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Home Loans

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The money lending industry has become increasingly competitive and complex, especially when it comes to home loans. While this means we have more choice and beneficial innovations to take advantage of, it can also make choosing a mortgage a daunting task. The team at Kaboodle will walk you through all the factors you need to consider to make the right choice when shopping around for the best mortgage. The Basics: …

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If you already own a home outright or you’re comfortably paying off your existing first home mortgage, you might be considering purchasing an investment property. Unless you’re in the enviable position of being able to buy a property outright with existing capital, you’ll need an investment loan. We’ve put together this guide to help make the best decision when choosing between the mortgages on offer. First Tip: Look Beyond Interest …

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Are you thinking about purchasing your first home or an additional investment property? Maybe you want to refinance an existing home loan. In any case, you may be considering whether you should fix your home loan. With interest rates hitting record lows, the prospect of fixing their interest rates is appealing to many people paying off mortgages. However, there is a multitude of factors to consider and it is very …

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Buying a home is a major decision requiring research, planning and budgeting. One of the most important considerations before you find the right property is to get an understanding of your buying capacity. This involves figuring out how much you can borrow and ensuring you can balance mortgage repayments while having money aside for other aspects of life. The amount you can borrow to purchase a property varies with each …

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  In the last couple of years there has been many changes to SMSF (self managed super fund) lending. Lenders have decreased lending from 80% of the purchase price to 70% plus they have added liquidity rules and minimum superannuation balance amounts are now a mandatory requirement for most lenders. If you have purchased a property inside SMSF and the property is not yet complete, I encourage you to touch base with …

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In an effort to reduce the number of interest only loans, The Australian Prudential Regulation Authority (APRA), have capped the percentage of interest only loans allowed on a lenders loan book. As a result of the cap, lenders have increased the rates for all interest only loans for both investment and owner occupied securities. Principal and interest loans are now becoming the norm, as the interest rate difference is often the …

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Tim Gurner made waves earlier this month in his interview with 60 Minutes Australia in a segment about Australia’s housing affordability crisis. Mr Gurner copped backlash after suggesting young people spent too much money on travelling, coffees and smashed avocado. The young rich lister who made his fortune off the back of Australia’s capital city property boom told 60 Minutes “when I was buying my first home, I wasn’t buying smashed avocado …

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Just because you already have a mortgage doesn’t mean you have to see it through to the end. It’s never too late to refinance your home if you find a better deal. You could end up saving thousands of dollars in interest over the course of your home loan period, but only if you carefully assess the costs involved in switching to make sure you aren’t incurring unnecessary fees. If …

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Australians have broad attitudes when it comes to debt. Some enjoy living from moment to moment, funding spectacular lives through credit cards. Meanwhile, others utterly fear debt and will strive to avoid all possibility of it. Since Australian households are the most indebted among the world’s rich countries, running at an average of 1.9 times their income, it’s important to have a good understanding of debt. While it’s possible to …

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Applying for a home loan and not sure what documents you need to have ready for your first appointment ? Check out the info-graphic below to help you get prepared.