by [email protected] | Aug 27, 2018 | Lmi
When you borrow more than 80% of the property value, the lender will seek mortgage insurance to protect the lender from losses. Mortgage insurance provides coverage to the lender rather than the borrower, should you not be able to repay your loan. It is a one-off...
by [email protected] | Apr 24, 2018 | Interest Rates
What is the cash rate? The cash rate is a metric set by the Reserve Bank of Australia (RBA). Basically, it is the interest that every bank has to pay on the money it borrows, or in its own words, the “overnight money market interest rate”. Banks process...
by [email protected] | Apr 24, 2018 | Property Investor
When you take a look at the Australian property market, as a first time home buyer, it can be easy to despair. For example, towards the beginning of 2016, Sydney’s median dwelling value was recorded by CoreLogic at $932,910. In Melbourne, it was $776,060. Perth...
by [email protected] | Apr 24, 2018 | Home Loans
Advice The shift to a smaller home often coincides with pre-retirement or retirement. If this is your scenario, investigate your options with a Yellow Brick Road Financial Planner before committing to a plan. The equity in your family home is tax-exempt when you sell...
by [email protected] | Apr 24, 2018 | Interest Rates
When it comes to choosing a home loan, one of the big decisions to make is what type of interest rate best fits your needs. Most lenders offer fixed rates, variable rates or a combination of both – sometimes called a split rate. There are risks and benefits to...
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