Are you a single parent? Have you always wanted to own a home but never really could save up the deposit? You can now buy a home with as little as a 2% deposit, with the new Family Home Guarantee scheme introduced in the current 2021 budget. From 1 July 2021, 10,000 Family Home Guarantees […]
When you reach the assessment stage of your home loan application, you will be told what your borrowing capacity is. This is the maximum amount of money a bank will lend you. To work out your borrowing capacity, lenders will look at three key areas. Here’s a brief rundown on each: 1. INCOME How […]
With the property market running hot, mortgage lending is at historically high levels, according to the most recent data from the Australian Bureau of Statistics. Australians took out $28.6 billion of home loans in February – 1.8% lower than the month before but a massive 55.2% higher than the year before With so much […]
Buying a home is probably one of life’s most important milestones, so getting the right home loan tailored to your specific needs and circumstances is essential. When it comes to home loans, there are many factors to consider besides interest rates. Choosing the right home loan could not only provide flexibility as your financial situation […]
What happens when you rent out your home? While you live in your home you are generally free of any tax consequences. If you sell it, you should get the principal place of residence capital gains exemption. While you own it, none of the expenses associated with owning the home are tax deductible. But once […]
The end of COVID support packages JobKeeper and JobSeeker is unlikely to have a significant impact upon the real estate market, despite initial fears. The pandemic was forecast to have a seismic impact upon our property market with prices predicted in some quarters to sink by 30 per cent. In contrast, dwelling prices have grown […]
Investment in real property, such as residential real estate, is likely to be a lengthy process and one that usually involves a plan for the long term. To ensure you have considered what is required before making the big purchase, here are 5 tips to help. Make the commitment A property investment must be a […]
What is the Best Interests Duty for mortgage brokers? The best interests duty for mortgage brokers is a statutory obligation for mortgage brokers to act in the best interests of consumers (best interests duty), and to prioritise consumers’ interest when providing credit assistance (conflict priority rule). These two obligations are collectively referred to as the […]
The economic crisis brought by the COVID-19 pandemic last year prompted lenders to grant a mortgage deferral to borrowers. The mortgage ‘holiday’ acted as a relief for many. Of the total home loan takers across lender banks, 10% accepted the offer and paused their repayments. Further, the lender banks were allowed to give extensions of […]
Many home buyers encounter an unpleasant scenario where their dream home is found but their current property has not been put on the market yet. Or it is on the market but buying now would mean they have to accept a low price for their current home so that they can marry up the two settlement dates not to […]
Cornerstone Home Loads deliver a personalised approach with a focus on long-term relationships. Our exceptional results have earned us a strong reputation in helping you achieve homeownership and financial goals.
