A just-released First Home Loan Deposit Scheme (FHLDS) report has highlighted the key trends and insights from the initiative’s first six months in operation spanning from January to June 2020.
Buying your first home is an exciting time! Did you know that the Australian Government has two new initiatives that support first home buyers? These are the First Home Loan Deposit Scheme (FHLDS) and the First Home Super Saver (FHSS) scheme.
Short-term rental properties like Airbnb have flourished in recent years, yet lenders still struggle to accept them as a valid income stream for borrowers.
A recent spike in funding costs is happening at the worst time for Australia’s big banks, as intense public scrutiny crimps their ability to pass on increases to customers.
Higher interest rates: Some of the major lenders are increasing the interest rates for investment loans. Some recent examples are Commonwealth Bank (CBA) cancelling pricing requests for investment loans, and Macquarie increasing rates for investors.
Check out our new Explainer Video to find out exactly why using Cairns Mortgage Brokers is so important when looking for a home loan, be it for a new property or to refinance your existing home loan. We also handle business finance so if you are in the market for finance give us a call on 0413 713 534.
With over 20 years experience in Home Loan Lending and Financial Planning, You can feel confident Cairns Mortgage Brokers will get you the best deal on the market. Call us today: 07 4057 9746