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Different Upfront Costs You Need to Prepare for When Buying a House
Buying a home for the first time is truly an exhilarating experience, but before you unlock the doors of the first house that fits your bill, it’s important to take a step back and prepare for all the other upfront costs you need pay. That’s right, saving up a budget for your future home involves…
The Top 5 Refinancing Mistakes to Watch Out For
According to recent research, 59% of Australians face financial anxieties through day and night. This could be due to a myriad causes, with mortgages as one of the main sources. If you’re one of them, then you’ve come to the right place. We’re here to help you by discussing crucial points regarding refinancing. Refinancing can…
4 Compelling Reasons to Buy a Home Early in Life
Buying a home in your 20s or 30s is every young Australian’s dream and with good reason. There are compelling long term advantages to buying earlier in life, including a sense of independence, building fundamental budgeting skills and financial freedom. Here, we explore the reasons why buying a property early in life can set you…
Pay Off Your Mortgage Faster With These 5 Financial Tips
Buying a house is likely to be the most costly investment you will ever make, so it’s no surprise that mortgages may take decades to pay off. However, if you manage your money well, you can pay off this debt sooner and allow yourself more time to save for your next large purchase or investment….
Mortgage Default 101: What Happens When You Can’t Pay?
When you miss a mortgage payment, that means you just had a mortgage default. Seeing as lenders expect you to pay on time and as promised, you get penalised and pay a fee when you miss a payment. The only way to remedy this is to ensure you don’t miss a payment and continue paying…
5 Practical Tips When Buying a Home on a Single Income
It can be challenging to save up for your dream home if you’re on a single income. But that doesn’t mean that it is not possible. It just requires more of your determination and discipline, which are essential to saving resources. Here are some practical tips that you can use when you’re planning to buy…
The Advantages of Splitting your Home Loan Between Variable and Fixed
With everyone discussing the inevitable interest rate hikes coming sooner than what’s expected, homeowners are now wondering about what they can do to protect their budgets. While there may be a few options, one that’s worth exploring is a split rate home loan: How Cash Rate Hikes Affect Home Loans If you have a mortgage…
Choosing Between Fixed-Rate Loan and Variable-Rate Loan
When you take out a home loan, one of the most significant decisions is going with a fixed or variable interest rate. Both interest rates have advantages, but they also have different risks involved with each one. This blog post explains the advantages and disadvantages of fixed and variable interest rates on a home loan. …
Understanding the Key Differences between Loan Types
Loans are part and parcel of a homeowner’s life. In fact, most people have to take out loans to acquire the house of their dreams. Before that happens, though, one must first know the different loan types available. See them below. Variable Rate Home Loans The interest rate of variable rate home loans goes up…
Different Reasons to Buy an Apartment as Your First Home.
For first-time home buyers, picking between an apartment or a house can be tricky. While the former may not have as many features, it is often easier on a person’s wallet. That being said, if you still can’t make up your mind, no worries. In this article, we’ll discuss why it is always the better…