Posted in mortgage
How to manage mortgage stress.
Posted by Mark Attard
on 25 February 2025
)
Mortgage stress occurs when homeowners struggle to meet their mortgage repayments, often when over 30% of their income goes towards their home loan. Rising living costs can worsen this situation, making it essential to understand and manage mortgage stress effectively.Causes of mortgage stressInterest rate changes - higher rates increase borrowing costs.
Job loss or reduced income - changes in employment can impact repayment ability.
Personal circumstances - eve...
Job loss or reduced income - changes in employment can impact repayment ability.
Personal circumstances - eve...
Posted in:Home loansInterest ratesmortgagerepaymentsstress |
What type of home loan do I need?
Posted by Mark Attard
on 22 October 2024
)
Navigating the world of home loans can be overwhelming, especially for first-time buyers. With numerous lenders offering a variety of mortgage options, it’s crucial to find the right one for your financial situation and goals. A mortgage adviser like us can help simplify the process. Contact us today to discuss your options.BOOK NOW1. Principal and interest loansMost home loans consist of two key components: principal (the amount borrowed) and interest (the cost of borrowing). A principal a...
Posted in:Home loansFirst Home Buyersmortgagevariable rateHomeownershipoffsetredraw |
Rentvesting: A smart strategy for first-time buyers.
Posted by Chris Collard
on 20 August 2024
)
With today’s cost of living pressures and the median dwelling value in Australia now at $794,000, many young Australians feel like they’ll never be able to enter the property market.However, it’s important to remember there’s no one-size-fits-all approach to buying your first property. For some, it could be a home to live in. For others, rentvesting makes more sense as it can offer a great alternative to get a foot up on the property ladder.Don't let the numbers discourage yo...
Posted in:Interest ratesRentvestingmortgagecapital growth |
Refinance 101: Things you should consider before refinancing.
Posted by Mark Attard
on 26 June 2024
)
With today’s cost-of-living pressures, it’s more important than ever to regularly review your home loan to see how it stacks up against others.
Refinancing could allow you to find a more competitive mortgage and save you a lot of money over the course of your loan.
However, before you switch lenders, here are a few questions to ask yourself before refinancing.
What’s the cost versus the benefit?
When deciding whether to refinance, you need to understand all of the costs ...
Posted in:Home loansmortgageRefinanceLMIDebt consolidation |
Can Content Creators secure a home loan in Australia?
Posted by Mark Attard
on 26 April 2024
)
Are you a content creator and having trouble securing a loan to buy a home, an investment property or getting a loan for a car?
To understand your options, BOOK NOW.
Frustrated by banks, not knowing how to treat your income and understand your industry.
Content creators often face hurdles when securing a mortgage in Australia, given the unique nature of their income, employment status, and the simple fact that banks don’t know which box to put you in!
A content creator on socia...
Posted in:Home loansmortgageAustraliacontent creator |