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How Much Stamp Duty Will You Pay?

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Mortgage Protection and Mortgage Insurance – What’s the Difference?

Mortgage protection insurance is not the same as Lenders Mortgage Insurance. Mortgage protection is made to protect the one that is insured. If the insured person died or become permanently disabled, the insurance company will pay out a lump sum benefit payment to the person which they can use to pay the mortgage.
On the [...]

NSW Budget Cuts Stamp Duty

In what became the centerpiece of the budget for New South Wales, the stamp duty fee will be removed for dwellings purchased off the plan worth up to $600,000.  NSW statesman and Treasurer Eric Roozendaal commented that this new legislation will save a home buyer up to $22,490.
Roozendaal added that finances for a home construction [...]

Managing Mortgage Stress

Everyone can be affected by mortgage stress.  Though interest rates play a big role, there are some uncontrollable factors that can contribute such as illness, unemployment and a breakdown of a relationship.
Here are some tips to manage mortgage stress. 
Budget – You can help battle mortgage stress by creating a budget based on your goals and current financial standing. Determine the expenses [...]

Interest Only Home Loans

As the name suggests, an interest only home loan requires a borrower to repay just the loan’s interest and not the principal loan amount. The interest repayment can either be fixed or variable and it is only offered for a short period of time of one to five years. However, time will come that you will have to pay the principal loan amount.

Credit Impaired Loans

To remove your negative financial marks or bad credit rating that you have incurred in the past, you must strive to apply for a non-conforming loan. Your application for this type of loan can be approved as long as you can satisfy the repayments.