Things to Consider before Buying an investment property.
Whether you’re looking to generate passive income through rental payments or aiming for future gains through property appreciation, investing in real estate can be a lucrative endeavour. However, it’s essential to approach this decision strategically and make informed choices to ensure the best returns on your investment. At Loanfi Finance and Mortgage, we understand the […]
Making Informed Choices: Mortgage Broker vs. Bank for Your Home Loan.
When it comes to securing a home loan, making the right choice between working with a mortgage broker or directly with a bank can significantly impact your financial journey. Both options offer distinct advantages and considerations, and understanding the differences between them is crucial for making informed decisions. In this comprehensive guide, we’ll explore the […]
Understanding Loan to Value Ratio (LVR) and Lenders Mortgage Insurance (LMI)
Loan to Value Ratio (LVR) The Loan to Value Ratio (LVR) is a key metric used by lenders to assess the risk associated with your home loan. It represents the percentage of the property’s value that you’re borrowing. A higher deposit results in a lower LVR, indicating lower risk for the lender. To calculate your […]
Navigating the Ongoing Costs of Homeownership
Owning a home is a monumental achievement, but it also comes with a set of ongoing expenses that are essential to consider in your financial planning. From property rates to maintenance and everything in between, understanding these costs is crucial for ensuring a stable and sustainable homeownership experience. Understanding the Ongoing Costs Home Insurance: Home […]
Understanding Genuine Savings.
What is Genuine Savings? Genuine Savings refer to funds that you have saved over time, demonstrating your ability to manage finances and save for a home loan deposit. These savings should be held in your account for a minimum period, typically three to six months, to be considered genuine by lenders. Types of Genuine Savings […]