Category Archives for "Uncategorized"

Dec 30

5 Things You Should Know About Lenders Mortgage Insurance

By Shane | Uncategorized

So, lets’ say you want to buy a property but you don’t have the minimum 20% deposit required. You’re likely going to pay lenders mortgage insurance, but what exactly is lenders mortgage insurance and is it worth the cost?

A lot of people want to know more about lenders mortgage insurance because often, banks, lenders and sometimes mortgage brokers don’t really explain what lenders mortgage insurance is or they don’t take enough time to explain it. In this article, you’ll be able to get a further understanding of lenders mortgage insurance to fully understand what it is, why it could benefit you, whether or not it’s worth paying for, what exactly does it cover and why you would want to get it. Continue reading

Dec 29

Home Loan Pre-Approval 101

By Shane | Uncategorized

Are you looking to buy a home or investment property soon? You need a loan but you don’t know how much a lender can give you? There are so many banks but you don’t know how much each will give you and which is the right one? Imagine knowing exactly how much you can borrow before finding your dream property. Basically, the process is pretty straightforward. Most people think that it’s going to take a long time so that’s a preconceived notion that isn’t true. It certainly doesn’t have to take as long as most people would think…Continue reading

Dec 06

The Essential Features To Consider When Choosing Your Home: Inside Your Home

By Shane | Uncategorized

You may already have the ideal location for your home, but still find yourself with so many decisions to make including the essential features to consider when choosing the interior of your home. You find it exciting and challenging at the same time, and you may already have some ideas of how it will look inside. Your home should reflect who you are. If someone were to walk into your home, they should recognise that it’s yours.Continue reading

Dec 04

The Lowdown on Lenders Mortgage Insurance (LMI)

By Shane | Uncategorized

Lenders mortgage insurance, also known as LMI, is an insurance premium paid by the borrower that protects the lender against the risks of the borrower defaulting, and the lender doesn’t regain all its money. Doesn’t sound exactly fair, right? The premium for LMI is charged as a one-off premium at the start of the loan and it’s paid by you – the borrower, even though it protects the lender. LMI shouldn’t be confused with mortgage protection insurance, which is about protecting the borrower against the risks when they couldn’t make loan repayments.Continue reading

Oct 25

Why You Need a Conveyancer

By Shane | Uncategorized

Before you go into the points as to why you need a conveyancer, you should clearly identify first what conveyancing is. Legally speaking, conveyancing is a process of transferring the ownership of a legal land title from one person or entity to another. It typically consists of three transaction phases including before agreement, and before and after accomplishment.Continue reading

Oct 18

Things To Consider When Choosing Your First Home Loan

By Shane | Uncategorized

Buying a house is exciting, but your bank account might not be as eager as you are. Considering that financial situation, a home loan would probably be the biggest financial commitment you’ll ever make. Know the things to consider when choosing your first home loan and how much of your savings you are willing to spend. Begin by preparing yourself in reality and determining the true costs.Continue reading

Sep 29

NSW FIRST HOMEOWNERS GRANT 2016: How exactly does it work and how much do you get?

By Shane | Uncategorized

Thinking about buying your first house? Before you can venture the journey to home-ownership, you have to consider some important steps- from finding the ideal location to financing your purchase. If you’re a first-home buyer, you probably know that you’re eligible for government assistance, generally known as first homeowner grant (commonly referred to as FHOG). The process is similar across Australia, but there are differences for each jurisdiction.Continue reading

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