Insights
Welcome to the Ello Lending Co mortgage insights section! Here you will find valuable information and resources on the mortgage and related industries. From market news and trends to expert advice and success stories, we strive to provide valuable information to help you navigate the mortgage process and keep you informed. Whether you're a first-time home buyer looking to understand the process, or a seasoned homeowner looking to refinance, you're in the right place. Stay informed and make informed decisions by subscribing to our blog. Thanks for visiting!
GST on New Residential Premises 5 Year Rule Explained
The GST New Residential Premises 5 Year Rule can be confusing for many Australian homeowners and mortgage holders. This rule, which was introduced in 2018, affects the way in which GST is applied to new residential premises and it is important to understand the implications of this rule before taking out a mortgage. In this blog post, we will explain the GST New Residential Premises 5 Year Rule in detail, including how it affects the Australian mortgage market. We will also discuss the implications for home buyers and mortgage holders, so that you can make an informed decision when it comes to your mortgage.
House and Land Packages 101: How They Work
When it comes to purchasing property in Australia, house and land packages are becoming increasingly popular. With house and land packages, you can purchase a block of land and a home to be built on it, all in one go. In this blog post, we'll look at what house and land packages are, how they work, and how to find the right one for you. We'll also discuss the benefits of house and land packages, including the ability to customize the home and the opportunity to save money on stamp duty. By the end of this post, you'll have a better understanding of the Australian mortgage market and how house and land packages can help you purchase the home of your dreams.
Why Use a Finance Broker for Your Home Loan Needs?
Are you considering buying a home in Australia? With the Australian mortgage market increasingly competitive and complex, it can be difficult to navigate the different loan types, interest rates and lenders. That’s why more and more people are turning to finance brokers to help them find the best loan for their needs. In this blog post, we’ll discuss why using a finance broker for your home loan needs can be beneficial. We’ll discuss the advantages of using a broker, and provide some advice on finding the right one. So, if you’re looking for guidance and expert advice on your home loan, keep reading to find out why a finance broker is the right choice.
Can A Spouse Be Removed From A Mortgage Without Refinancing
In Australia, it is possible for a spouse to be removed from a mortgage without refinancing, but it can be a complex process. It is important to understand the specific laws and regulations of the state or territory in which the mortgage is located, as well as the individual lender's policies. In most cases, the remaining spouse will need to demonstrate the ability to cover the mortgage payments on their own, as well as other potential costs associated with removing the spouse from the mortgage. This article will discuss the process of removing a spouse from a mortgage in Australia, as well as the potential risks and benefits.
Can Refinancing Save You Money?
If you are a homeowner in Australia, you may have heard of refinancing as a way to save money on your mortgage. Refinancing is when you switch your mortgage from one lender to another, and it can be a great way to save money on your mortgage payments. In this blog post, we will discuss how refinancing can save you money in the Australian mortgage market, including the pros and cons of refinancing, how to get the best rates, and more. So if you’re looking to save money on your mortgage, read on to find out if refinancing is the right choice for you.
Can You Buy Off the Plan with SMSF? A Detailed Guide
The Australian mortgage market has seen explosive growth in recent years, with an increasing number of people choosing to invest in property through Self-Managed Super Funds (SMSF). But can you buy off the plan with SMSF? In this blog post, we will provide a detailed guide to the process, including the pros and cons of buying off the plan with SMSF, the eligibility requirements, and the steps involved. So if you're considering buying off the plan with your SMSF, read on for all the information you need.
Decoding LVR: What it Means for Homebuyers
Understanding the mortgage market can be daunting, especially for first-time homebuyers. One term that you may come across is LVR, which stands for Loan to Value Ratio. Knowing what this means and how it affects your borrowing power can help you make smarter decisions when it comes to buying property. In this blog post, we'll discuss what LVR is, how it's calculated, and what it means for homebuyers. We'll also explore the various strategies you can use to help increase your Loan to Value Ratio and improve your borrowing power. So read on to learn more about decoding the Australian mortgage market.
Determining Your Borrowing Power: What You Need to Know
When it comes to borrowing power in the Australian mortgage market, it can be difficult to know where to start. With so many different banks, lenders, and products available, it can be hard to work out what you can afford and what you need to do to be approved. In this blog post, we'll explain the basics of determining your borrowing power and what you need to know before applying for a loan. We'll cover topics such as credit scores, debt-to-income ratio, and the importance of saving for a deposit. So, if you're looking to get a loan and want to make sure you're in the best position to get approved, read on.
Do I Have To Pay Mortgage After Divorce?
When it comes to the Australian mortgage market after divorce, it's important to know your rights and obligations. In most cases, the spouse who is not named on the mortgage will not be responsible for paying the mortgage after the divorce. However, in some cases, the court may order the non-titled spouse to pay the mortgage or a portion of it. In this blog post, we'll discuss the details of how the mortgage is handled after a divorce in Australia, so you can make informed decisions about your finances.
Do I Have To Refinance My Mortgage After Divorce?
Divorce can be a difficult process, but one of the most important decisions that you have to face during the process is whether or not you should refinance your mortgage after the split. This decision can be complex as there are a lot of factors to consider and the process can be complicated. In this blog post, we will be discussing the implications of refinancing your mortgage in the Australian mortgage market, as well as the advantages and disadvantages of doing so. We will also be looking at the different options available to you and the different factors that you should take into account when deciding whether or not to refinance.
Do You Have to Pay to See an Independent Mortgage Advisor? The Answer may Surprise You
Are you considering a mortgage for your next move but are unsure whether you need to pay to consult an independent mortgage advisor? Well, the answer may surprise you! In this blog post, we will explore the current Australian mortgage market and answer the question of whether or not you need to pay to consult an independent mortgage advisor. We will also outline the benefits of working with an independent mortgage advisor, as well as the potential drawbacks. Finally, we will provide a few tips on choosing the right independent mortgage advisor for your needs. So stay tuned for all the details!
Do You Have To Refinance A Mortgage After Divorce
Divorce can be an emotionally and financially devastating experience, and it can be especially difficult when it comes to dealing with mortgages and other assets that may have been accumulated during the marriage. The Australian mortgage market has specific laws and regulations that can make it difficult to know if you need to refinance a mortgage after divorce. In this blog post, we will discuss the various options available to those in the process of a divorce, and how to decide if refinancing a mortgage is the right choice.
Do You Pay GST on Settlement Payments?
In the Australian mortgage market, the question of whether GST applies to settlement payments is a common one. It’s a complex issue and one that can be confusing for borrowers, especially when dealing with the large sum of money involved in a mortgage settlement. In this blog post, we’ll explore the different aspects of GST related to settlement payments, including when GST is applicable and how to manage any GST associated with settlement payments. We’ll also look at relevant case studies to help illustrate the points.
Do You Pay Stamp Duty When Buying Off-the-Plan in Victoria? A Detailed Analysis
Buying a property off-the-plan in Victoria can be a great way to get into the property market, but with it comes plenty of questions, such as: do you pay stamp duty when buying off-the-plan in Victoria? In this blog post, we look at the rules and regulations of stamp duty in Victoria, and provide a detailed analysis of the costs associated with buying off-the-plan in this state. We explore what stamp duty is, when it needs to be paid, and what exemptions and concessions may be applicable. We also consider the potential benefits and pitfalls of buying off-the-plan in Victoria, and how this can affect your stamp duty costs. Read on to get the full picture.
Does Refinancing Cost Money?
If you’re considering refinancing your mortgage in Australia, you’re likely wondering if it costs money. The answer is yes; refinancing does have associated costs, but it could be worth it if done correctly. In this blog post, we’ll explore what costs are involved when refinancing in Australia, and how you can make refinancing work for you.