Nowadays, Australia is teeming with numerous lenders vying to proffer home loans at exciting rates and terms. This may make securing a home loan super easy for you. However, choosing the right one is a daunting task, as even slight differences in charges and interest rates can literally save you thousands of dollars in repayments … Read more
Home loan becomes a necessity for individuals hustling to realise their homeownership dream. Hurtling towards an attractive home loan package without any research may result in unwelcome debt. There are various factors that need to be considered when approaching a lender for a loan. One such factor is choosing a fixed or variable home loan … Read more
The financial landscape is constantly changing in Australia. Thus, the Reserve Bank of Australia (RBA) has been actively adjusting the cash rate throughout the year. Particularly, it all began on May 3, 2022, when the RBA decided to increase the cash rate from its historically low level of 0.10% per annum to 0.35% per annum … Read more
Choosing a home loan may be as stressful as locating the ideal property in Australia, although there are now many options and mortgage companies to select from. But it’s not easy for everyone to find the exact option for which they are searching. So, to remove this problem, we decided to smooth your journey by … Read more
No matter where you live in the world, buying a home is a big deal. Indeed, it is a special experience for anyone. Mostly, people take up home loans to buy their houses. You know the drill, you take up a home loan and repay it over the years. However, this slow process can be … Read more
A new car in the house is always a matter of celebration, isn’t it? Hitting the tarmac with the engine revving up and roaring is a feeling that you cannot get over! Talking about the best car loans, Australia has a wide range of lending institutions that offer car loans at great prices. To simplify … Read more
A cash rate can be described as the interest rate that a central bank like the Reserve Bank of Australia charges commercial banks for loans. This rate is also known as the base interest rate or bank rate. At the beginning of each month, the central banking authority announces if the official RBA Cash Rate … Read more
Stamp duty is a tax levied on certain legal documents to make them valid. The most common stamp duty is charged on property transactions, such as selling a house or land. Stamp duty is also charged on other legal documents, such as leases, mortgages, and transfers of shares. In some jurisdictions, stamp duty is a … Read more
For a majority of Aussies, paying the price of a property upfront is implausible. It is precisely why millions of homeowners opt for a home loan that can be gradually repaid over time. When you play the game of loans, it is imperative that you have a deep understanding of the different trade-offs associated with … Read more
Since, citizens have seen a monthly loan value rate increase, with mortgage lenders having to pass it on their customers. As an outcome, the Australian government has set limited loan-to-value ratios on property value that have risen compared to previous years. Loan to Value Ratio(LVR) allows you to calculate the amount of money a mortgage … Read more