Home Loans

Find out about property finance matters.

Fbt hobart

Get into your first home sooner with a parental guarantee!

Buying a house is likely the biggest investment you will ever make. Over the last three years, Tasmania has seen record rises in real estate prices meaning saving for a deposit to get your start in the property market is no small task. Recently released statistics show that almost 60% of first home buyers rely on help from the 'bank of mum and dad' when buying their first home.

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Finance Brokers Tasmania Jake Birtwhistle10

Refinancing to Make The Most from the Equity in Your Home

Refinancing your home loan could be a value saving option if you're looking to access additional funds. With housing prices rising so dramatically over the last couple of years, existing homeowners have the opportunity to access the equity in their home to spend on things like home improvements, debt consolidation, buying a new car or another large ticket item such as a caravan or motorbike. You could even help your child break into the housing market!

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Finance Brokers Tasmania Gary Watson

Is a Reverse Mortgage a Good Idea to Help in Retirement

A reverse mortgage is similar to a home loan but without the need to make regular payments. It gives people living on a pension or fixed income the ability to draw on part of the equity in their home; enabling them to live more comfortably.

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Finance Brokers Tasmania selling a house Hobart

Preparing for Interest Rate Hikes!

When you consider a ‘hike’, what is the first thing that springs to mind? A walk through the bush or a sharp rise? The RBA lifted the official cash rate by 25 points to .35 percent last week – the first rise in 11 years. While we understand that a rate rise is never a good thing, interest rates are still at historic lows and we wonder if the use of the word ‘hike’ is a necessary one!

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Finance Brokers Tasmania Lance Cure Gary Casboult

How a SMSF Can Set You Up For Retirement

Self-managed super funds (SMSF) are a different way of saving for retirement. A SMSF gives flexibility and control over where your retirement funds are invested, including the opportunity to invest in residential and commercial property.

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Finance Brokers Tasmania - fixed interest rates

Government Grants - A budget Update 2022/23

If you missed the 2022-23 budget announcements this week, you may have missed the incentives announced for home buyers. While most are not new, the government have increased the number of spaces available for eligible home buyers through their Home Guarantee Scheme.

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FBT Hobart Bec and Dini

The Advantages of Applying for Pre-Approval

Commonly, people start their property search by attending open homes, talking to agents, making offers, applying for their loan and then waiting for approval… but this doesn’t have to be the case. Applying and being accepted for a loan can be your first step, and while not essential, it is great way to ensure you don't miss out!

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Finance Brokers Tasmania Rebecca Cooper

Tasmanian Stamp Duty Explained!

We've all had to pay more than we expect. Maybe it's the extra 50 cents for a sauce sachet with your pie, or a $1 additional shot in your morning latte.

Buying a property is no different. You'll have to pay a little extra on top of the purchasing price. The official term is call stamp duty.

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Finance-Brokers-Tasmania-credit-score

Be worthy! (Creditworthy, that is.)

Be aware that every forgotten electricity bill, loan repayment, and credit card application is being tracked… But you can put away your tin foil hat! You’re being assessed for your credit score.

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Finance Brokers Tasmania Hobart Team 10

The loan process equation (or, how much can I borrow?)

When applying for a loan, you’ll hear terms such as “borrowing power”, “borrowing capacity”, and “assessment rate”. But how do they relate? What do they mean? We’ll break it down for you in a simple equation.

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Finance Brokers Tasmania Loan calculators

Loan calculators

During your research into your financial situation, you may have clicked on our calculator section – and been overwhelmed with the number of different types available! What do they all mean and what are they used for?!

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Finance Brokers Tasmania Lance and Jake meeting

Offset and redraw explained

When looking for a home loan, a low interest rate isn’t the only thing you need to consider. It’s also important to look into your options to set up redraw and offset accounts.

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