Home Loans Articles
Relevant Home Loans articles and tips
What is home loan serviceability?
Home loan serviceability refers to your ability to repay a loan, and affects the amount you may be able to borrow from a lender.
Fixed Rate Home Loan (P&I) 2 Yrs (LVR ≤ 80%)
Lock in your rate for two years, and make extra repayments up to 12 months in advance without penalty (fees apply after this)
Can you borrow 100 per cent of a home loan?
Most lenders need you to pay a deposit of at least 20 per cent of the purchase price before approving a home loan. This can take several years to save up. A 100 per cent mortgage doesn't require any deposit. However, these are not readily available and generally require a guarantor.
Is it possible to borrow money from family for a mortgage?
If you’re struggling to put together a deposit worth thousands of dollars for a home loan, a family member could help by contributing a portion of the deposit. For instance, it’s not uncommon for parents to help their children get on the property ladder by giving them a lump sum amount to meet the minimum deposit criteria for a home loan. There are several other ways in which you can borrow money from your family for a mortgage.
How to pay your mortgage while on maternity leave
It’s common for new mothers to take a break from work to take care of their newborn baby. How will you manage mortgage repayments if your income reduces? Here’s how you can plan for this situation.
Understanding mortgage guarantor criteria
If you are looking for home loan guarantor information, this article will provide an overview of the things you must know before you apply for a guarantor mortgage.
Can you refinance a home loan without equity?
Having low equity in your home doesn’t mean that you can’t refinance your home loan at all. However, it does limit your options and adds to your costs. This means that you might have to pay for lenders mortgage insurance (LMI), regardless of whether you’ve paid it before.
How to start saving a house deposit this year
Could this be the year when you finally sign on the dotted line and become a home owner? To do that, you’ll need to save a deposit, which isn’t as easy as it sounds. But there are savings strategies to consider and support options available that may be able to help you make real progress towards your goal this year.
How to gain home loan approval in 2022
You’ve done the hard work of saving up for a deposit for a property, only to discover the work isn’t over come mortgage application time. There are a number of steps you may take to increase your likelihood for mortgage approval in 2022.
What's the minimum deposit for a home loan in Australia?
If you’re looking at taking out a home loan, you’ll need to have a deposit. The minimum amount you need for this deposit will depend on many things.
What is the average mortgage broker commission?
Are you buying a new home and need the help of a mortgage broker? You may want to know more about the commission and trail commission your broker may receive.