The top 7 things a new home buyer needs to know

1. Bigger deposit, better position While some lenders can offer low-deposit loans for less than 5 percent of the purchase price, saving around 20 percent can offer you big benefits: Access to a wider pool of lenders and products You need to borrow less money overall It’s a clear sign to potential lenders that you’re … Continued

Never refinanced?

A recent survey of Australian mortgage holders found 45% had NEVER refinanced their home1. The report also found customers who DID refinance saved an average of $240 per month ($2,880 pa) by refinancing a 30 year loan.