First Home Buyers Blog
WA First Home Buyer Stamp Duty Concessions Explained
Buying your first home is an exciting milestone. It can also come with a range of upfront costs that many buyers do not expect. One of the highest costs is stamp duty. In Western Australia, eligible first home buyers may be able to access stamp duty concessions or even a full exemption in some circumstances.…
How Interest Rates and Lender Policies Can Affect Your Borrowing Capacity
If you’ve been thinking about buying a home, investing in property, or refinancing, you’ve probably heard plenty about interest rates. When interest rates move, many people focus on how their repayments may change. While that is important, there is another factor that often gets overlooked. Interest rate changes may also affect your borrowing capacity. Your…
What is LVR?
LVR is a term that is used a lot when it comes to finance. LVR is the Loan to Value Ratio. This ratio is used by lenders when determining how much you can borrow. This ratio allows the lender to determine your risk when it comes to borrowing. The higher the LVR, the higher the…
A Summary Of Keystart
Keystart Home Loans have been around since 1989. The initiative was introduced by the Western Australian government. Keystart is wholly owned by the Housing Authority. The aim of a Keystart Home Loan is to assist people in to their own home. Since inception, Keystart has helped over 80,000 West Australian individuals and families achieve home…
What is LMI?
Lenders Mortgage Insurance or LMI is the name given to an insurance product that lenders will force a borrower to undertake when they fail to meet certain criteria. Typically, a lender will request the borrower takes out LMI when their deposit is lower than 20%. This can allow a borrower to take their borrowings up…