With some of the major lenders recently lifting interest rates on variable home loans, we’ve had a number of enquiries this week as to whether now is a good time to lock in an interest rate.
Home loans: to lock in the rate or not?
Recent home loan rate rises & what you can do to stop the domino effect
When one bank hikes its interest rates, the rest usually follow one after the other like dominos. Here’s the latest information on recent home loan rate rises & how to avoid getting caught up in the chain reaction.
Would your accounts squeeze through the tighter lending test?
It’s one thing to be ready to pay off a mortgage. It’s entirely another to convince lenders that you’re ready to do so, especially in the current environment of tighter lending standards. Here’s how to climb your way through the process.
Four simple ways to increase your property’s resale value
Everyone dreams of investing in a home or business that will fetch them more money than they originally bought it for. Here’s how to roll-up your sleeves and get started.
Penrith Suburb Report 2750
Penrith is located 50 kilometres west of the Sydney CBD in the local government area of Penrith City Council. Currently the median sales price of houses in the area is $710,050, with 40.7% of homes being owner occupied.
Colyton Suburb Report 2760
Colyton is located 43 kilometres west of the Sydney CBD in the local government area of Penrith City Council. Currently the median sales price of houses in the area is $643,000 with 67.4% of homes being owner occupied.
St Clair Suburb Report 2759
St Clair is located 39 kilometres west of the Sydney CBD in the local government area of Penrith City Council. Currently the median sales price of houses in the area is $720,000, with 79.3% of homes being owner occupied.
Erskine Park Suburb Report 2759
Erskine Park is located 42 kilometres west of the Sydney CBD in the local government area of Penrith City Council. Currently the median sales price of houses in the area is $770,000, with 84.2% of homes being owner occupied.
Changes to debt repayment reporting that will affect your credit file in 2018
Changes to debt repayment reporting that will affect your credit file in 2018
In 2018, new legislation will come into place about the information a lender is required to provide regarding your credit facilities and your ongoing debt repayments. This detailed information will be recorded on your credit file and can greatly affect your finances in the future.
No deposit home loan with a parental guarantee
No deposit home loan with a parental guarantee
With the average property price of a Sydney home being over one million dollars, saving a deposit large enough to purchase your first home is becoming near impossible. As a result, home loans with a parental guarantee are on the rise.