Home Loans Articles

What is positive gearing?

The proportion of positively geared properties in Australia is on the rise, but is it the right strategy for you? Understanding more about this niche investment approach may help you to make better decisions when it comes to acquiring a loan.

What banks look at for a home loan? | RateCity

When you apply for a home loan, lenders will want to survey your financial track record and look at your spending habits. You should be prepared to supply everything banks require for a home loan.

Can you sell a house before paying off the mortgage? | RateCity

When you decide to sell your current house and buy a new one, you need to know how to sell a house while still paying the mortgage.

When does the Reserve Bank meet next? | RateCity

The Reserve Bank of Australia (RBA) meets to set the cash rate on the first Tuesday of every month, excluding January. The RBA meets eleven times a year to determine if it should increase or decrease the cash rate, or keep it on hold.

Shares vs property: which investment option should you consider?

Two of the most recommended investment options in Australia are property and shares. Both investment options have their advantages and risks, so let's compare which option may be best for you.

Getting a mortgage for an international property

There’s an old real estate saying that the three most important factors when buying a property are location, location, location. But what if that location is overseas? Can Australians still get home loans to buy international properties?

How to buy a house in a de facto relationship

The process of buying a property is similar for both married couples and couples in de facto relationships. That said, some of the steps involved may require some extra consideration for de facto partners, as they could make a difference to future personal and financial goals.

A guide to paying off your home equity loan

Accessing the equity in your home can provide extra financial flexibility, which can be useful for managing major purchases and household expenses. But how will you go paying down your loan until your debt is cleared?

Do home equity loans require a credit check?

While different lenders may assess home equity loan applications differently, a credit check may be one of the steps involved. If you’re concerned about your credit score affecting your application, it may be worth learning more about exactly what’s required to help improve your application’s chance of approval.

Difference between a home equity loan and a reverse mortgage? | RateCity

Accessing the equity in your home can be done via a home equity loan or reverse mortgage, but what are they? Understand what they are and how they work.

Applying for a mortgage on a bridging visa: what you need to know

Bridging visas may be granted for temporary residence depending on your specific circumstances. It can allow you to stay in Australia lawfully while an immigration status is finalised.

Can you combine your home equity loan into your mortgage?

If you hold equity in a property, you may be able to use it to access a loan or a line of credit to help you cover the cost of major expenses or household projects. You may be able to choose between managing your home equity loan separately or combining it with your existing mortgage, though there are pros and cons to each approach.

Getting a home valuation for home equity loan: what you need to know

To access the equity in your home you’ll need to know your property’s current value. To get an accurate figure a property valuation may be required, though the type of valuation may depend upon your property and financial situation.

How much does an average home renovation cost?

Estimating the cost of a home renovation can feel a bit like estimating the length of a piece of string. The answer will vary depending on the type of renovation, your personal financial situation, and a wide range of other factors.

What are the most sustainable flooring options?

Choosing flooring for your home can be a weighty decision, as it’s a major interior feature and one that you’ll likely live with for many years to come. That’s why it’s so important to consider the sustainability of the material you choose for your floors.

Different ways to finance a solar power system for home | RateCity

Investing in a solar power system for your home could help you cut down your energy bills and also reduce your environmental impact.

How long is a typical home equity loan term?

Depending on the type of home equity loan you choose, there may be different loan term options available. Your choice of home equity loan could make a big difference to your financial future, as well as the overall cost of your home equity loan.

Do I need a house valuation for probate? What you to know about deceased estates

Becoming the executor for a deceased estate can be daunting. While you’re dealing with your grief for the departed, you’re also taking responsibility for the will they left behind. Understanding some of the requirements and responsibilities involved when dealing with a deceased estate can help to ensure that everybody is well looked after, financially and emotionally.