The Credit Score Blog
A blog about mortgages, loans, interest rates, tips and tricks.
How to ease financial pressure through debt consolidation
Here’s a quick experiment: try and juggle three balls.
Most people, besides those who ran away to join a circus, will likely drop at least one of them within a few tosses. One ball though? Easy peasy.
It’s not too dissimilar to the concept of debt consolidation, which we’ve covered in this week’s blog 👇
Is it cheaper to buy or rent your next home? You might be surprised
While it might feel like property prices are skyrocketing out of reach, the majority of Australian homes are actually cheaper to buy than rent over the next decade, according to a new report.
How so? Let’s take a look.
Has the housing market’s latest record-breaking run peaked?
Property prices climbed at a breathtaking pace in early 2021, which has been good news for homeowners and heartbreaking for house hunters.
However, there are seven key signs that the pace of capital gains has peaked.
HomeBuilder extension gives applicants extra 12 months to start building
Tens of thousands of HomeBuilder applicants around the nation can breathe a sigh of relief after the federal government extended the construction commencement requirement from six months to 18 months.
How long do you have to snap up a property in the current market?
You open up the real estate app on your phone, scroll through a few listings, and then there it is: the home of your dreams, ‘added 1 hour ago’. So just how long do you typically have to act in this hot market?
Well, let’s just say it definitely helps to have spoken to us about pre-approval if you’re actively house-hunting right now.
Hint: it’s not very long
COVID-19 repayment amnesty over: how to avoid a bad credit rating
The COVID-19 loan deferral program and credit reporting amnesty is now over, which means banks will report any late repayments on mortgage or small business loans to credit agencies unless you’ve entered into a hardship arrangement.
If you think you might be financially impacted by the end of JobKeeper, then check out our latest article on how to avoid late repayments being recorded up on your credit file.
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
How do you compare: how much of your pay goes to your mortgage?
The property market is going through a boom phase, which means housing affordability is getting tougher.
So how much does the average Australian household need to put towards their monthly home loan repayments in the current market? Let’s take a look.
$15,000 HomeBuilder grant deadline fast approaching
Thinking of building, buying a new home or renovating?
The HomeBuilder scheme ends on March 31, which means you’ve got less than two weeks to take advantage of the $15,000 grant.
7 ways to make your property more attractive to potential buyers
Did you know more than a third of Australian homeowners are considering putting their property up for sale so they can take advantage of the current boom in prices?
Here’s how to get your property looking spick and span for prospective buyers.
Time to roll up those sleeves
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