When preparing for a home loan, it’s not just your savings and income that matter. Lenders take a close look at your financial habits, and some seemingly small details can make a big difference. Here are four factors that might unexpectedly impact your borrowing power: Small Subscriptions, Big Impact Those $10 or $20 monthly subscriptions…
Hi and welcome to this month’s Dominion Finance newsletter Here we are in August on the downhill slopes of winter, surely the warm weather cannot be too far away. The Reserve Bank raised the cash rate another 50 basis points today, and along with inflation at 6.1% it feels like we are going to be…
Welcome to this month’s Dominion Finance newsletter. For the first time in twelve years the interest rates are increasing and because of this many of our clients will not have seen this before. Similar to when rates dropped, your lender will advise you what their increase will be and when it will become effective.…
Everything you need to know about the Federal Budgets Home Loan Schemes. Tuesday night’s Federal Budget saw the expansion of the Home Guarantee Scheme. The Home Guarantee Scheme will allow tens of thousands more aspiring homeowners to purchase a property without having to save a 20% deposit or take out lenders mortgage insurance. The…
Welcome to this month’s newsletter for March 2022. We thought this was going to be the year of getting back to normal after fires, floods, and pandemics and we could move on with hope and joy for the future. Then someone has to got and upset the applecart which sends Europe to the brink of…
What is a mortgage broker? A mortgage broker is a third-party intermediary who will act on your behalf to arrange your home loan application. Rather than directly working with a bank or financial institution, a mortgage broker is able to work with a variety of lenders to find the best home loan that suits…