With a home loan it’s easy to just ‘set and forget’. But it’s sensible to review your home loan every three years or so. We’re living in a world of rapid change, where interest rates are at an all time low, new lenders emerge and more competitive products become available so keeping the same home loan for 30 years could cost you more money than you need to spend! In this article, we provide the process to refinancing your home loan, breaking it down into simple layman’s terms. But before we get into that, let us clear up a few common questions about refinancing. [Read more…]
With the current impact of the COVID-19 pandemic effecting individuals and businesses globally, more and more companies are requiring their employees to work remotely. Many people have previously dreamed about working from the comfort of their home to avoid commuting and have more time for themselves and their family. However, working remotely is not always as easy as it sounds. Sure, you are at home, but some will find it’s hard to actually get work done. [Read more…]
Pre-approval is a green light from a lender. Put simply, it confirms you’re eligible to apply for a home loan up to a certain amount. Essentially, the lender checks your financial circumstances, to decide if you’ll meet their criteria and can afford to repay a mortgage. A home loan pre-approval usually lasts for three to six months and gives you a set budget during your property search. Here’s why home loan pre-approval is so important.
Which home loan is right for you? How can you tell when there’s so many different lenders, loan types and features to choose from? How can you compare loans properly when you’re not sure what you should be comparing?
Finding the right home loan for your situation is a process that can be confusing, particularly for first-timers. In this article, we give you a basic guide for making home loan comparisons and tell you more about the features you may need with your home loan.