First Home Buyers Guide to Home Loans
For first home buyers the home loan lending market can be daughtning to say the least, even to some 2nd or 3rd home buyers the prospect of organising finance to purchase a home can be overwhelming. Today, with so many lenders and loans to choose from first home owners have a myriad of mortgage options to choose from. We have a number of articles online to help you in your search for the home loan that is best suited to you.
First home buyer's loans reviewed - Getting into the property market - The increasing cost of real estate across Australia is making it increasingly difficult for first home buyers to get into the property market. With this in mind, home lenders have come up with more innovative loan options in order to help first home buyers get into the property market. Here we look at some of the first home buyer loans available today that are helping more Australians get into their first home.
Is a 100% home loan a good thing for you? - There are a number of things to consider before you take out a 100% or 105% home loan. Borrowing 100% or 105% of the homes value can be a great way to get in your first home. But there is a downside, generally the interest rate is considerably higher than what it would be if you had a larger deposit. Here we look at 100% and 105% home loans and how they can benefit you and also some of the pitfalls of taking out such a loan.
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The benefits of using an independent mortgage broker - When it comes to finding the best home loan to suit your individual needs and financial circumstances, you generally have two options. You can do all the research yourself or you can get professional help from an independent mortgage broker. Here we look at the reasons why it pays to consider getting help from an independent mortgage broker.
Standard variable home loans - Perhaps the most common type of home loan for Australian home owners is the standard variable home loan. The standard variable interest rate home loan calculates interest charges based on the Reserve Bank of Australia's current official interest rates. Standard variable rate home loans offer greater flexibility than the fixed interest rate home loan option. Here we look at some of the advantages of a standard variable home loan.
How interest rates are determined in Australia - In Australia, the interest rates used to calculate mortgage repayments are guided by the official interest rates set by the Reserve Bank of Australia (RBA). The RBA will change interest rates from time to time in order to control inflation. Here we look at interest rates including why they might rise or fall and the different interest rates that apply to home loan mortgages.
Home loans in Sydney - Choosing the right one. - Today, there are many home loan options available to you when buying your dream home in Sydney. Choosing the right Sydney home loan option for you can prove a daunting experience as there is a lot you need to know. Here we look at the basics of variable, fixed rate and split home loans.
Brisbane Home Loans Mortgage Options - When house hunting in Brisbane, there are a number of home loan options available to today's home purchaser. Fixed, variable or split rate home loans, the list goes on, but where to start? Here we take a look at some of the options to help you find the perfect home loan in Brisbane.