Blog
When Should I Fix My Home Loan?
One of the things you need consider when looking for a home loan is whether or not to use a fixed or variable interest rate based home loan product.
To fix, or not to fix… That is the question.
Shakespeare aside, this is one of the bigger decisions you need to make when you’re looking to get a home or investment loan.
Whether you are a first home buyer or a seasoned property investor, there are a number of things to consider once you’ve decided to fix. Things like:
– How much of your home loan to fix
– How long to fix your interest rate for
[Video] The Different First Home Buyer Assistance Schemes Explained
There are a lot of stimulus and assistance schemes aimed at First Home Buyers.
This video will walk you through the 4 different First Home Buyers Assistance Schemes run by both the state and federal governments. Liz will walk you through the pros and cons of all 4 schemes. Who they are targeted at. When you can use them. And how you can use them effectively.
With the current economic conditions, this might present the best time in years for First Home Buyers to get their foot on the first rung of the property ownership ladder.
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Lenders Waive LMI For Professionals In Certain Industries
If you are working in certain professions, a number of banks or lenders are willing to waive the LMI premium for you. These lenders may lend without charging the Lender’s Mortgage Insurance (LMI) fee if you have between 10% to 20% deposit depending on certain qualifying criteria.
Lenders and banks may waive the LMI for accredited professionals in the accounting, finance, legal and medical industries depending on a number of criteria.
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Coronavirus Mortgage Repayment Relief
Some people have lost their jobs. Some have had their businesses shut down. Others have had their wages reduced. If you are financially impacted by COVID-19, we have created this article and accompanying video to walk you through the options put together by the different lenders.
Almost all bank’s home pages now have a link which will take you to their financial assistance policies if you are impacted by coronavirus. This article will walk you through the main options you have, along with the pros and cons of each option.
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What Does The First Home Loan Deposit Scheme Mean For You?
Buying your first home is one of life’s significant events. You’ve probably been saving for the deposit over a number of years while looking for the perfect place to call home. If you were to purchase a home today, you would most likely need to have saved up a deposit equivalent to 20% of the home’s value.
From January 1, 2020, the Federal Government has tried to make life a little easier for you. They are offering the first 10,000 eligible borrowers a hand with their deposits through the First Home Loan Deposit Scheme.
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Home Loan Market Update – November 2019
We’re well and truly into Spring, and the RBA’s official cash rate is still sitting at 0.75%… Yes, below 1% – the lowest it has ever been.
This update will walk you through what the team at OneSite are currently observing in the Home Loan and general Credit Markets. There are currently a number of factors affecting the credit markets; mainly rate cuts, property market outlook and regulatory changes.
The article will also show you the current lender specials following the RBA announcing a third rate cut in quick succession.
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