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This article originally appeared on Nectar Mortgages and has been published here with permission. From 31 October 2021, The Australian Prudential Regulation Authority (APRA) increased the minimum interest rate buffer it expects banks to use when assessing the serviceability of home loan applications. The required buffer is now 3.0%. What

This article originally appeared on Nectar Mortgages and has been published here with permission. According to the Reserve Bank of Australia, over 800,000 mortgages will be rolling off their record-low fixed rates this year. Many borrowers on an expiring fixed rate will want to refinance their loans rather than letting

This article originally appeared on Nectar Mortgages and has been published here with permission. When it comes time to buy a home, there’s a lot to learn and a lot of jargon involved in applying for a home loan. Moreover, anyone who has spent time looking at home loans knows

This article originally appeared on Nectar Mortgages and has been published here with permission. As you apply for a mortgage, you’ll hear about Lenders Mortgage Insurance (LMI). This is a type of insurance that lenders take out to cover themselves in case the borrower (you) isn’t able to make repayments

This article originally appeared on Nectar Mortgages and has been published here with permission. If you are moving city or looking to relocate within your hometown, you’ll have heard of at least several suburbs heralded as the most desirable places to live. However, buying into a neighbourhood based solely on

Put simply, equity is the difference between your current property’s value and your remaining mortgage balance. A huge benefit of owning your own home is increasing the equity in your property every time you make a mortgage payment. Over time, the equity you build can create opportunities for you to