You may think you need a 20% deposit to get a mortgage, but that's not always the case.
If you're a first time home buyer, you might not know how to apply for a loan, or how to shop around for brokers.
Your credit history, overall income, and other factors help determine if your loan application is approved or tossed in the reject pile
When you’re applying for a home loan, lenders are going to look at many things apart from the property in question. They’re obviously going to pay very close attention to you, and your suitability as a borrower. One of the things they focus on when determining that suitability is your credit rating.
Before you head out to look at properties to purchase, or even before you reach out to your mortgage broker to start the process of applying for a home loan, using a mortgage calculator can help ease any concerns that you have about your finances and how
The whole point of investing in property is to create lasting financial security.
For most people, especially first-time home buyers, insurance on your home loan is a necessary evil when buying a home. It’s known as Lenders Mortgage Insurance, or LMI, and although you are the one who gets the insurance, it’s not to protect you; it’s there to protect the lender.
Learn from these most common Lenders mortgage insurance (LMI) missteps, and you won’t suffer the consequences that others have.