The very popular First Home Loan Deposit Scheme is back again with first home buyers once again set to benefit. The latest Federal Budget has put a clear focus on helping first home buyers get into a new home and as a result, the FHLDS has been extended and expanded. However, there are some key…
We all want to get a bargain when we buy a property, however, the reality is that you need to meet the vendor halfway in most cases. Knowing how much you should offer and exactly where you need to meet the vendor when it comes to price comes down to asking a few key questions….
Recently, the Federal Government announced that it would be removing responsible lending laws, in a bid to free up credit and help boost the economy. What do these changes mean for borrowers? Responsible lending laws were introduced on the back of the Global Financial Crisis as part of the National Consumer Credit Protection Act 2009….
The vast majority of people who look to purchase property will do so with the help of finance. If you need to use finance to purchase a property, then you certainly need to include a ‘subject to finance’ clause in your offer. A subject to finance clause is a condition that is attached to the…
As we know, all borrowers have different circumstances and that’s why there is never a one size fits all approach when it comes to lending. For the majority of full-time employees with a good credit history, you will likely have a range of options and be able to look at a regular home loan. To…
As the window begins to close to access the Government’s HomeBuilder grant, there is still enough time to capitalise if you’re looking to build or substantially renovate. Given that the requirements are high for renovators, many people might be looking to borrow, in order to fund their home renovation. There are a number of finance…
One of the most frustrating things that could happen to a homebuyer is getting your application for finance declined. By this stage, you’ve already likely been to dozens of home opens, organised all your paperwork and potentially even put an offer in on a house. Falling over at the last hurdle is not only frustrating,…
Many first home buyers can often get caught out with the concept of genuine savings. When applying for a home loan, having a deposit that you’ve saved is something that most lenders like to see. When you are able to save, it demonstrates that you are able to handle your finances, which makes you someone…
One of the most powerful elements of property investing is that you can access the equity you have in your current property to continue to invest and grow your portfolio. It can be a misconception that you need to have huge sums of money to grow a large portfolio when in reality, you just need…