Many borrowers are complaining that banks are slow to process pre-approvals. Why is this happening? Is there anything you can do to speed up your pre-approval? A home loan pre-approval means that a lender has agreed, in principle, to lend you a specific amount of...
Housing Affordability You might have noticed that property prices have skyrocketed over the past couple of years, to the point where a lot of first home buyers are now having real difficulties cracking the market. But how is the government looking at addressing it? ...
Following all the interest rate rises, home loans have not just returned to pre-covid levels – they’ve surpassed them. And unfortunately, there may be further rate rises ahead. So, how can you best prepare – and what can you do about your borrowing power,...
Data from the lending watchdog reveals that almost one in four new mortgages are risky. How are they deemed risky? It’s got something to do with your debt-to-income ratio or DTI. Your DTI might sound complicated, but it is simple to work out. Your DTI is a...
Australian homeowners are loading up their offset accounts in record amounts, so much so that the average household is now almost four years ahead on their mortgage repayments. Seeking advice from a mortgage broker can further optimize the benefits of offset accounts...
