You may be wondering how does a guarantor mortgage work to help you get your first home loan? Guarantor home loans allow you to purchase a home with little or no down payment. Here's how the application process works and how to find out if you're eligible.
The average mortgage size in Australia is $549,493, according to the Australian Bureau of Statistics' (ABS) May 2021 Lending Indicators. However, the size of a mortgage is heavily influenced by a property's location, as this number varies greatly from state to state.
When buying a home, the most important thing you can do is get a building and pest report. It is common for minor issues to arise when purchasing an older property, such as a Queenslander in Brisbane. We have discovered the following renegotiation tips to be critical.
Are you looking to refinance your home loan? The costs and steps to refinance a home loan can be simple, especially if you work with an experienced and professional mortgage broker. Typically, there are some upfront costs, but are they worthwhile? Find out more here!
A no-doc loan, also known as a no-document loan, is a type of home loan in which no proof of income is required. No-doc loans do not have the usual requirements for obtaining a home loan. You may find that a no-doc or low-doc loan is the best option for you. Continue reading to find out how low and no-doc home loans work in Australia.
You might be wondering how to pay off a mortgage faster in Australia. Here are six simple tips to help you save money and pay off your home loan faster. Contact the North Brisbane Home Loans team today to find a better interest rate, negotiate with your lender about the possibility of changing your repayment amounts, or determine the best loan features for your financial goals.
You may be wondering if you can use your retirement funds to buy a house. If you are a first-time home buyer, property investor, retiree, or over the age of 65 and have a superannuation account – whether with a traditional super fund or a self-managed super fund – you can use your superannuation account to buy a house (SMSF). If you'd like to speak with one of our mortgage specialists at North Brisbane Home Loans, please get in touch.
The guarantor must continue to make mortgage payments until the loan is paid in full. You can remove or modify the guarantee if you refinance. The majority of guarantors agree to stay on the mortgage for 2 to 5 years, depending on how quickly the borrower pays down the loan or the property value increases. Find out more by visiting the North Brisbane Home Loans website.
Are you curious about the Brisbane real estate market in 2022? When looking for a home loan in Brisbane, you should be aware of four key factors that will have an impact on the housing market. Continue reading to discover four key facts about Brisbane's housing market in 2022. Contact North Brisbane Home Loans today to get a home loan assessment based on your property objectives and financial situation.
If you have been self-employed for less than 2 years and want to apply for a home loan in Brisbane, you can do so now with a mortgage broker. Self-employed home loan applicants may face a number of challenges. When dealing with complex loan applications, it is critical to have the assistance of an experienced mortgage broker so that you receive approval the first time, when you need it!
A mortgage rate lock is a loan that protects you from rising interest rates for a set period of time. The interest rate lock guarantees that your interest rate will not change for the specified time period, such as three or five years. If you plan to obtain or refinance a mortgage with a fixed monthly payment, a mortgage rate lock may help you protect the rate before settlement. Consider the following factors.
Buying a home can be a difficult process, particularly for single parents who may be unable to secure the required 20% down payment for an Australian home loan. The Family Home Guarantee Scheme provides financial assistance to single-parent families in Australia. More information can be found by clicking here!
Would you like to know more about the Brisbane First Home Owners Grant? The Queensland government is doubling the number of grants available this year to assist Queenslanders in purchasing their first home. When it began on July 1, 2000, the Grant was worth $7,000 per year. It reached a high of $21,000 before dropping to $15,000. This figure is likely to remain unchanged in the near future. Find more!
Making an offer on a house can be a thrilling experience, especially if you're confident in your price. If you're like most first-time homebuyers, you're probably unsure how to make a strategic and appealing offer to the seller. Here are some helpful hints for making an offer on a Brisbane home.
You may be considering refinancing your mortgage, but how do you calculate your borrowing capacity when refinancing a mortgage? The maximum amount of money you can borrow from a loan provider is referred to as your borrowing capacity. The exact amount will be determined by the lender's borrowing criteria as well as your personal circumstances, including the amount of equity you have in your home.
Have you decided to buy a house in Brisbane? Brisbane is Australia's third most populous city and the seventh safest city in the world, thanks in part to its lower-than-average crime rates. North Brisbane Home Loans brokers have made a step by step guide to buy your house in Queensland. Check out now!
North Brisbane Home Loans is an award-winning independent Mortgage Broker in Brisbane that offers the best value home loan options which include first ...
