You are standing there at the auction of your dream home, palms sweaty as you wait for the auctioneer to close on your bid … heart pounding as the call goes “going once, twice, three times …” It is like being on a rollercoaster- exciting and nerve-wracking – and the last thing you want to […]
What should you look for in a home before buying?
If you’re looking to use your first home loan and enter the property market, be wary of misinformation. One of the most important things to remember is that homes often look different in the flesh compared to the glossy photos posted online or in a brochure. The property is being presented for sale, thus all […]
When to consider home loan refinancing?
For long-term borrowers, it’s easy to get into a pattern of repayment and assume that there’s no need to tweak things here and there. What might surprise you is that becoming complacent with your home loan could be costing you thousands. It pays (literally) to do a regular assessment of your mortgage, whether it is […]
What to do when interest rates rise?
When you take out a home loan, you have a good idea of how much you can borrow and what your repayments will be. However, economic conditions can change alongside your personal financial situation. It could be a loss of income, unexpected emergency or, as we see happen often, an interest rate rise that means […]
Property Valuation Risks
When you apply for a home loan, the bank will value the property to determine the market value, right? Wrong! While it’s true that when you apply for a mortgage, your bank will place a value on the property you’re buying, the figure they come up with is not necessarily an accurate representation of the […]