Buying My First Home Archives - Page 3 of 7

Oct 31

Bar raised for borrowers: tougher home loan serviceability tests

By userDHARRIS4 Buying My First Home, News

From November 1st some borrowers will find it a little harder to get a mortgage. In October, the banking regulator announced tougher serviceability tests for home loans to take effect from 1st November 2021. So, who will they impact most? The Australian Prudential Regulation Authority (APRA) increased the minimum interest…

Sep 30

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Is a home loan lending crackdown on the horizon?

By userDHARRIS4 Buying My First Home, News

The federal treasurer has given the strongest indication yet that a home loan crackdown is coming, stating that “carefully targeted and timely adjustments” may be necessary to avoid troubled waters. So what could a potential lending crackdown look like? Lending standards and fast-rising property prices have been hot topics of…

Aug 19

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Pitching in without falling out

By afg_admin Buying My First Home, Finance Help, News

Lenders are helping parents boost their children's buying power without putting their house or relationships on the line. Despite a patchy customer service history, the Bank of Mum and Dad is soaring to new heights as the property market booms. And no wonder - conditions are perfect to drive inter-generational…

Jul 01

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It’s on! First home loan deposit schemes open for applications

By userDHARRIS4 Buying My First Home, Finance Help, News

If you’d like to buy your first home with just a 5% deposit and pay no lenders mortgage insurance (LMI), then you better act quick, as thousands of first home buyers are expected to rush to apply for the limited spots up for grabs. And if you’re a single parent…

Jun 24

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Property price caps increased for first home loan deposit scheme

By userDHARRIS4 Buying My First Home, News

First home buyers can now purchase more expensive properties under the federal government’s hugely popular 5% deposit, no LMI scheme. Single parents with dependent children are also welcoming the higher property price caps, which will apply to the federal government’s new Family Home Guarantee scheme, too. The First Home Loan…

Jun 04

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4 in 5 hopeful buyers don’t understand key financial concepts

By userDHARRIS4 Buying My First Home, News

While most Australians dream of owning their own home, the majority of hopeful homeowners admit they don’t fully understand how home loans or mortgage rates work. That’s why we make it our mission to enlighten you during your home buying journey. They say knowledge is power. But this week we…

May 13

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Single parents and first home buyers get big budget boost

By userDHARRIS4 Buying My First Home, News

Single parents saving for a property and first home buyers are the big winners from this year’s federal budget. Today we’ll break down the three schemes that will help them crack the property market sooner. In recent months there have been signs that first home buyers are beginning to shy…

Apr 16

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How long do you have to snap up a property in the current market?

By userDHARRIS4 Buying My First Home, News

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…

Apr 01

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Fixed mortgage rates set to rise in coming months: experts

By userDHARRIS4 Buying My First Home, Finance Help, News

House prices could jump 17% in 2021 and mortgage rates are set to rise much sooner than expected, ANZ Bank has tipped. How much earlier than expected? Well, the Reserve Bank has repeatedly said the official cash rate isn’t likely to increase for a few years, but ANZ senior economist…

Feb 13

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Back up for grabs: 1800 first home buyer scheme spots reissued

By userDHARRIS4 Buying My First Home, News

Great news just in for first home buyers: the Australian government will reissue 1800 First Home Loan Deposit Scheme (FHLDS) spots from the 2019-20 financial year. The 1800 spots are back up for grabs because people who previously reserved a spot in the Australian government scheme were unable to complete…

Buying My First Home

Bar raised for borrowers: tougher home loan serviceability tests

Is a home loan lending crackdown on the horizon?

Pitching in without falling out

It’s on! First home loan deposit schemes open for applications

Property price caps increased for first home loan deposit scheme

4 in 5 hopeful buyers don’t understand key financial concepts

Single parents and first home buyers get big budget boost

How long do you have to snap up a property in the current market?

Fixed mortgage rates set to rise in coming months: experts

Back up for grabs: 1800 first home buyer scheme spots reissued

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