Home Loans & Personal Finance

Lesley C.

Asquith, NSW

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0 Followers

Hi there

We have a fixed rate loan of $620,000 that matures in Nov this year. We want to do about $150,000 in renovations and would like to refinance their existing loan and borrow the extra. Home would be valued about $950,000. Is this posisblea nd would there be any fees to break the fixed loan. What rate could we get?

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last week

Leah W.

Pennant Hills, NSW

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Hi, I want to buy a property and it will probably need to be an investment property. I’m 33, first home buyer, single, no kids, a $2000 credit card limit and no other debts. I have been in the same job for 3 years and saved $30,000 living at home.
Income is $98,000 plus super. How much can I borrow and does anyone have any suggestions as to where I should buy?

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3 weeks ago

Aleisha R.

Menai, NSW

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0 Followers

We have been researching websites like RateCity and Finder where they saw home loan rates can be as low as 3.44%. Our rate is 3.99% and we contacted our broker and they said because we have only had the loan for a year we shouldn’t refinance. They said we could refinance but it would cost them money if we did and we would have to pay the fees on their behalf. Is this normal for brokers?

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last month

simplyaskit

Business Advisor

North Sydney, NSW

187 Likes
391 Followers

There’s a lot of noise coming out of the Banking Royal Commission about mortgage brokers, the commissions they receive and their ongoing trailing income.

We’d like to ask, if as some are suggesting the mortgage broker model is changed to pay for service and abandoning trailing income what impact would it have on consumers in terms of home loan competition, interest rates, service levels, convenience and the cost for them to obtain a home loan ?

What impact would it have on the overall home loan industry?

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2 months ago

Mick W.

Bathurst, NSW

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We want to refinance and borrow an extra 100,000, total loan amount would be 580,000. The security is our home on 150 acres and worth around 800,000. Is this possible?

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2 months ago

Cathy D.

Rosebery, NSW

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0 Followers

Last year the bank cut the rate on our home loan from 4.72% to 4.25% - at the time we were very happy but can I ask if our rate is too high and is now a good time to be looking at fixing some of the loan?
Thanks

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2 months ago

Seb A.

Randwick, NSW

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0 Followers

Hi,
Are there any lenders that will look at 6 units on the one title?
Property is in Abbotsford and but we keep being told the maximum number of units is 4 – the refinance is about 65% of the value of the property. Any advice?

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3 months ago

Gurinder P.

Campsie, NSW

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My wife and I work full time ..have a 3 year old in child care. We have $100,000 deposit from an inheritance from overseas and want to buy a home. My salary is $78,000 and my wife is a contractor and earns about $60,000. How much could we borrow?

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3 months ago

Mitch G.

Williamstown, VIC

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0 Followers

We are on a variable rate loan at 3.82 and thinking about fixing all of part of the loan for 2 or 3 years. Is now a good time and what are the best fixed rates at the moment?

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3 months ago

Patrick M.

Leonay, NSW

2 Likes
0 Followers

Home Loan $523,000
Rate – 4.17%
My income – 97k plus super
My wife’s income – 102k plus super
Credit card limit $3k
2 kids 9 and 7
No other loans or debts and we have been in the same job for over 3 years

What is the best rate we could get by refinancing?

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3 months ago

PJ M.

New Farm, QLD

6 Likes
0 Followers

How do banks assess income from bank share dividends? Is an averaged out income of $200/week from dividends considered the same as $200/week of income from a job?

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3 months ago

vanessa g.

Glenfield, NSW

1 Likes
1 Followers

Just wanting advice on how to positive gear we have an estate and wanted to buy something of lesser value than the estate which there is no monies owed to the house would we need to get a loan or is the equity in the house used
Thankyou in advance

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3 months ago

Peter M.

Frankston, VIC

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0 Followers

First home buyers, my income is 92,000 and my wife 85,000 and we have been living the same property for 3 years and never missed paying the rent. We have saved 35,000…. have no debts and pay off our credit card each month. Can we get a loan and roughly how much could we borrow?

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3 months ago

Tim O.

Salisbury, SA

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0 Followers

Broker lodged our home loan with Westpac on 25 September and we have not got an answer yet, how long does it normally take?

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4 months ago

Mark D.

Hamilton, NSW

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0 Followers

Is now a good time to be fixing my home loan rate? 2 or 3 years? .... and are there fixed loan where you can still make extra repayments - current rate 3.87% thanks

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4 months ago

Timo B.

Summer Hill, NSW

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0 Followers

Hi
Current home loan is $635,000, fixed rate ends in November. Property value is $900,000 and we have credit card balances of $15,000 and a personal loan of $10,000. Between my wife and I our combined income is $185,000 – no kids. Can we refinance all the loans into one and what is best rate we could get?

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4 months ago

Michelle N.

Kingswood, NSW

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0 Followers

Hi I am considering buying 1 bedroom apartment as first home buyer in Sydney west and rent it out after 6 months as I will be away. I have 5% deposit. How secure is to go into property market now as its cooled down maybe I can be bankrupt and not find tenants.

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4 months ago

Angus T.

South Perth, WA

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Investment loan has been fixed for 3 years and about to mature - $750,000 loan with CBA. We would like to keep the loan interest only and they have now offered 4.75% variable. That seems extraordinary high… what is the market rate?

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4 months ago

Susie T.

Beaumont Hills, NSW

5 Likes
0 Followers

Hello
I am a first home buyer and would like to get some advice to buy a home. I have been in the same job for 4 years and earn $90,000 a year plus super. No loans and pay off credit card each month. I have inherited $120,000 and would like to know what price range I could look at, stamp duty costs and what do I have to buy to get the first home buyers grant. What rates and repayments are possible? Thank you

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4 months ago

Jason M.

Kogarah Bay, NSW

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0 Followers

We are looking at a new loan for renovating and know if it’s possible to fix the rate while the renovations are being done. If not, would a lender agree on locking in a 2 or 3 year fixed rate now so when the renovations are complete our loan is fixed at todays rates - the renovation will finish around March next year

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4 months ago