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What Are the Benefits of a Split Home Loan?

With interest rates at an all time low, the question of whether to choose a fixed interest rate loan is a hot topic. Last month we took a closer look at The Pros and Cons of a Fixed Rate Home Loan, but what if you are torn between a fixed rate and a variable rate home loan? There is a solution – you can take out a split rate mortgage.

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The Pros and Cons of a Fixed-Rate Loan

When purchasing a property, refinancing or just renegotiating with your current lender, borrowers can generally decide between fixed-interest loans that maintain the same interest rate over a specific period of time, or variable-rate loans that charge interest according to market rate fluctuations. With interest rates at an all-time low, and many lender’s fixed rates significantly lower than their variable options, refinancing to a fixed rate is a very attractive option at the moment. While none of us know what the future holds, we can look at the facts and make an educated decision. Here are the ins and outs of fixed-rate loans.

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South East Queensland Land Sales Booming!

First home buyers are keeping brokers and lenders very busy at the moment as they take advantage of the many different grants and schemes available to them. Home and land packages seem to be particularly attractive with buyers looking at growth corridors where they can see an equity increase in their property going forward.

The latest vacant land data demonstrates that even with the COVID-19 pandemic ravaging the country, the South East Queensland land market displayed a 4.26% increase in lot sales from the corresponding financial year.

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Is Your Home Loan Still Right For You? What to consider when refinancing

If this crazy year has taught us anything, it’s how life can change and chances are that since you got your home loan, interest rates have moved. Since you took out your mortgage, your life has probably changed a little too. Your income and expenses may have changed, and your financial goals could also be different.

With the Christmas holidays just around the corner, possibly bringing with them a little down time, now could be the perfect opportunity to review your finances and think about your goals.

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First Home Buyer Incentives

With historically low interest rates available at the moment, now could be the perfect time to get your foot on the property ladder. If you are thinking about buying your first home, you’ll be very happy to hear that there are quite a few government schemes available to you. This will probably be one of the largest investments you’ll make in your life and you will undoubtedly feel a little overwhelmed (and quite excited), so for your convenience, we’ve put together a list of all the incentives available to first home buyer, owner occupiers in Queensland.

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