Should I refinance?

Can’t decide whether to refinance or not? Dear James, Interest rates are so low at the moment, some of my friends are telling me they have rates of 3.95% and I’m thinking of refinancing my home loan. However, I don’t know a lot about the costs of refinancing or what’s involved around changing my home loan. How do I know whether refinancing is a good idea or not? Help! Bianca, Bateau Bay Hi Bianca, […]

How can my parents/family help me buy a home?

Given the minimum deposit required to purchase a property, this is a question I seem to be getting more often. Giving a cash gift as a deposit Depending on each lenders requirements you may be required to keep these funds in your bank account for some time (most commonly 3 to 6 months) – This is usually to prove that you can service the loan and hold savings in your […]

How much deposit do I need to buy a home?

  It is important to know how much you will need to save before looking to purchase a new home. By knowing how much you need to save you could potentially negotiate lower interest rates and avoid paying Lenders Mortgage Insurance. Determine your borrowing capacity A good starting point is to find out how much you can afford to borrow; this can be done by using calculators available on bank […]