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While a home loan is a hefty expense, there are plenty of tactics buyers can use to significantly reduce fees, interest rates, duration and overall costs. Taking advantage of these strategies will not only save money, but will alleviate some of the stress that comes with navigating large mortgage repayments....

The average size of a home loan in Australia is almost $400,000, according to the Australian Bureau of Statistics. Most people will repay their loans over 30 years, during which time they’ll be charged a whopping $319,820.45 in home loan interest (assuming a rate of 4.5 per cent). If the...

Taking out a home loan can be a nerve wracking experience, particularly for first time buyers. The key to making the experience not just bearable but fruitful is to understand exactly what you are taking on. Here are the questions you should know the answer to before getting your home...

The cost of buying a home in Australia is spinning out of control, especially if you’re looking in one of the larger metropolitan areas. Spending more than a decade’s pay on one single purchase is not feasible for most Australians. Some, when they can’t afford to buy new homes themselves,...

Looking to secure a home loan? The easiest way to do so is to get pre-approved. Let’s discuss how this process works and how you can get a head start on it. Unless you’ve got hundreds of thousands in cash stashed under your mattress, it’s likely that you’ll need to...

If you’ve got a long-term schedule for loan repayments to buy your home, refinancing that loan can be a great way to save a lot of money for yourself and your family over the long haul. Fed up with the interest rates you’re paying and eager to find lower ones?...

Renovating your home might sound expensive – but if you do it right, you may well be able to add to the property’s value and make money in the long run. Many people are turned off by the idea of renovating their homes – once you buy, the natural inclination...

There are a wide variety of commercial loans that are available for individuals and business owners. It can be overwhelming to understand the different commercial loan types, but here’s a simple and easy breakdown of the main ones you should know!   Bank Overdraft  A bank overdraft is a popular...

Many first home buyers are often overwhelmed with the entire process of acquiring a home loan. However, there are various traps which they often fall for, leading to massive regrets and costly outcomes. To help you identify these traps, here’s the most common mortgage traps for first home buyers that...

Homebuying is a demanding process and it can be overwhelming when banks and real estate agents begin speaking in financial jargon. When applying for a loan, it is vital you understand exactly what is being said. Below are some of the most common mortgage terms explained. Credit report A credit...