What is home loan serviceability?

Home loan serviceability refers to your ability to repay a loan, and affects the amount you may be able to borrow from a lender.

How can I pay off my parents' mortgage?

If your parents are struggling to repay the mortgage on their house, you could step in to ease the burden by paying on their behalf or assuming the title to the property and refinancing it.

Can you borrow 100 per cent of a home loan?

Most lenders need you to pay a deposit of at least 20 per cent of the purchase price before approving a home loan. This can take several years to save up. A 100 per cent mortgage doesn't require any deposit. However, these are not readily available and generally require a guarantor.

Is it possible to borrow money from family for a mortgage?

If you’re struggling to put together a deposit worth thousands of dollars for a home loan, a family member could help by contributing a portion of the deposit. For instance, it’s not uncommon for parents to help their children get on the property ladder by giving them a lump sum amount to meet the minimum deposit criteria for a home loan. There are several other ways in which you can borrow money from your family for a mortgage.

What to consider when selecting a frequent flyer program

Most airlines offer frequent flyer programs but how do you choose which one to join?

How to change super funds in Australia

If you’re not getting optimum returns and suitable features from your super fund, you may want to switch to another. So how do you select the right one for you, and how do you change superannuation funds?

How to pay your mortgage while on maternity leave

It’s common for new mothers to take a break from work to take care of their newborn baby. How will you manage mortgage repayments if your income reduces? Here’s how you can plan for this situation.

Understanding mortgage guarantor criteria

If you are looking for home loan guarantor information, this article will provide an overview of the things you must know before you apply for a guarantor mortgage.

What you should know about selling a financed car

Selling a car that is still under finance can be tricky, as the lender is technically the car’s owner. You may need the lender’s approval unless you can pay off the loan.

All about power factor

Keeping track of your power factor, which is a measure of the efficient use of electricity, may help your business save on electricity costs.