Understanding Stamp Duty When you buy a property, there are extra costs beyond the purchase price. One of the biggest is stamp duty. Stamp duty is a government tax charged when you transfer property ownership. The amount you pay depends on the property’s value, location, and your personal circumstances. Many first-time buyers are surprised by … Continue reading Stamp Duty Explained: What It Is and How It Affects Your Property Purchase →

Understanding Loan-to-Value Ratio When you start looking into home loans, you may come across the term Loan-to-Value Ratio, or LVR. LVR is a percentage that shows how much of the property’s value you are borrowing compared to how much you are contributing as a deposit. For example, if a property is worth $500,000 and your … Continue reading What is a Loan-to-Value Ratio? →

Understanding What It Means to Refinance Refinance is a term that gets mentioned a lot when talking about home loans, but many homeowners don’t fully understand what it means. To refinance simply means replacing your current home loan with a new one, often with better terms. This could mean a lower interest rate, a different … Continue reading When Is the Best Time to Refinance Your Home Loan? →