Category: general-advice-and-information

When you’re in the process of buying a home, one of the most crucial steps is getting approved for a mortgage. Knowing how long this process can take is essential for planning your home purchase timeline. While there is no one-size-fits-all answer to how long it takes for a bank to approve a mortgage, there…

Securing a home loan is a significant milestone in one’s life. It allows individuals and families to achieve their dream of homeownership and provides a sense of stability and security for the future. However, obtaining a home loan is not always easy, especially in today’s competitive lending environment. Lenders carefully assess various factors before approving…

Buying a home is a significant milestone in many people’s lives, and obtaining a pre-approval for a home loan is a crucial step in the home buying process. A pre-approval gives potential home buyers an idea of how much they can borrow from a lender, helping them understand their budget and making them more attractive…

Understanding Loan-to-Value Ratio (LVR) and Why It Matters Introduction When it comes to borrowing money for a home purchase or refinancing a mortgage, one of the key factors that lenders consider is the Loan-to-Value Ratio (LVR). This ratio plays a crucial role in determining the risk associated with a loan and can have a significant…

Professionals seeking to purchase a home often face challenges in securing a mortgage due to the requirement of Lenders Mortgage Insurance (LMI). LMI is a fee that lenders charge borrowers when their deposit is less than 20% of the property’s value. This insurance protects the lender in case the borrower defaults on the loan. However,…

The property market in Perth, Australia, has always been a topic of interest for both local residents and investors alike. With its stunning beaches, vibrant city life, and growing economy, Perth has become a desirable location for property investment. However, like any other real estate market, property prices in Perth can fluctuate based on various…

Personal loans are a popular financial tool for individuals looking to borrow money for a variety of purposes, such as consolidating debt, funding a home renovation, or covering unexpected expenses. When applying for a personal loan, one of the key decisions you’ll need to make is whether to choose a variable or fixed interest rate.…

When it comes to taking out a mortgage, one of the key decisions you’ll need to make is whether to opt for an interest-only loan or a principal and interest loan. Both options have their own set of pros and cons, and understanding the differences between them is crucial to making an informed choice that…

Buying a house is a significant milestone in anyone’s life. It is a big decision that comes with a lot of financial considerations. One of the most critical aspects of purchasing a house is securing a loan to finance the purchase. In recent years, there has been a growing trend towards green house loans. These…

Consultants play a crucial role in today’s business world, providing expert advice and guidance to companies in various industries. As a consultant, you may be self-employed or work for a consulting firm, but either way, you are likely to incur expenses related to your work. The good news is that many of these expenses may…