It’s easy for us to feel like when we move countries and our life resets, that our debts back home are just no longer an issue. Unfortunately, that’s not exactly how it works. Your debt obligations travel with you. Think of relocation as just changing the stage rather than the script. Your lenders still want repayment. So, what happens? The Short Answer Leaving Australia doesn’t erase what you owe. There’s a good chance that the creditor may keep contacting you

You want a place to call your own, and fortunately, the path to get there is directly through habits you control. This guide shows you how to save for a mortgage without turning life into a grind. Start With the Destination Before we get any further, we’d suggest working out your target home deposit and timeline before you even start saving. So this means picking a price bracket that suits your income, then translating that into a house deposit figure. 

Buying your first place feels big, but the path gets clearer once you run the numbers. Most banks want a home loan deposit between 5 and 20%. And the purchase price sets the target.  If you’re looking at a $700,000 property, a 10% deposit comes to $70,000, plus everything from stamp duty to legal fees and other upfront costs that hit before settlement. After you move in, ongoing costs like rates and insurance keep ticking, so plan for those too.

From working out residency status to juggling loan terms, it helps to know what comes next when you’re searching for a mortgage. If you’re a new immigrant mortgage seeker, this guide explains each step of the journey.  By the time you finish, you’ll have a clear path toward a home purchase – even if you’re still sorting visa type details. Know Your Residency Status First, check your visa status. Visa holders face different lending criteria than permanent resident applicants –

When you start shopping for a home loan, you’ll bump into the term “maximum loan-to-value” a few times. It shows up on lender fact sheets and in conversations with brokers, but what does it actually mean? It’s basically the highest loan amount a lender will offer relative to a property’s purchase price or market value. So it helps you plan your deposit and know all your upfront costs if you understand that number from the start. Common Misconceptions and Myths

When you first dive into real estate investment, you’ll hear about the capitalization rate again and again. It’s a simple concept on the surface, but it’s one of those things that encompasses a bunch of different factors, like: So you’re not exactly alone if you’ve ever asked yourself “what is a good capital rate for investment property.” Let’s break it down now: Grasping the Capitalization Rate At its core, the capitalization rate – or cap rate – is just the

Are you looking to buy your first home in Australia? We appreciate that while this is obviously a very exciting journey, you’ll undoubtedly have your fair share of questions. Will you qualify? What grants exist? How do you navigate the jargon?  We get it. It’s a lot. But hopefully you’ll have a much clearer understanding of what you need to do by the end of this article. Understanding Your Starting Point The first thing that you’re probably asking yourself is

If you’re an Australian thinking about buying property overseas, you might be surprised to learn that some of the cheapest mortgage rates in Europe are lower than what you’d find back home.  European Mortgage Rates at a Glance There’s no single “European” mortgage rate because it differs by country. The average mortgage interest rate across the euro area is roughly 3.30%. But individual countries deviate a lot from that average.  To put these numbers in perspective, let’s compare them to

Are you struggling to decide whether you want to go to a big bank or a small lender to get your mortgage? We’d totally get why you’d think about just going to a big bank. There’s familiarity and some level of reliability that you might not be sure you’re getting with a small lender.  That said, this process is more about finding someone who’s going to match your priorities – that could be: Fortunately, both the traditional giants and fairly