Home loan hints and tips
Being prepared when getting your home loan
Applying for a home loan is the first step towards home ownership. It’s an exciting time, but it’s also a complex process, which includes several basic steps.
Can I use equity in my property to build wealth?
Some first home buyers want to turn their property into more wealth, which they do by growing their equity: that is, the part of the property’s value that is not owed to their lender. There are two kinds of equity to think about.
How can a mortgage broker help me get a home loan?
Finding the right home loan can be a complex and time-consuming task, especially for first home buyers. Many borrowers navigate the daunting number of options by using a mortgage broker to source their loans – around half of residential mortgages are now written by brokers in Australia. But is a broker for you?
How can an offset account help me repay my home loan faster?
If you can reduce the interest payments in your home loan, you speed the repayment of the principal amount and accelerate the pay-out of the mortgage.
How can residential investment property work for me?
When you buy a property with the intention of renting it, you are a property investor. There are two main circumstances investors will find themselves in; positively geared and negatively geared.
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