To Fix or Not to Fix Rates? – That is the Question It’s fair to say no one really knows what’s going to happen with interest rates over the next few years. Even though we can all speculate on what may happen with interest rates, until the actual day of…
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The number of new loan commitments to first home buyers increased by 1.9 per cent to 11,622 over November – the first time in nine months the total has grown. But, it was 17.4 per cent lower than a year before. First home buyer activity in Victoria grew, with new…
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The government will roll over more than 4,500 unused guarantees for first home buyers from the previous financial year, giving aspiring property owners a second chance. In a joint statement, Prime Minister Scott Morrison and Minister for Housing Michael Sukkar have declared the government will reissue 4,651 unused grants for…
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MFAA News Over the past 12 months, the membership of the Mortgage and Finance Association of Australia (MFAA) has continued to grow strongly, resulting in total membership soaring past 14,000 for the first time in the Association’s history. This ongoing growth in membership is critically important in strengthening the Association’s…
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Looking to buy your first home? If you’re looking to buy your first home, chances are you’re also looking for your first home loan. It may seem daunting, but it doesn’t need to be. With some expert advice and help along the way, you can find the right loan and,…
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What type of mortgage suits you now? There’s much more to refinancing loans than just finding more attractive rates and fees. Obviously a low rate is important, but it’s not everything. Your new loan may be a different type of facility to your current mortgage and offer features that make…
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How Much Does it Cost to Refinance? One of the main reasons to refinance is to improve your financial position. So you’ll need to know the costs involved in ending one loan and moving to another. Only then can you weigh up the benefits of switching loans. The best way…
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Why Should You Refinance? Reviewing your home loan every year or two is a good habit to get into. As the market and your circumstances change, the home loan that was right for you previously, may no longer suit you now. You may be looking to save some money, consolidate…
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Is Your Home Loan Still Right for You? What to Consider When it Comes to Refinancing. Do you know how well your current loan stacks up? Because since your home loan was approved, chances are that interest rates may have moved and, no doubt, parts of your life have too.…
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Some great information here from Karen Adams... Did you know there are three crucial elements to gaining approval for your home loan application? However, I have found that most people only focus on the first two and leave the all-important third element to chance. By missing this key indicator, they…
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