Category Archives: First Home Buyers

The bank of mum and dad must come with rules

We hear a lot about the bank of mum and dad being the answer to buying your first home when lenders refuse to talk to you without a sizable deposit. Indeed parents can often help their children take their fist … Continue reading

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Risks with a House and Land Purchase

With Australian established property prices continuing to move up, more and more first home buyers are turning to House and Land as the answer to the Great Australian Dream. After all there are quite a number of advantages to purchasing … Continue reading

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Not all property is acceptable security to your mortgage provider

In these days of low interest rates and high property prices, most media attention is directed towards the “unaffordability” of a home and oversupply of new apartments. It seems that the potential property buyer is ill prepared for the kinds … Continue reading

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A loan guarantor will not solve all borrowing problems

It is true that often borrowers are able to breach the gap between their borrowing needs and the loan qualification criteria of lenders, by using a loan guarantor. However guarantors can only be helpful in some borrowing situations, while in others … Continue reading

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Making yourself more attractive to your lender

When it comes to qualifying for finance, it is important to understand what lenders are looking for in assessing your loan application. This is not about getting a haircut or buying a new suit for a meeting with your bank manager, … Continue reading

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Understanding the basics of borrowing

Like it or not DEBT is a four letter word. We all borrow but some of us do it better than others. Before deciding to apply for any form of credit you really should stop and ask yourself the following questions. … Continue reading

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Bad Credit Mortgages – what you should know

While having some bad credit history will not stop you from qualifying for a bad credit mortgage, there are distinct differences between the loans offered by mainstream lenders and bad credit mortgages. No deposit means no loan This is non-negotiable … Continue reading

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The Home Deposit Dilema

Saving for a home deposit has never been simple. According to recent reports, it can easily take the best part of a decade, for those not wanting to borrow anymore than 80% and thereby avoid the mortgage insurance. However much depends on … Continue reading

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Buying your first property is now even harder, thanks to APRA.

No one wants to see the Australian property market in a bubble. While there is speculation that parts of Sydney and Melbourne may be experiencing a price bubble, majority of the country is simply seeing some healthy value increase after a … Continue reading

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Bad credit vs Repayment history indicators

It will not come as a surprise to any reader that borrowers with a history of bad credit may have a difficult time qualifying for any form of finance and may have to pay a higher rate of interest should … Continue reading

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