Home Loans Articles
Relevant Home Loans articles and tips
Is a mortgage a secured or unsecured loan?
There are some important differences between secured and unsecured loans. If you’re about to get a secured home loan, it’s essential to understand what you offer in exchange for your mortgage and how to protect it.
Smart Booster Home Loan Discounted Variable - 1yr
special1.99% variable rate for 12 months then 2.48% variable rate
- Interest rates ranked in the best 20%
- No ongoing fees
based on $300,000 loan amount for 25 years at 2.47%
Can I take a second mortgage for home improvements?
If you’re looking for extra cash to start renovating, you may have considered taking out a second mortgage as an alternative to refinancing. Find out the pros and cons to using a second mortgage for home improvements.
Can you buy a house with a reverse mortgage?
A reverse mortgage allows people to borrow against their home’s equity. It’s sometimes an option used by older Australians.
How does the interest rate affect mortgage payments?
If you’ve taken out a variable rate home loan and the interest rate changes, your monthly repayment amount will change. Understand how this works.
What are the tax benefits available to first-time homebuyers renting out their property?
Homeowners may qualify for tax deductions when they rent out the home and make improvements. They can also claim a deduction for loss in any equipment’s value.
Can I use my super for a home loan deposit?
You could withdraw some of your super through the First Home Super Saver Scheme and use it for a partial home loan deposit but check if your lender accepts this.
What you should know about using super for home loan repayments
You can sometimes use super for mortgage repayments if you risk defaulting and losing your home or if you qualify for the First Home Super Saver Scheme.
Factors affecting your mortgage rate
You may have seen mortgage interest rates advertised on lenders websites or sites like RateCity and wondered how they are set and how you can get a better deal.
Loans for first home buyers without any down payment: How they work
Are you trying to buy your first property with no deposit? It may be possible, but it’s worth exploring all the available options.
How to get pre-approval for a home loan as a first-time buyer?
While planning to buy your first home, it’s good to understand how much you’re eligible to borrow. Learn more about the process of getting pre-approval on your home loan.