Home Loans

Securing a home loan is a significant milestone on the path to homeownership. With a multitude of options available, it’s crucial for Australians to make informed decisions when choosing a home loan. This comprehensive guide provides valuable insights on the key factors to consider in the quest for the right home loan tailored to individual […]

Despite mortgages being the largest financial obligation most Australians will ever have, many are still paying far too much over the life of the loan. Here are 11 tips to help you pay yours off today. I’ve discovered it’s not knowledge that most of us struggle with. The real issue, which largely stems from a mass influx

 A key financial goal for most people is to eventually repay their home loan. The internet is filled with countless ideas on how to repay your home loan faster. However, many of these tips tend to be relatively ineffective. In essence, there are only 3 to 4 truly impactful methods to accelerate the repayment of

Any debts you have can have an impact on your mortgage application. As part of the application process, mortgage lenders will evaluate your credit history, including your auto loans, credit cards and personal loans. This will help lenders determine how much you can borrow and if you are qualified for a mortgage.  But don’t fret. If you are

An interest-only home loan, as the name suggests, is where you only pay the interest on a loan and not the principal (the original amount you borrowed). While authorities such as the Reserve Bank often see them as risky, interest-only loans can be helpful in some circumstances. If you’re considering an interest-only loan, here’s what

Australia’s housing market has become harder for first-home buyers to access over time. The past two decades saw an increase of around 150% in the CoreLogic Home Value Index nationally, compared with an 82% rise in the ABS Wage Price Index. As a result, the wealth of property owners looking to buy their next home is

Rising interest rates and living costs can make paying off a home loan feel a bit harder. There’s a reason for this: the average homeowner was set to pay almost $2,000 more per year after the June RBA cash rate rise, according to the analysis from Finder. On top of that, everything from energy prices to

Your end-of-mortgage checklist Three key priorities There are three key practical steps to take well in advance of paying off your mortgage. 1. Check the insurance Your home is likely to be your biggest asset, so it’s crucial to make sure it’s appropriately covered. Research shows that 29% of homeowners don’t have home and contents insurance

Whether you’re a home buyer or an investor, when you’re looking for a new property there are so many things to consider. Determining the best property to buy isn’t as easy as picking the nicest-looking house in your local area. From location to school zones, demographics, and even the number on the mailbox, there are

Deciding whether to buy a new home before selling your current one or to sell your home before buying a new one is a significant choice, and it can feel a bit overwhelming. Both options come with their own set of benefits and challenges, and your decision will be influenced by various factors, including the

In a blog I wrote back in late 2018, I introduced the term liveinvesting. It’s inspired by the concept of rentvesting, where you rent a home in your desired location while investing in property elsewhere. Considering that property prices in certain capital cities like Melbourne are currently more affordable relative to other locations, it’s a good time to