Insights

Apartments stand out as an affordable choice when it comes to cracking the property market, not to mention downsizing. But a looming shortage may soon push unit values higher.

There’s a lot to be said for having your home loan pre-approved. But does pre-approval mean you’re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help you get ahead of the competition.

The property market has thumbed its nose at higher interest rates, with values rising almost 5% since March. Here’s why national housing prices are climbing higher.

First home buyers who bought into the market using the federal government’s 5% deposit scheme have racked up $82,000 in home equity on average, new data shows.

In this article, we explore the benefits and considerations of a split loan.

This is a common question we hear and the answer, of course, is it depends on your situation and how you would use your offset account.

Depending on how much you borrow, you may come up against something called Lenders Mortgage Insurance. While this can seem like a significant and unwanted expense, sometimes there’s more to it.

The features of a home loan can be quite confusing as there are so many options to choose from. One of those features is a redraw facility. You may be wandering how this differs to your offset account. Let’s dive in and explore what a redraw facility is all about.

One of the key decisions you will need to make is around the structure of your repayments. You can choose an interest only option or go with principal and interest repayments. There are many things to consider when making this decision.

A redraw facility is a loan feature that is usually available with variable rate home loans and some fixed rate loans. A redraw facility lets you access any extra repayments you’ve made on your home loan.   To use a redraw facility, you first need to make extra repayments, or regularly pay more money on…

A split rate home loan is a loan that allows you to split your home loan into multiple loan accounts that attract different interest rates. A common example is to split your home loan to obtain a variable interest rate on one portion of the loan and a fixed rate on the other. For example,…

Variable rate home loans are popular and offered by most lenders. With a variable rate loan, the interest rate you are charged can fluctuate in line with market interest rate changes. Because of this, your home loan repayments may also vary. Generally, the variable interest rate on your loan will move in line with the…