How is interest calculated on my home loan? As a basic rule, mortgage interest is calculated each day, based on the amount of money (or principal) still owing on your loan. As the principal declines, so does the borrower’s interest bill. For example, if someone took...
How do green home loans work? As more Australians look for ways to minimise their carbon footprint, a growing number of lenders are backing them with ‘green’ loans. Green loans, also known as sustainable loans, are loan products that can be used to finance the...
9 things to prepare before buying a home If you want your property purchase to be as stress-free and successful as possible, it’s important to follow a methodical process that begins even before you start looking at online listings. The first thing you should do...
Your quick guide to guarantor home loans One of the hardest parts of buying a property can be saving the deposit. A guarantor home loan could give buyers the chance to enter the market years ahead of schedule by using a guarantor (generally a parent or close relative)...
Government opens up more housing assistance places Another 50,000 places have been made available for the federal government’s Home Guarantee Scheme (HGS) for the period 1 July 2024 to 30 June 2025. The HGS includes the First Home Guarantee, which gives eligible...
