hints & tips

Benefit of changing the repayment frequency   I’m often asked if there are other options for repaying your mortgage rather than the traditional monthly repayment schedule.   There are some lenders who offer a weekly or fortnightly option and this can be great for those of us with a similar pay-cycle or I can work …

When you finally reach the approval stage of your home loan application, you will be told what your borrowing capacity is. This is the maximum amount of money a bank will lend you. To work out your borrowing capacity, lenders will look at three key areas. Here’s a brief rundown on each: 1. INCOME How …

I’m often asked whether it’s better to purchase an established property or something new. Just like the smell of a freshly purchased car, some people really vibe on having a brand new house that no-one’s ever lived in before. It’s free of defects and nothing needs to be repaired. While they’re often built in up-and-coming …

There’s been a lot of discussion lately around offset accounts and how they can shorten the length of your home loan and even reduce your repayments. How does this work? An offset account is a transaction account that is attached to your home loan. You can use it the same way you would use your …