ARTICLES
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...