Blogs

Spring is just around the corner which traditionally means the property market will start to warm up. If you are considering making that next property purchase, we recommend you get a home loan pre-approval first. Not only does it save you time on your property search but also protects you from overspending at an auction. Follow these 3 easy steps to get your home loan pre-approval sorted today: 1) Collect your documents Proof of identity Proof of income and savings Proo...

FinancePath has won the prestigious Community Champion category at the 2023 Mortgage & Finance Association of Australia* (MFAA) State Excellence Awards. Judged by an independent panel of industry specialists, business professionals and experts, the MFAA Excellence Awards are the most rigorous in the Australian mortgage and finance industry. The Community Champion award category recognises brokers, broker businesses and staff who have delivered exceptional social, ethical or communit...

Have you ever wondered how lenders decide whether to grant you that desired home loan? Your credit report holds significant importance in their decision-making process. Think of it as your financial report card, showcasing your payment habits and borrowing history. Discover what you need to know about credit reports and why your credit score plays a vital role in your journey toward homeownership. What is a credit report and why is it important? A credit report summarises your credit behav...

There’s nothing quite like the buzz of seeing these words in your inbox: “Settlement Confirmed!” Settlement day can be both exciting and nerve-wracking. But once the formalities are done, it’s all worth it. Whether you’re a first-time buyer or are new to how settlement works, find out what you need to know. What is settlement day? Settlement day is when ownership of a property is legally transferred from one party to another. It’s facilitated by your le...

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...