Author: MAXISLoans

Australian mortgage holders could see a shift in interest rates sooner than expected, as ANZ economists predict potential rate cuts in response to recent US trade policy changes. The bank suggests that these cuts could come quicker and in larger increments than previously anticipated, potentially as early as May. How to Pay Your Mortgage Off…

The Legal Risks of Buying a Home Before Selling Your Current One

Apr 7, 2025

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in general-advice-and-information

Buying a new home is an exciting and often nerve-wracking experience. It involves a lot of planning, decision-making, and financial considerations. One common dilemma that many homeowners face is whether to buy a new home before selling their current one. While this can seem like a convenient option, there are several legal risks associated with…

Record Low Interest Rates Spark Surge in Home Loan Applications

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Pepper Money has introduced a groundbreaking initiative, the Prime Time Flex Bomb, aimed at revolutionizing the Australian property market by offering substantial savings to borrowers. The limited-time plan eliminates various fees, including lenders’ mortgage insurance (LMI), lenders’ protection fees (LPFs), and risk fees on prime full-doc property loans. This move is expected to translate into…

Understanding Your Home Loan Contract: Key Clauses to Watch

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in buying-a-home

When it comes to purchasing a home, one of the most important documents you’ll encounter is your home loan contract. This legal agreement outlines the terms and conditions of your mortgage, including the loan amount, interest rate, repayment schedule, and other crucial details. Understanding your home loan contract is essential to ensure you are making…

APRA Policy Change to Boost Home Loan Borrowing Power

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In recent news, a significant development in APRA’s policy is poised to have a considerable impact on the borrowing power of potential home loan applicants. This change, proposed by Peter Dutton, aims to revise the serviceability buffer utilized by banks during the assessment of home loan requests. Historically, the serviceability buffer stood at 2.5%, but…

Understanding Defence Home Loans for ADF Members

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in buying-a-home

As members of the Australian Defence Force (ADF), service personnel often face unique challenges when it comes to purchasing a home. Recognizing the importance of supporting those who serve their country, the Australian government offers Defence Home Loans specifically tailored to ADF members. Understanding the intricacies of these loans can make a significant difference for…

Home Loans for First Responders: Discounts and Benefits

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in buying-a-home

First responders, including firefighters, police officers, paramedics, and other emergency personnel, play a crucial role in keeping our communities safe. These brave individuals often face challenging and dangerous situations in the line of duty, and their dedication and sacrifice deserve recognition and support. One way that first responders can receive assistance is through special home…

Coalition’s Home Loan Policy: Impact on Young Buyers Without Family Support

Apr 5, 2025

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In recent political discourse, Peter Dutton has proposed a new home loan policy that aims to assist potential homebuyers, especially young individuals lacking familial financial support. The Coalition’s initiative seeks to modify existing home lending regulations by adjusting the criteria used to assess an individual’s borrowing capacity. The key focus of the Coalition’s plan revolves…

Buying a Home on a Single Income: What You Need to Know

Apr 5, 2025

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