Star Homeloans

When home buyers take out a home loan, they have two options: wait until they have saved a deposit of 20% or sign on a mortgage with less down payment. If you choose the second option, in many cases, you will need to pay lenders mortgage insurance (LMI) before getting a mortgage finance. What is lenders mortgage insurance (LMI)? Lenders mortgage insurance protects the mortgage lender against losses they may incur if the borrower can’t repay the loan amount. While LMI only protects the lender, the cost is passed on to borrowers who are not able to meet deposit requirements. Some lenders may waive LMI if a borrower has a 15% deposit or if they belong to a profession that is eligible for an LMI waiver. LMI should not be mistaken with mortgage protection insurance (MPI). Mortgage protection insurance protects the borrower if they can’t repay their home loan for certain reasons such as injury, unemployment, accident or death. Is LMI tax-deductible? If the property you are looking to buy is ...

How a mortgage broker in Melbourne can help you find the best home loan. Get expert advice, competitive rates with Star Homeloans. Blog link:  Mortgage Broker in Melbourne

Can You Use Your Super To Buy An Investment Property? Discover how to leverage your SMSF for property investment with Star Homeloans. What is a Self-Managed Super Fund? You will need a self-managed super fund if you want to invest in property using your super. Unlike regular super funds, SMSFs provide you with more control over your investments. However, great control brings more responsibilities. To set up an SMSF, you have to take on responsibilities as a trustee of your fund. The investment flexibility can be achieved by an  SMSF property loan . Can You Use Your Super to Purchase a Property? With legislative changes in recent years, there have been different ways used by people to invest in a property through super and many people are now finding out the possibility of using SMSF to buy a property. This method brings numerous benefits. Investing in a property using super can offer various tax benefits. You can buy the same types of property in an SMSF that you can own in your ow...