Personal Loan vs Home Loan: Which offers a better deal? 

When financing a renovation or buying a big-ticket item, some homeowners use their home loan to access the money they need. Others finance their project by taking out a personal loan instead. So which option is the best choice to help you reach your goals?

What to expect on settlement day

A property sale is said to “settle” when the property changes hands from one owner to another. While the buyer and seller don’t usually need to do much on settlement day, it’s worth understanding the processes that the solicitors, conveyancers, real estate agents and mortgage lenders are taking care of behind the scenes. 

Can you afford an investment property deposit?

Buying an investment property may require an upfront deposit of 20 per cent of the property’s value. If you haven’t saved up enough cash to afford a deposit, there may be other options available to help you invest in property.

Choosing between a used and a new car

Buying a new car often comes with advantages, like a warranty, access to more modern features, and often easier loan options. But it’s also typically a more expensive option compared to purchasing a used car.

Some of the best home loans for investors and refinancers in January 2023

Rising inflation figures indicate that the Reserve Bank of Australia (RBA) is more likely to raise the national cash rate again later this year. With these hikes likely to be quickly passed on as higher mortgage rates, Australians hoping to invest in property or refinance their home loan may want to compare their options to make sure they’re getting value for money.

Does home size matter for a mortgage?

Purchasing a smaller property can often be more affordable than buying a larger property, and may offer different lifestyle benefits to some owner occupiers or to tenants of an investment property. However, it may be harder to successfully apply for a mortgage on some smaller properties due to the potential financial risk involved.  

Can mortgage brokers get you a bigger mortgage?

Mortgage brokers can provide valuable support on your home loan journey. By looking closely at your financial situation, a broker may be able to recommend home loan offers that closely suit your needs and goals, which could help increase your borrowing capacity and buying power.

Can you claim insurance for car dents?

Car insurance covers you for some of the costs of repairing damage to your car. But is it worth claiming car insurance for a dent?

What is build to rent?

Build to rent is a type of commercial property development that can add additional housing to an area. These projects involve building a housing complex - often an apartment tower - whose developer retains ownership, rather than selling off individual units to owner occupiers and investors. The developer then rents out the units to tenants.

Some of the best home loans in January 2023

What can you expect from home loans in 2023? While the Reserve Bank of Australia (RBA) doesn’t meet in January, at least one more rate hike is being forecast for later this year by Australia’s biggest banks. Whether you’re buying your first home or managing the repayments on your current mortgage, it’s important to get a good idea of which home loans may offer the most value for money in 2023.