Jodie Humphries

What do I need to do after closing my home loan?

If you’ve repaid your home loan in full, you will go through the process of discharging or closing the loan. This process involves updating your home’s title and securing your sole ownership. It’s also a good time to examine your finances.

What are the various home loan prepayment advantages and considerations?

Paying off your mortgage faster and owning your home free and clear is a tremendous achievement. There are both benefits and drawbacks to closing your home loan early that are worth considering.

How can I secure a home loan with bad credit?

Having a bad credit score shouldn’t prevent you from applying for a home loan. However, credit issues do affect the type of home loan you can get. 

Understanding non-resident home loans

Investing in Australian property when you’re a non-resident or living overseas means you’ll need to know about non-resident home loans. Find out what you need to know about temporary resident home loans and non-resident loans.

Employer Superannuation Contribution Liability | RateCity

All employers are required by law to make certain contributions to their employees’ super funds. These contributions are a percentage of the worker’s wages.

How do second mortgages and home equity loans differ from refinancing?

Both refinancing and home equity loans provide you with a way to borrow against the equity you have built up with your home.

Can I get a home loan with unpaid credit card debt?

Getting a mortgage with credit card debt can be difficult, as lenders may decide that you have low borrowing power. Check if you can cancel a credit card.

Can first-time homebuyers get a renovation loan?

Lenders may approve a renovation mortgage for first-time homebuyers if there’s an acceptable reason for the renovation. Lenders may not agree to let you borrow money for renovation unless you have a valid reason. Some of the reasons lenders may accept could be.

Can I cancel a home loan before settlement?

The settlement is the last step in the home buying process, when the lender provides the funds for you to purchase the property and register a mortgage against the title of your new home. 

Buying a second property with a second home loan

Once you purchase your first property, you think that buying the next one would be easy. However, the property market and the lending industry may have changed since the time you brought the first property. Let’s take a look at some factors you should consider while buying a second home.