ARTICLES
Borrowing money for renovations: What you need to know.
You’ve been dreaming of that new kitchen and dining room for as long as you can remember, and now the time has come to put your plans in motion. But do you really have the budget to afford the works? Here are a few things to think about before making the leap from...
Ordering less Take Away could increase your home loan chances
When applying for a Home or Car loan, not even your dinner is safe from scrutiny. Personal spending habits on things like clothes, holidays, and takeaway food are becoming under scrutiny when a bank considers your loan application. Banks are now looking at bank...
Will your interest rate go UP or DOWN ?
If you’re buying a home or paying off a mortgage, your interest rate matters. After all, if interest rates go up, you could be paying more for your mortgage. If they go down, you’ll have more money in your pocket and may be able to afford to borrow more or pay your...
Your Credit File is Changing – Will it affect your Loan application?
Comprehensive Credit Reporting (CCR) is a change to credit reporting by banks in Australia. Previously, negative credit reporting was the system Australia operated under, which was based around only making a note of negative credit events such as...
Why use a Mortgage Broker? Get it right the first time!
It’s no secret that the lending industry is in a bit of turmoil, and it feels like every day there are new Sensationalism in the media, enquiries & Royal commissions, changes to labnder’s policy, servicing and processes. It also seems that every...
How to get a home loan when you’re a discharged bankrupt?
Bankruptcy can be life-changing, but it doesn’t mean you can never get a home loan. Bankruptcy is not designed as a punishment. It is more like a financial “reset button.” It is there to help Australians who, through no fault of their own, find themselves in a...