Category: Home Loan News
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Homeowners Urged to Review Loans Amid Tax Season Surge
As the financial year comes to a close, many individuals turn their attention to their financial standing, particularly those with property investments gearing up for tax assessments. Given that a home loan is often a significant financial commitment, this juncture presents an opportune moment to evaluate the adequacy of your existing loan in meeting your…
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Maximize Savings: Refinance Strategically with Lower LVR
Refinancing your home loan can be a savvy move to secure a better interest rate. One crucial factor to consider in this process is your loan-to-value ratio (LVR). Your LVR is the percentage of the property’s value that you need to borrow, with a lower LVR indicating a smaller loan amount relative to the property’s…
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Former Banker Leon Ng Revolutionizes Home Loan Experience with Zenith
Leon Ng, a former banker turned mortgage broker, embarked on a mission to simplify the home loan journey for everyday Australians. Ng’s transition to broking in 2019 was fueled by a desire to streamline the overwhelming loan process and act as a trusted advocate for clients. Witnessing the need for a more client-centric approach, Ng…
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Western Australia Launches Innovative Low-Deposit Modular Home Loan Program
Western Australia has introduced a groundbreaking low-deposit loan program aimed at home hunters looking to build their dream homes. This initiative, announced as part of the state budget, offers a unique opportunity for residents to enter the property market with just a 2% deposit, specifically tailored for modular homes being constructed in the region. The…
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Stamp Duty Taxes Strain Australian Homebuyers, Hinder Housing Targets
Homebuyers in Australia are facing significant financial challenges due to stamp duty taxes imposed by state governments. A recent report by the Housing Industry Association (HIA) highlighted the detrimental impact of stamp duty on property purchases, especially for those who borrow money to cover this upfront tax. The report called for nationwide tax reforms to…
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HIA Report Reveals Stamp Duty Impact on Australian Homebuyers
The Housing Industry Association (HIA) has raised concerns over the significant financial impact of stamp duty charges on Australian homebuyers and its adverse effects on housing construction investments. The HIA’s Stamp Duty Watch report highlights how borrowers in New South Wales, Victoria, and South Australia can face over $40,000 in additional repayments when financing stamp…
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Own Home Loans Founder Redefines Mortgage Industry Standards
Rory Sercombe, the founder of Own Home Loans, has carved a niche in the mortgage broking industry by offering more than just home loans. With a background spanning banking, broking, and business, Sercombe brings a unique blend of expertise to the table. His customer-centric approach and focus on long-term wealth creation set him apart in…
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Choosing Between Fixed and Variable Home Loans: A Comprehensive Guide
When deciding on a home loan, whether fixed or variable, your choice should align with your financial situation and objectives. Investing in property requires careful consideration of factors like location, rental demand, and risk tolerance. Understanding the nuances of different property types is crucial in making informed investment decisions. The Ultimate Guide for Home Buyers…
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Competitive Australian Home Loan Rates Spark Borrower Interest
Recent updates in the Australian home loan market reveal a dynamic landscape of shifting interest rates among various lenders, signaling heightened competition in the industry. Canstar’s analysis on Jan. 13 highlighted significant variations in rates for owner-occupier loans, with several lenders offering variable rates below the 5.75% threshold. The Ultimate Guide for Home Buyers in…
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Factors Affecting Home Loan Borrowing Capacity Explained
When considering purchasing a property, one of the crucial aspects to determine is how much you can borrow for a home loan. Your borrowing capacity significantly influences the properties you can explore and the neighborhoods you can consider. Various factors come into play to ascertain the amount you can borrow. The Ultimate Guide for Home…