News/Blog - Engaged Finance

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Disadvantages of Guarantor Loans

30 April 2024

Guarantor loans can be an attractive option for borrowers with limited savings, but it’s crucial to understand the potential downsides. In this blog post, we’ll explore the disadvantages of guarantor loans in Australia. Risk to Guarantor’s Property: The guarantor becomes liable for the loan, putting their property at risk if

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How to Avoid LMI When Buying a House

23 April 2024

Lender’s Mortgage Insurance (LMI) can add significant costs to your home loan. To help you avoid this expense, we will explore strategies for buying a house in Australia without requiring LMI. Save for a Larger Deposit: Aim for a deposit of at least 20% to eliminate the need for LMI.

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7 Ways a Mortgage Broker Saves You Time and Money

16 April 2024

A mortgage broker can be a valuable ally when it comes to securing a mortgage. They have the expertise and connections to streamline the process and potentially save you both time and money. In this blog post, we will explore seven ways a mortgage broker can assist Australian borrowers in

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Buying an Investment as Your First Property

9 April 2024

Investing in real estate is a smart way to grow your wealth, and buying an investment property as your first home offers several advantages for Australian investors. In this blog post, we will explore the benefits of this strategy and provide tips for making an informed decision. Building Wealth: Purchasing

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