How much equity is needed for a reverse mortgage?

Before you apply for a reverse mortgage, find out the requirements and how much equity you’ll need for a reverse mortgage.

The difference between business and residential electric rates

There are differences in how business and residential electricity is supplied, which means there are differences in the prices. Find out what these differences are.

Can you use a home equity loan to buy a car?

If you’re contemplating buying a new car, it may be tempting to use your home equity to finance it. However, there are some reasons why a car loan may make more sense. Read on to learn more.

Complaints against mortgage companies: What you need to know

The responsible lending criteria set by the Australian government means your lender has a responsibility to ensure that a credit product is suitable for you, and to take steps to verify your financial situation before approving your home loan application. But what if you received a home loan you’re now struggling to repay? 

Can I get a second mortgage for a rental property?

If you’ve owned your home for long enough, you’re likely to have built some equity in it, giving you several options for financing your second home or rental property. For instance, you can leverage your home equity by refinancing your home loan for a higher amount, or take out a second mortgage using the same property as collateral. 

How to calculate the loan-to-value ratio for your home loan 

Understanding your loan-to-value ratio (LVR) is and how it impacts your mortgage is crucial to ensure you can stay on top of your home loan. Learn more about LVR and how to measure it. 

Can you change your mortgage broker, and is it a good idea?

Many Aussies have used a mortgage broker to help guide them through the process of getting a home loan. Some have had great experiences, and continue to use the same broker for refinancing or purchasing an additional property. Others have not had great experiences, which have made them ask if they can switch mortgage brokers. 

Should I combine my first and second mortgages?

If you’ve taken out two mortgages on your property, you may want to look for ways to consolidate the first and second mortgage as this could help you save on interest.

Chattel mortgage vs hire purchase: how do they compare?

Choosing between a chattel mortgage or hire purchase arrangement requires deciding whether to buy a car for business purposes or simply leasing it for a fixed term.

How long does a valuation report take?

If you’re buying or selling a house, you may want to know how much the property is worth. A valuation report helps you get a number based on a professional evaluation.