Rebecca Mitchell

Mpowered Finance

Marsden Park NSW

English

5 posts

Rebecca MitchellMpowered Finance

Can I get a home loan if I'm on maternity leave?

Securing a home loan while on maternity leave is indeed possible, though it does come with its unique set of challenges and considerations. Lenders primarily look for stability in income and employment as part of their approval process, so being on maternity... more

Rebecca MitchellMpowered Finance

Can I get a home loan if I am on a temporary visa?

Certainly! Getting a home loan on a temporary visa in Australia is possible, though it comes with its own set of challenges and requirements. The key factors that lenders consider include the type of visa you have, your employment status, and your financial... more

Rebecca MitchellMpowered Finance

What is the role of a mortgage broker, and should I use one?

A mortgage broker acts as an intermediary between you and potential lenders. The primary role of a mortgage broker is to work on your behalf to find the best mortgage loans that fit your needs, considering your financial situation and goals. They have access... more

Rebecca MitchellMpowered Finance

How much of a deposit do I need for a home loan?

You may only need as little as 3% deposit depending on your personal circumstances.

Rebecca MitchellMpowered Finance

Can I make additional repayments on my home loan, and will this reduce the interest charged?

Yes, you can make additional repayments on most home loans, and doing so can significantly reduce the interest charged over the life of the loan. By paying more than the minimum required amount, you decrease the principal balance faster, which in turn reduces... more