Different loan types
Finding the right home loan is as important as finding the right property. There are literally hundreds of home loans available, with new products emerging all the time. An AFG broker can help you find a loan that suits your particular needs, help you complete the paperwork, professionally package it with your supporting documents and […]
Guide to home loans
Variable Variable rate loans often provide additional flexibility and are the most popular type of home loan in Australia. As the name suggests the interest rate is variable and therefore fluctuates with the Reserve Bank of Australia’s movement and the cost of the financial institution sourcing funds to lend. Variable rates are generally broken into […]
Reviewing your finances?
Many people refinance their homes or investment properties to reduce their monthly home loan repayments. What other aspects of your finances can you review to help save money? 1. Review the frequency of your home loan repayments If you are paid weekly or fortnightly, see if you can change the frequency of your home loan […]
Refinancing your home loan
As time marches on, situations change. Perhaps you’ve changed jobs? Or there’s a new addition to the family? Maybe you would just like a better rate? Maybe it’s the advent of school fees, or perhaps the kids have flown the coop? Or maybe that leaking shower or tired kitchen has just reached the end of […]
Should I refinance?
My lender is charging me a higher home loan rate than I see advertised elsewhere. Can I change lenders? This is exactly the reason why most people change lenders. There may be a penalty clause in your current home loan, meaning you may need to pay a discharge fee, but it could still be in […]
Typical loan features
One size doesn’t fit all when it comes to home loans. Make sure you choose a loan with the features and benefits that are right for you. An AFG broker can recommend a loan for your particular needs – and take care of all the paperwork. When you’re ready, talk you your broker to discuss […]
Why use an AFG Broker?
Having an AFG broker negotiate finance on your behalf if the smart way to go as they look to save you time, stress, and money. When should I see a broker and what can I expect? You can see an AFG broker at any stage in your financial journey. You might still be saving for […]
The smart money is on you
By world standards, Australia is a wealthy nation. We have a strong economy with high employment and a far rosier outlook than most developed countries. And yet almost half (47 per cent) of us are anxious about our finances, according to research by the Boston Consulting Group. Finance guru Paul Clitheroe reckons most Australians want […]
How to have an incredible shrinking mortgage
Consider this: 30 years ago it cost about 3.5 times the average annual salary to buy an average priced Australian home – today, it costs around 7.5 times our yearly earnings 1. With the average new home loan nudging $444,0002, it’s more important than ever to look at strategies to shrink your mortgage and work towards […]
Fixing for the future – making the most out of a fixed rate
One in five Australians taking out a home loan is now opting to fix their interest rate, according to a recent AFG Mortgage Index. Not only are fixed rates proving popular in the midst of global economic uncertainty, many borrowers are cashing in on unprecedented, increased competition around fixed rate loans. Traditionally, lenders have set […]
