Posted in Borrowing capacity
Achieve your dream homeownership sooner than you think!
Posted by Chris Collard
on 3 April 2024
Getting ready to buy a home starts with saving for the deposit. It might seem challenging, but with a solid strategy, you can make it happen.
Here are several things to consider to get you started and on track for home ownership sooner than you think.
1) Set a Realistic Savings Goal
Determine how much you need for a home deposit based on the property you want to buy and your lender's requirements. Typically, a deposit of at least 20% of the property's purchase price is recommended ...
Posted in:Property InvestmentHome loansFirst Home BuyersBorrowing capacitygovernment grants |
Did you know your HECS-HELP debt can affect your borrowing capacity?
Posted by Mark Attard
on 12 May 2023
Do you know how much you owe on your HECS-HELP debt?
Recent high inflation means millions of Australians with student loan debts are facing a 7.1% increase from 1 June, up from 3.9% the previous year.
Your HECS-HELP debt is an important piece of information that lenders take into consideration when assessing your application for a home loan, so it’s important to understand yours.
Find out more about how indexation will impact you.
What is HECS-HELP?
The Higher Education L...
Posted in:Higher Education Contribution SchemeHigher Education Loan ProgramBorrowing capacity |