Switching home loans could help pay down your mortgage sooner, providing you are refinancing for the right reasons and understand what’s involved. Here’s our guide to refinancing to help you make the right move when the time comes. Know the costs Paying 0.5 per cent less per annum on a $250,000 principal-and-interest mortgage will save […]
June 30 signals the end of another financial year. There’s still a little time to get this year’s finances in order or take the opportunity to make some resolutions about how you manage your money from July 1. Here are Haven’s top tips for a more fiscally fabulous financial year. Manage your mortgage It’s easy
“Flipping” might be the new word on the block but Australians have long been part of the reno revolution. Some are looking for fast returns (the flip), while others are upgrading after being in a home for several years. Whichever your strategy, chances are the goal remains the same: to renovate for profit. Here are
One in two Australian home buyers1 now borrow via a broker. A dip in sentiment towards traditional banks, tighter lending criteria for investors and better-educated consumers have all helped boost mortgage brokers’ popularity over the past decade. There are, indeed, a raft of reasons to turn to a broker for your next home loan. Here are
Most mortgages are spread out over 25 to 30 years, but it doesn’t have to be that way. With a few simple strategies you can take years and thousands off your loan, and it’s much easier than you might think. Everyone would love to have no home loan, but a mortgage is part of life
Why smaller lenders are making a big change in banking. The history of Australian banking has always been dominated by the big four – ANZ, Commonwealth Bank, NAB and Westpac. But more Australians than ever are now turning to smaller lenders and non-banks to finance their home loans. Is your loyalty worth it? Many of
In this time of economic instability, we know that jobs and mortgages are of the highest concern to you, the Government and the lenders. With things changing on a daily basis, we’re perfectly positioned to help. As the response and effects of COVID-19 on our health and economy continue to develop, we’ve all been forced
Getting the itch to fix? Choosing the right time to lock in an interest rate can be tricky. In the past year interest rates on fixed-rate loans have plummeted to all-time lows, prompting many borrowers to ask whether it’s time to lock in a rate. If you’re thinking about it, you’re not alone. The number
If you are experiencing mortgage stress, now’s the time to get on the front foot with your lender. As your mortgage broker, we can help you prepare and plan for the unknown. It’s no surprise that the outbreak of COVID-19 has caused a huge increase in mortgage stress. According to the Australian Banking Association (ABA),
Consider this: 30 years ago it cost about 3.5 times the average annual salary to buy an average priced Australian home — today, it costs around 7.5 times our yearly earnings 1. With the average new home loan nudging $444,0002, it’s more important than ever to look at strategies to shrink your mortgage and work towards
