Category: Home Loans

When you’re applying for a mortgage, lenders don’t just look at your income, your deposit and your equity – they also look at how much you spend each week, month and year. Many lenders use the Household Expenditure Measure (HEM) to calculate the living costs of applicants HEM takes into account essential expenses like groceries, […]

Setting up a self-managed superannuation fund (SMSF) and using it to buy an investment property can be a successful strategy for some, but has the potential to be a costly mistake. For certain individuals with the right management and market conditions, it can help build their retirement nest egg. However, for others, it can result […]

Many borrowers simply want a home loan with the lowest interest rate possible. It makes sense: a low-interest home loan can mean lower repayments and less interest charged over the lifetime of the loan. But while interest rate is a very important factor when weighing up your mortgage options, there is much more you need […]

There’s more to a home loan than just the price tag. That’s why borrowers should aim to find the most suitable loan rather than the loan with the lowest interest rate. That’s not to say the interest rate isn’t important – it is. But rate is just one of several things that borrowers should consider […]

For home owners with multiple sources of debt, the idea of bundling several financial obligations into one loan may be tempting. Instead of having to keep on top of credit card and personal loan repayments, all their debts can instead be funnelled through their home loan. However, debt consolidation home loans are not for everyone. […]

Did you know that there are more than 100 mortgage lenders in Australia? And did you know that many of them offer superior pricing and service to the big four banks? Many Australians automatically use one of the big four banks when they take out a home loan. Most of the time, this is because […]