Tag: Savings Plan

Home Loan Tip: How to increase your borrowing capacity

There is no doubt that Banks and other Lenders within the Australian home loan market  have tightened their lending standards over the last 12 months.  This tightening is having a significant impact on the borrowing capacity of many Australians looking to obtain a Home Loan.

However the good news is that with some focus and financial management you can still present a strong case on your borrowing capacity to the Banks.

The below provides some tips on how to maximise your borrowing capacity. Continue reading Home Loan Tip: How to increase your borrowing capacity

The Five Step Savings Plan for First Home Buyers

Getting into the property market and buying your first home can seem like an impossible task to many. Saving the deposit seems like a big ask, then you need to consider Stamp Duty and other purchase costs that just require even more savings!

Getting the deposit together takes discipline, but the rewards are great if you can manage your money effectively.

So what are the steps a future first home buyers should be doing to achieve their goal?

Continue reading The Five Step Savings Plan for First Home Buyers