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Archives for August 2023

How to buy your first home without a large deposit

We get it. There's nothing easy about saving for your first house deposit. Especially when you're renting, paying off a HELP debt and trying to cover the increased costs of living. But you just really want to buy your own home. The more cash you have saved, the more options you'll have when it comes to buying your first home. However, there are a few ways you could buy property now - even without a large deposit. We outline these options below.   Pay Lenders Mortgage … [Read more...]

How can I use equity to purchase an investment property?

If you own property, it's likely you've already heard the term 'equity.' Here we outline what it is, how you calculate it and how it can help you with your next property purchase.   What is equity? Equity is the difference between the market value of your home and the current balance of your home loan. Equity typically grows over time due to your property increasing in value and/or the balance of your home loan decreasing.   How much of the equity in my home can I release?  The … [Read more...]

Under-the-radar rate hikes

You're not alone if you sighed in relief earlier this month, as the RBA announced the cash rate would remain on hold for the second consecutive month. This hasn't stopped some lenders from hiking their variable home loan rates anyway. These rate hikes - sometimes known as ‘out-of-cycle’ rate rises - easily fly under the radar. Especially when we've all been getting regular letters in the mail advising our interest rate (and repayment) is about to increase again. Out of interest, how many … [Read more...]

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