Posts categorised as 'First home buyers'

11/02/2020

Smaller lenders taking applications for home loan deposit scheme

First home buyers News

Non-major lenders have started offering another 5,000 slots for the First Home Loan Deposit Scheme, which allows first home buyers to purchase a property with a deposit of 5% without having to pay Lenders Mortgage Insurance (LMI). The scheme, which is overseen by the National Housing Finance and Investment Corporation (NHFIC), kicked-off on 1 January Read More

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23/01/2020

Why don’t lenders drop my repayments when the interest rate falls?

First home buyers Investors Mums and dads News

A question that’s been popping up a bit lately has been ‘why didn’t my lender reduce my repayments when the interest rate fell last year?’ It’s a good and timely question considering the big four bank economists all expect the RBA to cut the cash rate by 25 basis points to a new record low Read More

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16/01/2020

The race is on thousands rush to apply for first home loan scheme

First home buyers News

If you’re thinking of taking advantage of the new First Home Loan Deposit Scheme then you better act quick, as thousands of first home buyers have already applied for the 10,000 guarantees available. Between January 1 and 10, more than 3,000 first home buyers applied for one of the 10,000 spots up for grabs this Read More

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15/01/2020

How to avoid underinsuring your home

First home buyers Investors Mums and dads News

With Australia currently enduring its worst bushfire season on record, we all want to do our little bit to help out, so today we thought we’d discuss the important topic of underinsurance. Indeed, researchers are warning that the nation is facing an underinsurance crisis, according to a recent report by the ABC, with the Insurance Read More

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13/01/2020

First come, first served: first home buyer scheme now open.

First home buyers News

Applications for the new First Home Loan Deposit Scheme are now open, with 10,000 guarantees available to first home buyers looking to get a leg up into the property market. Now, with 10,000 spots it might sound like you’ve got plenty of time up your sleeve to take advantage of the new scheme, but consider Read More

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23/12/2019

Season’s Greetings! Here’s to a prosperous 2020!

First home buyers Investors Mums and dads News

With 2019 drawing to a close, we hope you’re shifting into holiday mode and getting ready to relax and unwind (or, at least, looking forward to a few public holidays!). Hasn’t the year just flown by? It only seems like only yesterday that the RBA cut the official cash rate for the first time in Read More

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20/12/2019

How to spread some free Xmas cheer these holidays

First home buyers Investors Mums and dads News Online Marketing

Did you know there’s around $1.1 billion owed to Aussie families in unclaimed shares, bank accounts and life insurance? With the festive season just around the corner, here’s how to find some long lost funds for you and your family in less than one minute. They say Christmas is a time for giving. But let’s Read More

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12/12/2019

Could you flick Netflix? ASIC updates responsible lending guidance

First home buyers News

Could you say goodbye to Netflix to take out a loan? That’s one example corporate watchdog ASIC has included in its responsible lending update. Now, rest assured that you don’t actually have to say goodbye to Netflix to take out a loan. It’s just a “non-essential” expenses example ASIC has provided in its updated Regulatory Read More

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05/12/2019

Swipe right to buy your first home

First home buyers Investors Mums and dads News

A new web platform described as a ‘dating app but for home-ownership’ says it can help users enter the property market in half the time it usually takes. Mortgage Mates – the brainchild of Perth-based mates Daisy Ashworth and Jess Vesely – uses algorithms to match you with like-minded individuals who share similar housing preferences Read More

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14/11/2019

Predatory payday lenders debt-trapping vulnerable Aussies: report

First home buyers Mums and dads News

Predatory payday lenders are profiting from vulnerable Australians and trapping them in spiralling debt, according to a collaborative report by 20 consumer advocacy bodies. The report, The Debt Trap: How payday lending is costing Australians, projects that by the end of the year there will be $1.7 billion worth of payday loans lent out in Read More

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