Home Loans Articles

Selling a home with a mortgage: your guide

Ready to sell your property, but still owe money on the home loan? In many cases, having an outstanding mortgage shouldn’t be too large an obstacle between you and a hassle-free home sale, though you may want help from a legal professional to walk you through the process.

What is a revolving credit mortgage?

A revolving credit mortgage is another name for a home equity line of credit, often used in countries such as New Zealand. A revolving line of credit lets you borrow up to a maximum limit based on your equity in property, and enjoy the flexibility to make repayments when you choose.

What do valuers look for when valuing a house?

A property valuation may be required when a property is bought, sold, or refinanced. But a professional valuation can be a little different to a real estate appraisal or online report. Understanding some of the differences could help to make sure your valuation is accurate, for a more streamlined and hassle-free transaction.

What are the pros and cons of bridging loans? | RateCity

A bridging loan is a short-term loan that can help you bridge a brief gap in funding between two transactions.

What to know before buying a house with your parents? | RateCity

Buying a house with your family members or others can make the purchase more affordable for everyone but there are some important things to consider.

Does working from home void your home insurance?

Home and contents insurance covers your home and possessions if they are damaged or destroyed, providing homeowners with valuable peace of mind. But there’s also a risk that these homeowners could miss out if they also run a business from their insured home.

Principal and interest: how to pay off your mortgage faster

Your mortgage’s “principal” refers to the amount you’ve borrowed and will need to repay to the lender in time. Paying off your mortgage principal can not only bring you closer to owning your property outright and getting out of debt, but potentially help you pay less in interest charges over time. There are a few home loan features and options that may be able to help you pay off your home loan faster.

The pros and cons of negative gearing: how does it impact the housing market?

You’re likely familiar with the benefits and risks of negative gearing for investors. But how does negative gearing impact the overall housing market? And could it be hurting property prices?

How long does it take to get a home loan approved?

Getting a home loan approved could be a short and simple or lengthy and complex process, depending on your application and your financial situation. While the average time from home loan application to formal approval and settlement can take between four and six weeks, some mortgage lenders advertise that they can approve a home loan in as little as 10 minutes.

Shared equity schemes vs guarantor loans

Sharing the burden of home loan costs can expedite the approval process. There are a few different options to consider when deciding who can help you secure the necessary finances to purchase a property.

Should I move or renovate? What makes more financial sense

It’s a decision that many an Australian homeowner has had to make – should you sink the time and money into fixing up your home, or pull up stumps and move elsewhere? The answer could depend on your plans for the property, your financial situation, and the personal goals you want to achieve.

Buying a house when you’re unmarried

When it comes to getting a home loan and buying property in Australia, there is usually no real difference between a married couple and a couple in a de facto relationship. That said, it’s still worth considering whether buying property when you’re unmarried is the best choice for your personal finances and your relationship.

Are you at risk of mortgage stress when rates rise?

Australian homeowners are at risk of mortgage stress following repeated rate hikes.

What are the rules of a home equity loan?

Accessing your equity can help you make the value of your property work for you, allowing you to enjoy more financial flexibility and reach your goals. But there may be rules and regulations to consider before applying for a home equity loan, which could affect your decisions.

Should you buy or build your home?

For many, the idea of building a home from scratch is an exciting prospect. But what factors should first be considered and how does it compare to buying an existing dwelling?

When do you need a house valuation for property tax?

Becoming a property owner can have its advantages, but it can also mean paying taxes you may never have considered before. Getting a property valuation can help to make sure you’re paying the right amount of tax for your property.

Can your crypto help you get a home loan?

Many Australians have chosen to build their wealth through investment in digital assets such as bitcoin and other cryptocurrencies. But could your crypto help you invest in in bricks and mortar assets such as real estate by helping you secure a home loan?

How to shop for a home equity loan

A home equity loan lets you put the value of a property to work, whether you want to renovate your home or buy another property. Understanding how to compare home equity loans and knowing what you’ll need to apply can help make your experience smoother.