Money Advice Experts in Services – MAXISLoans

Author: MAXISLoans

  • 4 in 10 Small Business Owners Struggle to Secure Home Loans

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    In recent findings from Great Southern Bank’s Smaller Small Business Research, it has been revealed that a significant number of small business owners, approximately 4 out of 10, are encountering challenges in securing home loans. This poses a notable obstacle for entrepreneurs striving to own a home, with 20% of small business proprietors still in…

  • What the Latest Property Price Forecasts Mean for Borrowers

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    As a borrower, keeping an eye on property price forecasts is crucial in making informed decisions about your real estate investments. The latest property price forecasts can provide valuable insights into the direction of the housing market, helping borrowers anticipate potential changes in property values and mortgage rates. Understanding what these forecasts mean can help…

  • The Impact of Inflation on Home Loan Affordability

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    Inflation is a term that is commonly thrown around in economic discussions, but what exactly does it mean for the average person looking to buy a home? In simple terms, inflation refers to the increase in the prices of goods and services over time. This means that the purchasing power of a currency decreases as…

  • BoQ Slashes Investor Home Loan Rates Below 6%

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    Bank of Queensland (BoQ) has made a significant move in the mortgage market by slashing up to 15 basis points off variable rates for both owner-occupier and investor home loans. This decision comes in the wake of the Reserve Bank of Australia’s first cash rate cut in four years in February, prompting various lenders to…

  • How COVID-19 Changed the Home Loan Industry in Australia

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    The COVID-19 pandemic has had a profound impact on every aspect of our lives, including the home loan industry in Australia. As the country grappled with lockdowns, economic uncertainty, and job losses, the way people approached home loans and the lending landscape itself underwent significant changes. In this article, we will explore how COVID-19 has…

  • The Rise of Digital Home Loans: Are Online Lenders a Good Choice?

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    The traditional process of obtaining a home loan has evolved significantly with the rise of digital technologies. Online lenders have gained popularity in recent years, offering a convenient and efficient way for borrowers to secure financing for their dream homes. But are these digital home loans a good choice for prospective homeowners? Let’s delve into…

  • Low Doc Home Loan

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    When it comes to purchasing a home, one of the biggest hurdles for many people is securing a traditional mortgage. For self-employed individuals or those with non-traditional sources of income, this process can be even more challenging. This is where low doc home loans come in. A low doc home loan, short for low documentation…

  • Melbourne’s Mortgage Revolution: Battler Suburbs Surpass Blue-Chip Areas in Ownership

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    Melbourne is witnessing a remarkable shift in homeownership dynamics, as traditionally overlooked suburbs now rival prestigious areas in the percentage of mortgage-free properties, according to insights from SuburbTrends. The trend reveals that residents in affordable neighborhoods like Thomastown, St Albans, Fawkner, and Altona Meadows are increasingly debt-free, competing with affluent regions such as Brighton, Balwyn,…

  • How the RBA’s Monetary Policy Influences Home Loans

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    The Reserve Bank of Australia (RBA) plays a pivotal role in the country’s economic stability through its monetary policy decisions. One of the key areas where the RBA’s actions have a direct impact is the housing market, particularly in influencing home loans. Understanding how the RBA’s monetary policy influences home loans is crucial for homeowners,…

  • How Economic Changes Affect Mortgage Repayments

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    Economic changes have a profound impact on various aspects of our lives, including the real estate market and mortgage repayments. When the economy experiences fluctuations, it can directly influence interest rates, employment levels, inflation, and housing prices, all of which play a crucial role in determining how much homeowners pay towards their mortgages each month.…