AusFinance Blog

Fixed Mortgage Rates

A fixed interest rate home loan is a mortgage where the interest rate doesn’t fluctuate over time. This means that whatever happens in the market and to changes in the official interest rate, the borrower is still paying the same amount of interest as agreed in the original home loan. Making a choice between a fixed interest rate over a variable rate home loan can be tricky as both have their own advantages, disadvantages and

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Mortgage Application Rejected

Buying a home with a mortgage is a long-term partnership between you and your bank with respect to your current and projected financial situation. There are a number of banks offering innovative home loan products more and more regularly. It would therefore be easy to assume that getting a home loan approved wouldn’t be much trouble but in our experience at AusFinance, the tightening of lending regulation means that the potential for a home loan

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What is LMI

Lenders Mortgage Insurance (LMI) is an insurance policy that a borrower will likely have to pay for when they want to borrow a loan amount that is more than 80% of a property’s value. This is same in Sydney or Melbourne or in any part of Australia because LMI protects the lender in the case that the borrower cannot make their loan repayments and the total proceeds of an enforced sale of the property cannot

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