Perth Mortgage Broker Group

Australian Government 5% Deposit Scheme
Hi
I hope you are having a great day 🙂 In todays article I will look at the Australian Government 5% deposit scheme. This is a government scheme where an eligible first home buyer, or a person who hasn't owned a property in Australia might be eligible to purchase a property in Perth for up to $850,000 with a 5% deposit, plus the fees, and not pay a mortgage insurance fee. The federal government will guarantee your home loan.
The weblink to the article -
https://perthmortgagebrokergroup.com.au/index.php/first-home-buyers-perth/australian-government-5-percent-deposit-scheme

If you have any questions at all, please let me know.
Thank you 🙂

Can A Home Loan have Multiple Offset Accounts?

This is a question I get asked frequently, can I have more than one offset account with my home loan?

The answer is yes, some banks do offer the facility to have multiple offset accounts linked to a variable rate home loan. Not all banks and lenders offer a variable rate home loan with ability to have multiple offset accounts, but there are some banks that do.

With the ability to have multiple offset accounts, if you are a person that likes to keep there savings separated, it does give you the ability to have different offset accounts, for any purpose you may like, for example, a holiday account, bill account, anything you would like. All the offset accounts will offset against a variable rate home loan, saving you interest charged with your home loan.

The fees for multiple offset accounts vary between the banks. Some banks have an annual fee, of between $248 and $395, which allows you to have up to nine offset accounts. There are some banks which may charge $10 a month for each offset account.

So in short, yes, some banks so allow for multiple offset accounts.

The weblink to the article -

https://perthmortgagebrokergroup.com.au/index.php/perth-mortgage-broker-group-blog/home-loan-features-and-fees-blogs/can-a-home-loan-have-multiple-offset-accounts

If you have any questions at all, please let me know.

I hope you have a great day :)

What Are The Costs If Refinancing Your Home Loan?

In Today's article, I will look at the approximate costs to refinance your home loan. This is something to consider, when looking other banks interest rates, and the cost involved in moving banks, if they are offering better interest rates. The weblink to the article -

https://perthmortgagebrokergroup.com.au/index.php/perth-mortgage-broker-group-blog/home-loan-features-and-fees-blogs/what-are-the-costs-if-refinancing-your-home-loan

If you have any questions at all, please let me know.

Thank you, I hope you have a great day :)