Category Archives: Uncategorized

One of the most common questions I am asked as a Mortgage Broker is: “Should I get pre-approval with a lender before I start shopping for a home?” The answer is definitely yes, but there are a few things you should be aware of before you go out and sign a contract to buy aContinue reading “Is getting a Pre-approval worthwhile?”

As a mortgage broker one of the most common questions I receive from clients is whether they should fix the interest rate on their Home Loan. With interest rates rising and the cash rate increased just last week by a further 0.50%, borrowers on variable rate loans are seeing their loan repayments increased significantly fromContinue reading “IS NOW THE BEST TIME TO FIX THE RATE ON YOUR HOME LOAN?”

As a mortgage broker I see a lot of clients who are wanting to get into the property market, but they don’t have a huge deposit. They may have been renting for a while, or are first home buyers who have been saving but keep seeing property prices rising, so rather than waiting longer toContinue reading “UNDERSTANDING LENDER’S MORTGAGE INSURANCE”

Over the last 2 years interest rates have been at their lowest level in our country’s history. Since the start of the pandemic in 2020 until September last year, fixed rates of less than 2% were offered by lenders for 2 and 3 year fixed periods. For anyone who decided to lock in a rateContinue reading “WHY ARE FIXED RATES INCREASING?”

A common reason why applications submitted to lenders get declined is because of an applicant’s credit score. A credit score is typically a number between 0-1,200 and is made up of several criteria – credit conduct history, the amount of credit enquiries, the type of enquiries made and the length of time the applicant hasContinue reading “CREDIT SCORE – WHAT IS IT AND WHY IS THIS IMPORTANT WHEN APPLYING FOR A LOAN?”

Applying for a Home Loan can be a nervous time for any prospective borrower. Whether you are hoping to buy your first home or your fifth, the process to get that final approval can be a difficult and frustrating experience. With greater regulation and the requirement to adhere to Responsible Lending Obligations, lenders are requiredContinue reading “WHAT LENDERS LOOK FOR WHEN ASSESSING YOUR HOME LOAN APPLICATION”

As a mortgage broker one of the most common questions I receive from clients is whether they should fix the interest rate on their Home Loan. Since the commencement of the COVID pandemic there has been a surge in clients locking in at least some of their Home Loan into a fixed rate to takeContinue reading “IS NOW THE BEST TIME TO FIX THE RATE ON YOUR HOME LOAN?”

One of the greatest challenges for State and Federal Governments is housing affordability. Trying to help the younger generation by their first home, or help people get out of the rental cycle, has been a focus for some time. There have been several initiatives announced by both levels of government over the last few budgetsContinue reading “STATE AND FEDERAL INCENTIVES FOR FIRST HOME BUYERS”

Why Should You Use a Mortgage Broker? It’s time, time to take control of your finances and stop paying Loyalty Tax to the bank. You want to refinance your home loan to get a better rate, but where do you go? The bank down the road looks like they have a good rate but you’reContinue reading “Why Should You Use A Mortgage Broker?”