mortgage

You’ve decided that it’s time to buy your first home; Congratulations! It’s such an exciting milestone in anyone’s life and should be as effortless as possible. It’s important not to be caught out by the hidden costs that come with buying a home. The costs add up quickly and can cause issues if you’re ill-prepared.  The following should give you a clear insight into what to expect and how to plan your savings correctly to avoid any unforeseen obstacles in…

Before we jump into the debt-to-income ratio let’s look into a typical situation you can find yourself in. Applying for a home loan can take on almost mystical proportions, with most Australians unsure of just how much money they can borrow. As a result, they often make the mistake of trying to secure too much money, only to be knocked back. Most people understand they need a deposit, usually 20 per cent or more of the purchase price, and to…

Post-pandemic economic shrinkages coupled with the Russian invasion of Ukraine in early 2022 have seen inflation spike to the highest level since the Great Inflation of the 1970s. In turn affecting interest rates. This surge in inflation has prompted the Reserve Bank of Australia (RBA) to increase cash rates, making it difficult for new homeowners as interest rates rise, with the situation looking to deteriorate before it improves. What can we learn from the rise of inflation and consequent interest…