According to the Review of Mortgage Broker Remuneration [https://asic.gov.au/media/4184781/mortgage_broker_review_what_we_found.pdf] conducted by the Australian Securities and Investments Commission’s (ASIC) in 2017, it was concluded that about 54% of home loans were issued via mortgage brokers. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is also expecting a growth of 9.6% in mortgage lending from 2019 to 2024 [https://www.austrac.gov.au/sites/default/files/2021-06/AUSTRAC_
With the Reserve Bank of Australia (RBA) [https://www.rba.gov.au/] announcing its target to keep the cash rate at the lowest recorded level of 0.10% [https://www.rba.gov.au/statistics/cash-rate/], refinancing during COVID-19 sounded very much like a magic bullet to reduce your expenses, especially if you are in a difficult financial situation during this pandemic. Currently, the low interest rates in Australia have prompted financial institutions to introduce new low home loan interest rates.
After months of property hunting you have finally found your dream house. So, what’s next on your list? To get your home loan approved? To talk to a bank or a mortgage broker that you trust? Or to complete the necessary legal paperwork to secure your dream property? The answer is all three. Buying a house, especially for first-timers, can be a daunting task with so many things to keep on track. In this article, we will talk about the following: * First Home Loan Deposit Scheme (FHLDS) in Aus
Applying for your first home loan can be daunting but with BFG's guide on saving for house deposits, it doesn't have to be.
Curious about your borrowing power? Read on to find out how the banks calculate it, what this means and how BFG can provide the best value for you.
Looking to refinance your home loan but not sure what you'll need? Check out our handy home loan checklist so you don't miss anything.
If you’re still in the early part of your home buying journey, you are probably still weighing up different kinds of home loans.
Commbank, Westpac, ANZ, NAB. Those are just four banks and it’s far from a comprehensive list.
If you’re pretty much right at the beginning of your home buying journey, you may be wondering if you are eligible for a home loan.
Are you still a little bit unclear on what stage of the home buying process you will need to pay a deposit at, and how much you’ll need to pay? In this post, let us walk you through what a holding deposit is and when it will be due. What is a holding deposit and why do I need to pay it? A holding deposit (not to be confused with a home deposit) is a fully refundable payment designed to give an indication of a buyer’s intent to go through with the purchase of a property. It is typically paid b
So, you’ve found your dream place online. You’ve arrived for an inspection on a Saturday morning and fallen even more in love with the property. Now it’s time to get some facts about the property’s history to make sure everything is all in order. In this blog, we’ll focus on building and pest inspection. Read on to make sure you’re have checked everything off that will be included in the inspection so that you don’t get caught out with any nasty surprises. 1.Find the right provider This is
Looking for an easier way to get a home loan? Consider a home loan pre-approval.
So you’re ready to start the home loan application process, but you’re not sure what documents you’ll need to provide to your lender. Preparing the right documents can mean the difference between your application being approved and rejected, so this is an important step in the application process. This home loan checklist will give you an idea of what documents you'll need to gather for your home loan application and why they're important. You can also use our home loan checklist document [htt
Interested in a family guarantee home loans? Here's everything you need to know about guarantors and their risks and benefits.
Please note that this comparison rate applies only to the example or examples given.
As such, results are indicative of the amounts and terms given. The results do not consider costs such as redraw fees or early repayment fees, and cost savings such as fee waivers.
Any advice given above is general and does not take into account your objectives, financial situation or needs. If you would like more personalised advice please get into contact with one of our mortgage brokers at Benevolence Financial Group as they will provide you with advice that is more comprehensive and tailored to your situation.