Living in Perth is somewhat contradictory. Although we’re classified as a city, all Perth locals are familiar with the ‘small town’ vibe: everyone in Perth knows (almost) everyone. And yet, it can still be challenging when choosing a reputable and competitive mortgage broker in the Perth metro area.
Read MoreBuying property is generally a long-term investment – and something that shouldn’t be purchased on impulse. Whether you’re buying for investment or dwelling purposes, there’s a checklist of things to consider before stepping onto the property ladder.
This week, we asked ourselves three things we would personally look for when considering the purchase of a property. The results? Find out here.
Read MoreOften overlooked, the redraw facility is not always on the top of a client’s list of desired loan features. It’s a common feature attached to a variable rate home loan, which allows the account holder to withdraw money they’ve already contributed to paying off their loan if they have paid over and above the minimum scheduled repayments. As you’re able to make additional repayments, you can reduce your loan balance and save on interest.
Read MoreThe cost of buying a home currently takes 7.2 times the annual income of a typical household – up from 4.2 times 15 years ago. In this way, it has become challenging to save up a sizeable deposit for a home loan, especially when paying rent.
However, there is an option for first home buyers to get onto the market much sooner than expected: get a family member to act as guarantor for your home loan!
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