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Lenders Mortgage Insurance (LMI)
Lenders Mortgage Insurance (LMI) is a type of insurance required when a borrower takes out a home loan with a deposit of less than 20%. Lenders Mortgage Insurance (LMI) is insurance that protects the lender, not the borrower, when a…
How much deposit do you need for a first home in Australia?
For Australian home buyers, most lenders require a 20% deposit to avoid Lenders Mortgage Insurance. However, some buyers can purchase a property with deposits as low as 5%, particularly through government first-home buyer schemes. For example, on a $700,000 home…
What is Lenders Mortgage Insurance (LMI)?
Lenders Mortgage Insurance (LMI) is a type of insurance that borrowers often need to pay when buying a home with a small deposit. It protects the lender (such as the bank), not the borrower (you), in case the borrower cannot…
Consolidate debt – refinancing
People sometimes refinance a home loan to consolidate debt because mortgage interest rates are usually much lower than the interest rates on other types of borrowing, such as credit cards or personal loans. When you refinance, you may be able…
Cashback offer
A cashback offer is when a lender pays you a one-off cash payment if you take out a new home loan or refinance your existing mortgage with them. Instead of competing only on interest rates, some lenders offer cashback as…
Renovations That Add the Most Value in Australia
In a housing market where presentation has never mattered more, it is tempting to assume that fresh paint, styled cushions, and a new benchtop will carry the day. They help, but only to a point. Cosmetic facelifts help you sell;…
Why retirees should check out income funds
For investors weary of the market’s daily drama, income funds offer something rare: a promise of rhythm. They do not chase the next tech boom or speculate on global growth. Instead, they hum along, designed to turn capital into regular…
I value premium perks & convenience over cost
Used properly, premium credit cards function like quiet infrastructure. They reduce friction at airports, simplify travel planning, step in when things go wrong, and remove the need to organise insurance. The value is not found in time saved and stress…
I’m carrying credit card debt and need a low interest rate
Most people don’t aim to get into credit card debt. It mostly happens by accidental. A series of random purchases, or a period of low income, and suddenly they’re getting whacked by interest on their debt! One card can become…
Can’t get out of credit card debt? Here’s why
Some people treat credit cards like loans – a way to borrow now and sort things out later. But that isn’t the way credit cards should be used. Credit cards are short-term purchasing tools, designed for people who already have…
