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Deciding which home loan will be the best option can be very difficult. This is even more important in an interest rate-dropping cycle. At RFS, we predict some lenders may try and buy market share and offer cheaper 2, 3-year fixed-rate loans in the near future. Should we take up one of these or stay variable, or should we split out loan part variable and part fixed? Depending on your circumstances, splitting your home loan can enable you to get the best of both worlds.

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Loans written to investors outpaced those to first home buyer owner-occupier loans during the September quarter of 2024.

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People First have great policies for essential services professionals. Loan amount up to $1.2m per security. They don't do Mortgage insured (MI) loans which means most lending is restricted to 80%. However for emergency services staff they offer loans up to 90% LVR on established Properties witgh no MI. This includes Owner Occupied & Investment - purchase or refinance, <3 Investment Properties when an investment is used as security, Principal and Interest repayments, Fixed or Variable rates; <80% LVR rates for >$500k lending.

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Parents' Guarantees to Help Children Buy a Home in Australia breaking into the housing market can be hard for first-time buyers. This is even tougher given the recent strong values of real estate. Many young people are finding it challenging to save enough for a deposit at the same time as paying higher rents. To minimise costs lenders prefer a deposit of 20% of the properties value. To help their children get onto the property ladder, many parents (Bank of Mum and Dad) are signing up to assist by way of a guarantee. We look at what this looks like.

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There are 3:- Pre-approvals, Construction, Off the Plan purchases:-

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