All, Finance

How well do you know your finance jargon? Take our quiz!

The finance industry has a bunch of acronyms and abbreviations that can make the home buying process a little confusing. But they’re not as difficult to understand as you might think. Take our short quiz to see how many you can answer!

Below we’ve listed eight commonly used acronyms and abbreviations in the mortgage and finance industry.

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All, Finance

$1 lenders mortgage insurance for eligible first home buyers

You’ve probably heard something along the lines of ‘you need a 20% deposit to buy a home’, right? Well, not necessarily. Today we’ll look at two options available to eligible first home buyers, including a $1 lenders mortgage insurance offer that’s just been launched.

Now, to be fair, that 20% deposit figure quoted by your uncle Barry wasn’t

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All, Finance, News

Final touches on $25,000 HomeBuilder scheme announced

The “crucial final touches” on the federal government’s $25,000 HomeBuilder scheme have been revealed. Will your build be eligible?

When the federal government announced its $25,000 HomeBuilder scheme in early June the immediate reaction from many was ‘you little beauty’, quickly followed by, ‘wait… will my project even be eligible?’

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All, Finance, News

You might be closer to your first home deposit than you think

You’ve probably heard the federal government is giving $25,000 grants to eligible Australians looking to build or substantially renovate their homes. Today we’ll look at what that means for first home buyers when combined with state and territory schemes.

If you’ve been umming and ahhing about purchasing your first home for a while now, we have great news: you’d be hard-pressed to find a time when

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All, Finance, News

First home loan deposit scheme reaches capacity (for now)

The 10,000 guarantees available via the new First Home Loan Deposit Scheme have been filled or reserved, but for those who missed out, there’s a second chance coming soon in July.

There have been 5,500 guarantees issued under the federal government scheme, while another 4500 borrowers have guarantees reserved in the coming months.

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All, Finance

Cash rate to remain at record-low level until 2023: experts

Here’s a bit of welcome news for mortgage holders: Australia’s record-low cash rate is likely to remain in place until 2023, according to leading economic and property experts.

In March, the Reserve Bank of Australia (RBA) called an emergency meeting, cutting the cash rate for a second time that month and taking it to a record-low of 0.25%.

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All, Finance

Is now a good time to lock in a fixed rate?

With interest rates at record low levels, today we’ll look at a question that many are asking: should I lock in a fixed rate home loan?

You may have recently received a call directly from your bank, or seen more ads than usual across the internet spruiking super low fixed-rate mortgages.

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All, Finance

5 tips to save money as a working mom

If you were to buy a home today, most banks would require you to put down 20 per cent of the purchase price as a deposit. Besides, having a 20% deposit also prevents you from paying an absurd amount of fees for lenders mortgage insurance.

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