APPLY NOW Select Mortgages take a personalised approach to assessing your borrowing capacity. Other home loan calculators often overstate your true borrowing potential. You put in the numbers and magically, you can borrow $750,000 only to later discover, after making further inquiries, that you can only borrow $600,000. Lucky you didn’t put an offer […]
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Confused about home loan pre-approvals? Follow these four steps.
Ready to buy a property? You’ll need to show the seller you have enough money. For most people, this will mean getting a loan, and the first step to getting one is obtaining pre-approval for it. Pre-approval – also known as conditional approval or approval in principle – is an indication from a lender as […]
Fixed, variable, split – find the right fit for you
In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that works best for you. Variable rate loans Variable interest rate loans are all about flexibility. Essentially, […]
Smart tips for paying off your home loan sooner
Wondering how to pay off your home loan sooner? We look at some things you could do. Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps that can speed up loan […]
What you can borrow or what you should borrow
The amount you can borrow and the amount you should borrow are sometimes two very different things. Before you apply for a home loan, it makes sense to realistically assess your financial situation. Here’s how to do it. Understand your borrowing capacity Generally speaking, your borrowing capacity – what you can borrow – depends on […]
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