Refinancing your home loan can be a smart financial move, especially in a dynamic market. Whether you’re looking to reduce your monthly repayments, access better loan features, or tap into your home’s equity, refinancing can offer several advantages. However, it’s essential to weigh the benefits against the considerations to ensure it’s the right decision for…
A key advantage in owning your own home is seeing its value increase – up an average of 21 per cent nationally last year. That increased value can be unlocked by using the equity in your mortgage to finance such things as a granny flat, create a home office, or install a new kitchen or…
The vast majority of home loan customers are currently choosing variable-rate loans over fixed-rate loans. In August 2024, 98% of new loans were variable, while 2% were fixed, according to the most recent data from the Australian Bureau of Statistics. By comparison, in August 2021, when interest rates were at record-low levels, 46%…
One of the great things about constructing your own home is that it can be tailored to your specifications. If you’re interested in building rather than buying your dream home, here’s the process you need to follow: Speak to your broker about your goals, so you can create a finance plan together Buy the land…
