvy For Better Home Loan Rates

Home loan rates vary a lot from bank to bank and also from year to year. Locking in a low rate can significantly lower a home buyers cost over the long term so getting the best rate possible is one of the most important negotiations that a person will ever have to make. There are […]

By |December 29th, 2014|Categories: Debt Consolidation, Home Loans|Tags: , , , |Comments Off on Getting Savvy For Better Home Loan Rates

Benefits of Second Mortgages

How do Second Mortgages Work?
Many people are familiar with the idea of a first mortgage on a property. The idea is fairly straight forward. You take out a loan which is secured by a particular property. It serves as collateral which reduces the risk for the creditor and makes it more likely that the property owner will get the loan. However, fewer people are familiar with the idea of a second mortgage. This is unfortunate because this type of financial agreement can offer some real benefits.

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By |July 21st, 2014|Categories: Home Loans|Tags: , , , |Comments Off on Benefits of Second Mortgages

4 Things to Do to Avoid Defaulting on Your Mortgage Repayment

If you have a current mortgage and you suddenly lost your job or your source of income, you surely are in trouble. Aside from making ends meet for your daily necessities, you have to find ways to continue repaying your home loan. That will be a big challenge especially if you are certain you cannot afford to shoulder your monthly mortgage repayment anymore.

It is a must to avoid falling into a default. Aside from possibly being evicted from your own home, you will not like its long-term effect on your credit history. Try to prevent it from happening. Here are four effective ways to do so. […]

By |October 16th, 2012|Categories: Home Loans|Tags: , , , , |Comments Off on 4 Things to Do to Avoid Defaulting on Your Mortgage Repayment

5 Ways to Leverage Your Home Equity

Tapping a home equity is now more natural just like mowing the lawn. If you are a homeowner and you want to maximise your ownership of your property, you should realise that there are more than enough reasons to finally cash in on your home equity. You may use the money to get into viable financial activities that you surely would benefit from in the future.
Leveraging could be risky but only if you would use it to get into deeper financial pitfalls. You could possibly avoid any risk of leveraging your home equity by using it to increase or boost your personal wealth. Here are some suggestions on how you could effectively and successfully leverage your home equity.
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By |March 20th, 2012|Categories: Home Loans|Tags: , , , |Comments Off on 5 Ways to Leverage Your Home Equity

4 Ways to Deal with Home Loan in Arrears

Have you been struggling to pay your home loan? If you have been building up your debt, you may have possibly missed out on one or several monthly payments. Or you may have been paying smaller amount than the minimum payment amount required. Thus, you may have to deal with home loan in arrears. How to deal with this problem? Here are four effective ways. […]

By |February 2nd, 2012|Categories: Home Loans|Tags: , , , |Comments Off on 4 Ways to Deal with Home Loan in Arrears

Is It a Good Time to Buy Property in Australia?

The Australian property market is not expected to drop, but it is projected to remain steady all throughout this year (2011). Price tags are set to remain within their current levels but would more likely grow moderately in the next two years. This is the unanimous forecast of numerous industry analysts and observers in the country.

Housing market experts note that local property prices could remain flat or slightly rise within the coming months. However, they assert that homebuyers need not worry. Price increases across the country are still low when compared to housing costs in most other developed countries. Thus, it is still the best time to find and buy Australian properties. […]

By |June 29th, 2011|Categories: Home Loans|Tags: , , , , , , |Comments Off on Is It a Good Time to Buy Property in Australia?

Affordable Homes in Australia

A recent property report has shown that home affordability is better now than a year ago. The Housing Industry Association and Commonwealth Bank First Home Buyer Affordability index was 41% higher than in the corresponding period a year ago.
However the dream of home ownership has become tougher over the past couple of months with the index declining by 5.1% to 152.5 points in the June quarter from 161 index points in the March quarter. […]

By |May 24th, 2011|Categories: Home Loans|Tags: , , , |Comments Off on Affordable Homes in Australia

Packed to the Rafters: Sydney set to Face Housing Crisis

Due to increasing fertility and immigration influxes, Sydney is set to face new stream of housing shortages.
New Research suggests that the city will need over 33% more apartment blocks and houses than initially proposed in the NSW State Government’s 25 year city growth plan.

It has been found that an extra 876, 640 city dwellings will be needed by 2031, a significant rise from the initial government projections of the 640, 000 proposed.

Director of SGS Economics and Planning, Patrick Fensham describes the consequences, “That will mean pressure on housing affordability, people staying at home longer, cramming in more bodies that people like to in the house.”

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By |May 24th, 2011|Categories: Home Loans|Tags: , , , |Comments Off on Packed to the Rafters: Sydney set to Face Housing Crisis

NSW Tops Home Loan Default List

As the unemployment rate in Australia continues to rise, up to 1 in 16 homeowners are defaulting on their home loans. Of the top 20 postcodes where mortgages are more than one month in arrears, 19 postcodes are in NSW, data obtained by The Daily Telegraph reveals.
An analysis by the UWS’s Urban Research Centre has found that areas along the M4, Windsor Rd and Canterbury Rd, as well as the Central Coast, are feeling the impact of the alarming recession. The hardest hit is the area around Fairfield and Liverpool, where the latest figures show that the unemployment rate has jumped to 10.5% (the highest it has been since 2001).

The top areas in NSW for defaulting on home loans is Nelson Bay, followed by Raymond Terrace, Katoomba, Greenacre, Guilford, Fairfield, Cessnock and St Marys. […]

By |May 23rd, 2011|Categories: Home Loans|Tags: , , , , , |Comments Off on NSW Tops Home Loan Default List

First Home Buyers See Home Loan Inflation

In the past two years the average home loan amount for first home buyers has risen by 23% showing home loan inflation. This increases fears as the Government incentives for young buyers have been said to be falsely inflating the market.
The average home loan amount increased from $228,600 to $280,600 a massive $52,000 in just two years. The significant increase in first home buyers in recent months has seen first home buyers become an important part of the residential home loan market.

The actual number of first home buyers also rose sharply; rising from just over 9,000 to more than 14,400 in the past year. With so many first home buyers entering the market home loan inflation could make it harder to buy.

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By |May 23rd, 2011|Categories: Home Loans|Tags: , |Comments Off on First Home Buyers See Home Loan Inflation

Borrowers Fail to Seek Out the Best Home Loans

Home loan borrowers are paying an extra $2.7 billion a year in repayments because they don’t shop around to find the best deals available to them. After this week’s interest rate increases by the major banks, more than 60 other lenders had cheaper home loan rates.
As Australian consumers are usually pretty savvy when it comes to their finances, it is baffling that consumers don’t take up the opportunity of lower interest rates on their home loans. Attaining lower interest rates can be easily achieved, simply by choosing a smaller lender than the major banks; this is worthwhile especially in today’s uncertain economy.

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By |May 23rd, 2011|Categories: Home Loans|Tags: , , |Comments Off on Borrowers Fail to Seek Out the Best Home Loans

Share a Home Loan

If you can’t afford to purchase a home on your own, why not consider getting a home loan with close friends or family.

This trend has become increasing popular as many people are trying to take advantage of the first home owners grant boost before it reduces in October, and then cuts out in December.

In today’s economic times, borrowing has changed – most lenders now want to see deposits and a genuine savings history. One way to get into the property market before the boost runs out is to join deposits with a friend or relative.

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By |May 23rd, 2011|Categories: Home Loans|Tags: , |Comments Off on Share a Home Loan

Property Market Strong – Sell Now

Property markets are booming ahead of the spring selling season, however analysts warn that the selling blitz may be a sign that vendors are making a move ahead of an expected hard selling season ahead.
Saturday, 28th August saw agents in Melbourne sell a massive $341.9 million worth of property, which cleared 70% of the 658 properties up for auction, according to the Real Estate Institute of Victoria.  Melbourne’s most expensive property sold was a four-bedroom, family property at Ivanhoe that went for $4.3 million.  The cheapest was a three-bedroom house at Rockbank that went for $237,000.
Sydney auctioneers cleared 73% of their 316 listed properties, with the most expensive being a six-bedroom federation-style home in Burwood – selling for just under $4.2 million.
In Brisbane, a less conventional market, 49% of the 58 properties for auction were cleared, which was up from 12% of 50 properties this time last year.
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By |May 20th, 2011|Categories: Home Loans|Tags: , , |Comments Off on Property Market Strong – Sell Now

Brokers Beat Banks on Customer Satisfaction

Recent research has found that borrowers who use mortgage brokers to source their loan are more satisfied with the service provided and their end loan product than those who source their home loan through the banks.

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By |May 19th, 2011|Categories: Home Loans|Tags: , , , |Comments Off on Brokers Beat Banks on Customer Satisfaction

Selling Your Home or Investment Property

Congratulations on the prospective sale of your property. It is often an exciting and yet stressful time. Let’s face it, putting your property on the market is a big step.
So tell me, why are you selling?
There are many reasons you could be selling your property, do you want to upsize? Maybe you want to downsize? Perhaps you are finding the burden of your existing mortgage just too much?
If you are struggling with your current monthly commitments and need short term funds to help you over the hump until your property sells, call us now on 1300 138 188 for a confidential enquiry with one of our team. […]

By |May 12th, 2011|Categories: Home Loans|Tags: , , , |Comments Off on Selling Your Home or Investment Property

New Trend Forced in Mortgage Market

New figures suggest that there is a new trend emerging in the mortgage market; non romantic couples entering into a shared mortgage.
It is becoming more and more common for people to enter into a joint borrowing arrangement which maximises their deposit and lowers the ever increasing repayments. The alternatives of soaring rent prices or individually […]

By |May 12th, 2011|Categories: Home Loans|Tags: , |Comments Off on New Trend Forced in Mortgage Market

Home Reposession

Home Reposession Increase
Based on Home Reposession figures from the Supreme Court, a recent ABC Four Corners investigation found around 10,000 Australians are losing their homes every year.

With factors such as rate rises in mortgage repayments, it is of no surprise that more Australians are struggling with debt. As Treasurer Wayne Swan discerned “there are a lot of people out there under tremendous financial pressure as a result of interest rate rises, who when they originally entered into the loan were looking pretty good when it came to meeting the repayments and discharging their responsibilities.” […]

By |May 12th, 2011|Categories: Home Loans|Tags: |Comments Off on Home Reposession