Star Homeloans

Are you interested in buying a property but don’t have enough funds for a deposit? You are not alone. However, using your super to buy a house could solve this problem. So, you know that you can buy a house by using your super, but the question arises: is it worth using your super to buy a property? It’s a hot topic for many homeowners or who are thinking of  using super to buy property . Let’s delve into this topic to know the benefits of using your super to buy a property. Blog link:  Is It Worth Buying Property with Super

You might have found your dream home and looking to apply for a home loan, isn’t it? However, before you get home loan, there could be various approval processes you have to go through. There will be conditional and   unconditional loan approval  that you must achieve first before getting a home loan. Getting your application approved without further documents requirements is an exciting step. It would be an unconditional approval, which means the lender has approved your home loan application and there is no other requirements. Now, let’s explore what exactly unconditional approval is and what steps are involved in getting unconditional approval. Blog link:   How Long Does It Take to Get Unconditional Approval

  Refinancing a home loan might seem like a daunting task for many people. However, it could bring many benefits to you if you refinance a home loan. Knowing when to refinance your home loan may depend on various factors. To know what refinancing is and why you need to refinance, continue reading this blog. What is Refinancing? Refinance a home loan involves paying your existing loan with a new one. Home loan refinancing may shorten your loan term and minimise repayments. Thus, you can make additional mortgage repayments and get home ownership soon. Blog link:  Should I Refinance My Home Loan

  How Much Deposit Do I Need to Buy a House See how much deposit you need to buy a House in 2024. Find out more about what you should consider if you’re thinking of buying a house.

Have you heard of Redraw but don’t know what it is? Many homeowners often overlook the concept of a redraw facility, yet it can offer numerous benefits. Once you are comfortable paying your mortgage, you would like to increase your repayments above the minimum amount. Not only could this help you pay your mortgage faster through minimising the interest charged over the lifespan of the loan, but it also means, you will be able to withdraw the extra funds when you need them. Blog link:  What Happens To Redraw When Loan is Paid Off?

  What is a Stamp Duty? Stamp duty is also called transfer duty, which is the tax that you are required to pay to the state and territory governments when you make certain transactions. These transactions include mortgage or lease applications and transference of properties, not solely real estate, but also businesses or shares. It is quite difficult to know what can and can’t be claimed on tax in the property market. When you purchase a property, there are various things that can be claimed on your tax return and many of the fees that come when applying for and buying a new property. It is common for property buyers to know whether or not this fee is tax deductible, or if there are any exemptions. Is Stamp Duty Tax Deductible? For all of those looking to get home ownership or become a property investor, stamp duty is not tax deductible as it is a capital expense, a once-off payment of property or buildings. You will have to make the full payment of stamp duty according to your sta...

  Is It Worth Paying a Mortgage Broker Is It Worth Paying a Mortgage Broker? Find out what mortgage brokers exactly do and how they can help you. Contact Star Home loans for more information.