Buying a house when you’re unmarried

When it comes to getting a home loan and buying property in Australia, there is usually no real difference between a married couple and a couple in a de facto relationship. That said, it’s still worth considering whether buying property when you’re unmarried is the best choice for your personal finances and your relationship.

What are the rules of a home equity loan?

Accessing your equity can help you make the value of your property work for you, allowing you to enjoy more financial flexibility and reach your goals. But there may be rules and regulations to consider before applying for a home equity loan, which could affect your decisions.

Personal overdraft vs personal loan

Different types of financial products can help you achieve a variety of personal goals, from managing your everyday expenses to covering the cost of a large purchase. A personal overdraft may be able to help Australians with several similar problems as a personal loan, so which one may be the best choice for you?

What is a unicorn company?

In finance, a privately-held start-up company is considered a “unicorn” if it’s valued at over $1 billion. Investors often go hunting for unicorns to benefit from their success.

What does it cost to build a deck?

Adding a deck to your home can be a relatively simple way to enhance your property, giving you an outdoor space for entertaining or just for relaxation. But like any other renovation project, it’s important to consider your budget when building a deck, to help ensure you enjoy the best value.

Do the big four banks control the Australian mortgage lending market?

Australia’s four biggest banks – ANZ, Commonwealth Bank, NAB and Westpac – hold more than 90 per cent of Australia’s mortgage market… but they aren’t the only game in town. Before choosing a home loan, it’s important to compare a variety of options and consider which mortgage deals may best suit your financial situation.

Credit scores can affect your home loan application - what you need to know

It’s important to get your finances in order before applying for a home loan. As well as thinking about your income, expenses, assets and liabilities, you may want to also consider your credit score, as this could affect how quickly our application gets assessed, and even whether you’ll be eligible for a some home loan products.

Can you have more than one car loan at the same time?

If you’re thinking of turning your home into a two-car household, you may need finance to afford that second set of wheels. But is it possible to hold two or more car loans at once, and what effects could this have on your finances?

How to understand home loan mortgage statements

A mortgage statement is a document provided by your lender that contains various details about your home loan, including how much of your loan you have repaid and how much is remaining. It will also include additional information, such as your interest rate, and how much money you’re saving in interest charges thanks to your offset account. Therefore, it is important to understand your mortgage statement clearly.

Are there fees for switching home loans?

Australian borrowers wanting a better home loan rate may be tempted to refinance their mortgage and switch to an offer from a competitor lender. But before you jump ship, make sure you check the fees, charges, and other costs that may be involved.