In the last 12 months, the RBA has announced 5 interest rate cuts. Tens of thousands of Aussies have taken the Treasurer’s advice to “shop around and get the best possible deal”. Around the country we’ve have recorded spikes in home loan, investment loan and refinance borrower enquiries following the announcements.
Many people have previously dreamed about working from the comfort of their home to avoid commuting and have more time for themselves and their family. However, working remotely is not always as easy as it sounds. Sure, you are at home, but some will find it’s hard to actually get work done.
We’re living in a world of rapid change, where interest rates can go up and down, new lenders emerge and more competitive products become available so keeping the same home loan for 30 years could cost you more money than you need to spend.
You’ve found your dream property, had your offer accepted, and now there’s just one last yet very important milestone to achieve – settlement day. The anticipation has been building for weeks! Are you ready for the big day?
An investment property is a business, so it is important to manage it properly in order to achieve financial success. One of the first decisions you’ll need to make is whether to manage it yourself or hire a property manager.
Pre-approval confirms you’re eligible to apply for a home loan up to a certain amount. Essentially, the lender checks your financial circumstances to decide if you’ll meet their criteria and can afford to repay a mortgage. It is also a recommended first step to your property search because of the numerous benefits it can give you.
For most of us, it’s easy to form a sentimental attachment to our home. However, there may come a time when we either outgrow the property or would like to make changes. Sometimes these circumstances can make it difficult to decide whether to relocate or renovate.
Buying your first home or investment property is exciting! Like planning for a holiday, you start researching about the fun things you want to do. Out of excitement, you also start looking up other activities not in the original plan, instead of researching the basics, like accommodation and transportation options.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
Your Future First ABN 59 914 600 245 Credit Representative Number 503507 is authorised under Australian Credit Licence Number 389328
