The Credit Score Blog
A blog about mortgages, loans, interest rates, tips and tricks.
Fixed mortgage rates set to rise in coming months: experts
House prices could jump 17% in 2021 and mortgage rates are set to rise much sooner than expected, ANZ Bank has tipped.
Let’s look at how soon they think it’ll be before fixed rates rise
LMI vs LPP
Lenders Mortgage Insurance vs Loan Protection Who’s protecting who? As a borrower, taking out a loan of any kind can be an overwhelming and complex process. This isn't helped by all the different financial product naming conventions, and acronyms that you will...
Using a deposit bond to secure a property?
Before taking their property off the market, your vendor wants a deposit to ensure that you will settle, but your funds won’t be available until settlement. What do you do? Most vendors require property purchasers to pay a deposit ahead of settlement as a commitment...
How A Guarantor Can Help You Secure Finance
When you’re desperately trying to save up a deposit for a home and just see the prices of property climbing and climbing, it’s difficult to remain patient. But there is another way: a guarantor can help. If you don’t have a substantial deposit for a home loan,...
How To Buy A Home When You’re Self-Employed
Self-employed borrowers come up against the challenge of not being able to simply present payslips and tax returns to back up their loan applications. But this need not stop you buying your dream home. Many lenders offer loans for self-employed borrowers who...
When Should I Find A Finance Broker?
Saving for a home? If you haven’t met with a finance broker yet, it may cost you. Here’s why. When saving a deposit to buy a home, many people have a goal amount in mind that they need to save before they meet with a finance broker who will help them secure the...
What Is LVR?
The mortgage industry is a wide, wondrous world with a language all of its own. One of the many acronyms bandied about is ‘LVR’, which stands for ‘loan-to-valuation ratio’. Here’s what it means. When you are working out what amount you can borrow to purchase a...
Buying A Tenanted Investment Property
There are plenty of upsides to buying an investment property that already has a tenant, as well as a raft of risks. Here’s how to minimise them. Purchasing an investment property that already has a tenant means you collect rent from day one, with no vacant period and...
Five Simple Ways To Increase Loan Repayments
Paying off a mortgage can seem relentless – every payment counts of course, but it can seem to be taking forever to make a dent. Here are some simple ways you can increase the amount you pay off and own your home sooner. Reducing the principle on your mortgage as...
How RBA Rate Changes Affect Your Interest Rate
With the RBA setting the official cash rate at all-time lows, it’s a good time to work out how this impacts the interest rate on your home loan and whether you are getting a good deal or not. When the interest rate on your home loan fluctuates, it can feel as though...
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