A bridging loan, also known as bridging finance, is a short-term loan that can help you finance the purchase of a new home while you sell your old one. The main advantage of using bridging finance when buying and selling homes close together is that you can borrow up to 100 percent of the new home's purchase price, as well as all associated costs. Find more about bridging loans here!
Do you want to buy a second home in Brisbane? When it comes to buying a second home with no deposit, it can be difficult to know where to begin. Using equity to purchase another home may allow you to avoid paying a cash deposit. To answer all of your questions, the North Brisbane Home Loans team put together this handy guide on using home equity to buy another house. Let's look at how equity works when purchasing a second home.
When you've decided to relocate, whether for more space, a change of jobs, or to take advantage of your equity, the prospect of buying your next home can be both exciting and stressful. The first question you must answer when upgrading your home is whether you will buy a second home first or sell your current property first, then buy.
Contact the North Brisbane Home Loans mortgage broker today and let them assist you in getting into your next home as soon as possible.
If you are planning to buy a home in Brisbane then your rental history can help you qualify for a home loan. If you have been paying your rent on time and are not in arrears, an experienced mortgage broker may be able to help you find a mortgage lender who will accept your rental history for home loan approval.
It may be enticing to go directly to your existing bank to secure your home loan, and this is a completely acceptable option. However, it may not be the best option for your specific situation, and you may be paying more than you notice. Mortgage brokers add the most value in this area. Because they are not tied to a single bank or lender, they can assess your situation and needs across multiple products. If you do decide to use a mortgage broker, the next step is to find the right one for you.
That's why North Brisbane Home Loans team has compiled a list of the top 3 things to look for when choosing a mortgage broker in Brisbane to help you make your choice.
Although pre-approval is not required before formally applying for a home loan, it does have a number of advantages. Simply put, a mortgage pre approval is a loan pre approval that confirms the amount of money your lender will provide you for your mortgage. Knowing your borrowing capacity will put you in the best position to make real estate offers that are within your budget. Continue reading to learn more about obtaining a home loan pre-approval.
You may have many questions about the First Home Owner Super Saver Scheme, such as What is the First Home Buyer Super Saver Scheme? How Does the FHSS Work? What are the advantages and disadvantages of the First Home Buyer Super Savings Scheme? etc.
Under the First Home Super Saver scheme, eligible Australians can make additional contributions to their superannuation fund. These funds can then be withdrawn and used to make a down payment on a home. All of this sounds great in theory, but how does the First Home Saver scheme actually work? More information is available here!
You will be glad that you can pay your mortgage off faster than others. But the most important point is how to pay off mortgage faster Australia? Getting ahead on your mortgage can help you reduce your debt and pay it off faster.
Here are a few strategies to help you pay off your mortgage faster. Read on for six simple tips to help you save money and pay off your mortgage faster in Australia.
So you've decided to buy your first home but don't know where to begin? What you require is a step-by-step financial guide to purchasing your first home, so we have compiled this article to assist you in becoming financially prepared! Continue reading for a practical financial guide for first-time home buyers.
To get you started, we've listed some of Brisbane's best investment suburbs for 2021, based on current market trends and industry expert predictions. Read on to learn more about Brisbane, Australia's top growth suburbs.
Do you want to buy a second home but don't have a deposit? Using equity to purchase a second property may be an option for you, especially if you haven't reviewed your interest rates in a while. Continue reading to learn everything you need to know about using equity to buy a second home and other options that may be available to you.
For more help, you can also discuss your mortgage needs with one of mortgage brokers in Brisbane.
Buying your first home is an exciting experience! However, with well-meaning advice from family and friends flying at you, it can feel overwhelming. Mortgage brokers work with a variety of lenders on a daily basis, so we have the most up-to-date information you need to secure your first home in Brisbane. This article will go over the best home buying tips for first-time buyers in Brisbane.
If you are working as self-employed less than 2 years and looking for the right mortgage type for you then you can definitely apply for it. North Brisbane Home Loans has years of experience in providing mortgage solutions so you can directly contact or book an appointment with one of our mortgage broker now!
Are you trying to figure out how to pay for home improvements? If that's the case, you're not alone. With nearly 62 percent of householders doing some type of renovation in just 12 months during 2015/2016, Australia is undeniably a renovating nation. There are six ways to finance home renovations in Queensland, Australia. A Brisbane mortgage broker can help you figure out how to finance your home renovations in Queensland.
Contact the team at North Brisbane Home Loans today to learn more about renovation loans and how they operate. Book an appointment today!
Looking for a better deal on a current home loan? You could save thousands of dollars with a lower interest rate or access to mortgage features better suited to your current lifestyle. North Brisbane Home Loans has a team of professional mortgage brokers that can assist you in refinancing your mortgage.
Please continue reading to find out how switching home loans work and why should you switch your home loan from one bank to another.
The best interests duty for mortgage brokers is a legal obligation that requires mortgage brokers to work in the best interests of their clients (best interests duty) and to put their clients' needs first while providing credit assistance.
Contact the experts at North Brisbane Home Loans immediately for more information on ‘Best Interests Duty Mortgage Broker' or to chat with a reputable mortgage broker.