It’s the situation every prospective homebuyer and investor dreads – receiving the notification that the bank isn’t willing to loan you the funds you need to secure your dream property. If this happens to you, all hope is not lost. You could still find yourself exchanging contracts and making renovation plans, if … [Read more...] about The bank rejected your loan? This is your next step.
There’s someone in your life that you haven’t been paying attention to. At least, not as much as you need to. And you should, because this particular entity is the gatekeeper of one of the most important aspects of your life: your money. Who are we referring to? Your lender, of course! Like most Australians, you … [Read more...] about Is your bank ripping you off? Here’s what you can do about it.
The cold, hard truth is this: you’re never going to get ahead financially if you continue paying off your mortgage the way you are now. Banks are businesses, and their number one objective is to make money, so they’re unlikely to have your best interests at heart – in the sense that they want to maximise … [Read more...] about 6 loan secrets that could save you $50,000 and more!
There’s no two ways about it: it’s harder to get a mortgage today than it has been in a decade. We’re back to GFC conditions, with lenders using strict criteria when assessing home loan applications. It means that the loan you were pre-approved for 12 months ago, might not be approved today – or that refinancing … [Read more...] about 5 things standing between you and your loan approval
The offer of a fixed rate period on your mortgage can sound awfully tempting, especially if you’re in the camp of the nervous speculators, worried that a rate rise is on the cards in the near future. But fixing your rate could be an ill-conceived move – and it may even cost you thousands more than you’d ever stand … [Read more...] about 3 reasons why you shouldn’t fix your home loan rate