home buying
9 Must-Know Home Loan Terms
Whether you are a first time home buyer or have been within this circle before, you must know what a tiring process buying a home is. Moreover, if this process involves a home loan, then you have to deal with bulky paperwork and uncountable legal formalities. Finding purchase-worthy properties and shortlisting one already sounds like a roller coaster ride, and on top of that, your spirit is bogged down with the real estate industry jargon used by lenders and agents. This sends your thoughts spinning, leaving you with a headache at the end of the day. “Buying a home is…
How Your Credit Score Affects Your Home Buying Costs
Buying A New Home is a tricky endeavour. It involves looking at various options, finding the right house that suits your budget and finally, applying for a loan. And then, you are denied of that? Why? Because your credit score is too low. How come this figure matter so much? Well, your credit score gives the lender an estimate of the amount you can repay monthly. So, what criteria does it operate on? Let us find out all about having a good credit score and applying for mortgage. What is a Credit Score? A credit score is a four-digit figure that…
Negative Gearing And Its Impact
Australia’s real estate market prices have been on a regular rise and the removal of negative marketing has proven to become a huge hurdle for home buyers, especially the first- timers. Furthermore, the proposal for Negative Gearing, by the Australian opposition party, for cutting generous tax breaks for retail property investors is not making housing any cheaper. Australia’s pricey property market has been the hot topic of debate lately after Bill Shorten from Australia’s Labor Party’s proposed structural reforms to make housing more affordable. However, the opinion is that Shorten’s proposal would not have much impact on reducing Australia’s sky-high…
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