Loan

Are you a home buyer or property investor who wants to know the latest Australian property statistics and facts? Then, this guide is for you. We have collected data from CoreLogic, which shares interesting updates on Australian properties on the market. Take advantage of these property statistics and manage each investment risk effectively. Key Takeaways […]

There are various ways to purchase a property, one such way is to use your superannuation through a Self-Managed Super Fund (SMSF). This option allows greater financial flexibility and investment diversity allowing you to build wealth and secure your future. Although there are a few rules and conditions you should understand first to maximise the […]

Guarantor home loans are rising as more parents help their children crack the Australian property market earlier. As seen in 2021 data, where guarantor loans jumped by 21 per cent, it’s a no-brainer that more first-home buyers would want to jump right in. But before you hop onto the bandwagon, you must know how to […]

Paying off a home loan early can lift a significant financial load off your shoulders and may save you money in the long run. Here are proven ways you can free yourself from financial debt faster. Why pay off your mortgage faster? You can enjoy the freedom of being debt-free faster by boosting repayments early, […]

If you’ve owned a property for a while and paid down a portion of your loan, you might wonder how much equity it currently holds. Understanding your property’s current equity is crucial. It enables you to budget and estimate whether you have enough equity you can leverage to renovate, invest in a new property, or […]

When buying a home, you must consider all the potential hidden costs, including stamp duty, processing & conveyancing costs, and registration fees. Knowing all the costs involved can help you plan and develop a better budgeting strategy to save up. Here are 10 common home buying costs you need to know apart from your deposit. […]

When investing in a property, you often first consider the return on its investment. This is known as rental yield in real estate investment and is crucial when determining which properties and suburbs are worth investing in. Read on to discover what rental yield is, how to leverage it, what makes a good rental yield […]

When applying for a home loan, banks and non-bank lenders may require self-employed applicants and business owners to provide an accountant’s letter explaining any queries. What banks look for in an accountant’s letter Your accountant’s letter should have the following to be considered valid and acceptable: Your accountant’s company letterhead indicates the firm’s Australian Business Number (ABN). […]

Your recent payslips are essential in giving banks accurate information about your current financial situation.  Here is everything you need to know about which types of payslips are accepted by most banks and how you can go around should your payslips not meet the standard eligibility requirements: Why do lenders require payslips? Banks and non-bank […]

When applying for a home loan, banks may require you to provide an explanation letter to clarify a credit issue in the past. If you have been required to send one and don’t know where to start, we brought together default explanation letter templates to get you started. Why do banks need a letter about […]