Circumstances can change, leaving your home loan less suitable than it was originally. A home loan health check can reveal if you’re paying too much.
Interest rates are a big factor in each repayment and the total cost over the life of a loan, so staying on top of your current rate as well as the interest trends across the market is essential.
Dana and Peter put everything they had on the line to start a family, including their credit and home loan. With the expert advice of a credit adviser they were able to start fresh for their baby girl.
Whether you are buying land for an immediate build, as an investment or for a ‘one day I will build and live here’ dream, a vacant-land purchase can be financed by a range of mortgages.
Paying off a mortgage can seem relentless – every payment counts of course, but it can seem to be taking forever to make a dent. Here are some simple ways you can increase the amount you pay off and own your home sooner.
Buying a property carries more costs than just the purchase price, so don’t forget to account for these extras.
There are many paths to successfully financing a property purchase. Recently, an MFAA-accredited credit adviser helped a young couple, who had nearly given up hope, realize their dream.
A simple home loan health check led two police officers to refinance for a saving of $7600 a year in interest.
Applying for a loan is a very big step, and it’s not always straightforward. To help make it simple, here is a handy list of the documents you are likely to need when you meet with your credit adviser.
A line of credit can be a very appealing idea, with immediate access to the limit of a mortgage and no extra approvals necessary. Used wisely, it can make investment and purchase of commercial equipment simple, but it can also spell disaster for the unprepared.
In order to be able to help your business, your credit adviser is going to need to see a range of information. Here we look at what financial and business paperwork you’ll need to take.
Construction loans are just not as straightforward as simple home loans. There are additional decisions to be made about the structure of the loan, additional documentation is required and the funding is released in an entirely different way.
Are you flying solo and starting to think that buying a property will never be possible? There’s really no need to wait for a knight, or lady, in shining armor to come along, as securing finance on a single income does happen.
A good credit adviser can be a great asset. But how do you tell if your credit adviser is any good? A good credit adviser will present you with choice, do product comparisons and be an MFAA member.
If you can't save a deposit to get a mortgage or home loan, maybe your parents, a relative or friend can help with a gift, loan, or home loan guarantee.
Sometimes an individual is left with a bad credit rating after the breakdown of a relationship, and can be rejected by lenders because of it. But that need not be the end of the story.
If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of friends may be a solution. It can also be a minefield though, so here’s how to avoid a blast.
It can be stressful if you find yourself unable to meet your mortgage repayments and you're in danger of defaulting. But you're not the first person to face difficulties, and there is almost always a solution. You just need to talk to the right people at the first sign of difficulty.
A grand front entrance can create a bold first impression, while an outdated door can diminish an opportunity to impress. So how do you decide which doors are best throughout your house, considering safety, functionality and aesthetics?
If you don’t receive approval don’t give up. Speak to a professional in the industry and keep your dream alive.
Negotiating the best property price isn’t a matter of swindling a seller. It’s about doing your homework, knowing what you want, knowing the market and making sensible offers.