Money Advice Experts in Services – MAXISLoans

Author: MAXISLoans

  • Rising Rental Costs Prompt Shift Towards Home Ownership

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    Amidst skyrocketing rental costs, the debate intensifies on whether purchasing a home is a more viable option. Recent data from Proptrack reveals a concerning trend where households with median incomes are finding it increasingly challenging to afford rental properties, marking the lowest affordability levels in nearly two decades. The surge in rental prices has far…

  • Buying Property in a Trust: How It Affects Your Home Loan

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    Owning property through a trust is a common practice among many individuals looking to protect their assets and plan for the future. However, when it comes to purchasing a property in a trust, there are certain considerations that need to be taken into account, especially when it comes to securing a home loan. In this…

  • The Pros and Cons of Bridging Loans for Buying and Selling Homes

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    Buying and selling a home can be a complex process, especially when there is a gap between the purchase of a new property and the sale of your current one. This is where bridging loans come into play. Bridging loans are short-term loans that help bridge the gap between buying a new property and selling…

  • Government Eases Home Loan Rules for HECS Debtors

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    The recent announcement by Treasurer Jim Chalmers, along with Housing Minister Clare O’Neil, Education Minister Jason Clare, and Assistant Treasurer Stephen Jones, has brought welcome news for Australians burdened with student loan debts. The government has initiated a significant shift in regulations concerning home loans, particularly focusing on Higher Education Loan Program (HELP) debts, including…

  • Home Loan News

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    Bluestone’s Alternative Document Lending Surges In the realm of home loan news, Bluestone Home Loans has witnessed a significant surge in its alternative document lending segment. This specialized form of lending, known as alt doc lending, is gaining momentum at Bluestone as it requires fewer income verification documents and boasts quicker approval times compared to…

  • Shared Equity Home Loans: How They Work and Who Benefits

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    Shared equity home loans are a unique and innovative way for individuals to purchase a home without having to take on the full burden of a traditional mortgage. This type of financing allows multiple parties to invest in a property together, with each party owning a share of the equity in the home. Shared equity…

  • Home Loans for Expats: How to Buy Property While Living Overseas

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    Living overseas as an expat can be an exciting and enriching experience. However, if you’re considering buying property in your home country while living abroad, you might be wondering about the process of obtaining a home loan. Many expats face challenges when it comes to securing financing for real estate purchases, but with the right…

  • Rate Cuts Bring Relief: Home Loan News for March 2025

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    In March 2025, Australian homeowners have received positive news in the form of rate cuts on home loans. Following the Reserve Bank of Australia’s decision to lower interest rates, several major lenders, including the Big Four banks, have announced reductions in rates. For those with variable-rate home loans, this means potential relief with decreased monthly…

  • Melbourne First-Home Buyers Balancing Mortgages and Wedding Savings

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    In Melbourne, first-time homebuyers are striking a delicate balance between managing their mortgages and saving for their upcoming wedding. Tiana and Jesse, a young couple in Melbourne, recently took the plunge into homeownership by purchasing their first property and are now gearing up for their wedding next year. Their long-term goal includes acquiring multiple homes…

  • Record High Home Loan Borrowing Across Australia, Except Victoria

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    Record High Home Loan Borrowing Across Australia, Except Victoria In a trend sweeping across Australia, home loan borrowing has surged to unprecedented levels, setting record averages in most regions, with one notable exception being Victoria. Recent data reveals a significant spike in the average new loan size for owner-occupiers nationwide, reaching a record high. The…