Settlement day is not just a day when you settle on a loan with your bank that you’ve worked hard on; it’s also a day where your dream of owning a property comes true. We have seen the excitement of our clients receiving the keys to their new home on settlement day. We have made it our business motto to…
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Principal & Interest Principal & Interest (P&I) loan repayment method covers the repayments of both Principal(Original Loan Borrowed) as well as the interest accrued. Pros: You build equity You pay off the loan Cons: Repayment is higher P&I May not be suitable for short term investors/developers Interest Only As the name suggests, Interest Only (IO) repayment method is the payment…
Higher Education Loan Program (HELP) previously known as Higher Education Contribution Scheme (HECS) is an Australian government low interest rate loan offered to Australian citizens, permanent residents and New Zealand Special Category Visa holder who meets the long-term residency requirements who enrol in a Commonwealth supported to study in Universities and TAFE level and are repayable through taxation system. Make…
Things to be aware of which could hurt your credit score.
Choosing between Fixed rate or Variable rate home loan is a personal preferences. You can choose which ever one suits your financial situation better.
A credit score is important to the majority of home loan lenders when reviewing your home loan application. A good credit record will be rewarded with better home loan deals, while having a poor credit score can limit your options for choosing from some lenders and the loan products they offer. Here are 10 things that can hurt your credit…