Blog
Does the cash rate impact car and personal loans?
The Reserve Bank of Australia (RBA) today announced the cash rate will move by .25 percentage points to 3.85%. This follows the release of inflationary data last week that showed annual inflation had cooled slightly in the March quarter (7%) compared to the December...
Fixed mortgage ending soon? How to prepare for rising repayments as interest rates climb
The official cash rate has gone up eight times this year, but it hasn't increased Brad and Vicky’s mortgage repayments at all. Like many borrowers, they locked in an ultra-low fixed rate 2 years ago on their $600,000 mortgage. However, they are worried about how they...
BROKER OF THE YEAR 2023
“Pinch me I’m dreaming” was a line used by one of our newest and very happy approved first home buyers recently… and this is exactly how we felt last night when we attended the annual Better Business Awards in Brisbane and Go Mortgage won Best Regional Office and...
Home building costs soar due to labour costs and supply problems
Residential construction costs have increased at a record annual rate, according to the CoreLogic Cordell Construction Cost Index. Home building costs in the September quarter were 11.0% higher than the year before. That was a sharp increase on the 10.0% increase in...
When is a good time to refinance your home loan?
Many homeowners set up their home loan repayments to automatically be debited from their account – knowing they are slowly chipping away at their debt without needing to put much further thought to it. But when is a good time to refinance your home loan? However, this...
6 tips to save money as cash rate rises again
The Reserve Bank of Australia (RBA) today increased the cash rate for the seventh month in a row. The cash rate increased from 2.6% to (2.85%?). Australians are feeling the pinch as interest rates rise across the board. Whether paying off a mortgage or saving to...
The ins and outs of pre-approvals
Getting pre-approval for your home loan can give you an understanding of your borrowing power and confidence your lender is satisfied with your preliminary application. It means it is time to get out there to find your home. To help you on your way, here is a quick...
Putting your best foot forward when bidding
Whether you are just beginning your property-purchase journey, or adding to your portfolio, a common stressor is determining how much to offer and how to put your best foot forward when there is competition. As we arguably enter a slightly better buyers’ market than...
Shock expected for fixed-rate borrowers
Data just released shows a large number of Australian home owners are facing a significant increase to interest rates when their fixed-rate term ends. Investment bank Morgan Stanley estimated that the big four banks have originated more than $550 billion of fixed-rate...
When is a good time to refinance my home loan?
Many homeowners set up their home loan repayments to automatically be debited from their account - knowing they are slowly chipping away at their debt without needing to put much further thought to it. However, this set-and-forget mentality could actually cost you...
Rate lock: how does it work?
You’ve found the property. Your broker has helped you find the right loan with a competitive interest rate and all the features you want. You’ve completed the application and now you’re waiting for settlement. As the day comes you look through the paperwork but that...
How can I get a better rate on my Home or Investment Loan?
As home loan rates increase for the first time in many years, you may be wondering "how can I get a better rate on my home or investment loan?" The answer may be as simple as picking up the phone... Are you in a position to haggle? Before you try to nab a lower home...