#mortgages

#mortgages

First-time buyer mortgage drawdowns in 2022 surpassed the peak levels of 2007, signaling a strong return to the housing market.

Assumable mortgages present an opportunity for homebuyers to secure lower interest rates in a high-rate mortgage landscape.

Bankruptcy can be a fresh start, but significantly impacts future mortgage eligibility and homeownership.

Be aware of hidden costs eroding your dream home budget.

Opt for fixed-rate mortgages to avoid unexpected interest hikes.

Remove PMI by achieving 20% equity in your home.

Challenge property tax assessments to prevent financial surprises.

Refinancing to a 15-year mortgage can lower interest costs and benefit homeowners with current high rates.

Many Australians are taking out loans on homes they may never fully pay off, impacting their retirement and changing the dynamics of home ownership.

Mortgage approvals for home buyers have surged due to a drop in mortgage rates, providing relief for first-time buyers and those with smaller deposits.

Tracker mortgage holders benefit from ECB interest rate reduction, leading to lower monthly repayments.