It makes sense to minimise home buying expenses but it’s also smart to avoid paying more for your property than necessary. In a rising market, lenders mortgage insurance can help buyers with a small deposit purchase a home before values climb higher.
Helping you understand what’s available and how it can help
Nobody likes to think about worst-case scenarios and, let’s face it; insurance isn’t the sexiest of topics. It can feel like you’re constantly paying out all this money to insure your life, your health and all your worldly belongings without ever getting anything back.
Each Sunday John Symond answers one of your questions – this Sunday we’re looking at different measures you can take to help protect your mortgage and manage repayments if you find yourself unable to work.
Cui bono? This little piece of Latin actually asks “Who benefits?” and in the world of insurance the answer will probably surprise you.
LMI and MPI are two types of home loan insurance that are necessary for home buyers, but for very different reasons.
Like any industry, real estate has its own particular brand of jargon which is useful to know when you embark on a first home buying journey.
While increasing competition in the home loan market may have been its aim, the Federal Government’s decision to ban exit fees may have the opposite effect.
For most people, the world of insurance can seem fairly dull. We insure our homes in case there is a fire or it is burgled. We insure our cars just in case we are in an accident, and we insure ourselves in case of sickness or death.