The Impact of Interest Rate Changes on Your Mortgage: What You Need to Know
How Interest Rate Rises Affect Your Mortgage Interest rates play a pivotal role in shaping the financial landscape for homeowners. As the Reserve Bank of Australia (RBA) recently increased the cash rate for the third time this year, it’s essential to understand how changes in rates impact your mortgage and what steps you can take […]
What is LVR and why is it important?
Banks need a buffer to safeguard their investments when they lend money to home buyers. That buffer is your home deposit. As a general rule, banks like borrowers to have a deposit worth 20% of the price of the property. This then means your Loan to Value Ratio (LVR) is 80%. If the bank […]
New Financial Year, New Lending Strategy: 5 smart moves to set yourself up right
The start of a new financial year is a clean slate. It’s when people set fresh goals, get on top of their finances, and tell themselves, this year will be different. But if you’re serious about building wealth, paying off debt faster, or growing a property portfolio, there’s one area you can’t afford to […]
Thinking About Borrowing Through a Trust?
Trusts. They sound like the domain of big-time moguls and corporate lawyers, but more and more Aussie investors are using them as a tool to grow and protect their property portfolios. The catch? Lending through a trust isn’t as simple as taking out a loan in your own name – and 2025’s lending landscape […]
Should I fix my rate?
A number of banks have begun to discount their fixed rate home loans. First NAB, then Westpac lowered their rates recently and each of the banks currently has at least one fixed loan offering that is cheaper than their variable rate mortgages. Paying even a small amount less each month will be tempting for […]
Double a rate cut with a refinance
Australians have become more engaged with their home loan deals over the last couple of years. They’ve had to, because the RBA has engaged in the steepest cash rate hiking cycle on record. Borrowers have watched as the official rate went from a historically low 0.1% to where it sits now at 4.35%. Over […]
When financing focus first on the end goal
A lot of people want to get into investing because they think “I should probably accumulate some wealth”. But apart from a loose idea that property performs well as an asset class, they really aren’t sure what they’re trying to achieve. You wouldn’t leave the house in the morning without first knowing where you […]
Cashback offers return for refinancers
When competition between banks was rife post-Covid, many were offering cashback loan deals for those who refinanced. Put simply, banks would ‘gift’ you between $2000 and $4000 if you switched from another bank and borrowed with them instead. But the deals dried up and were mostly gone from the market by the beginning of […]
Importance of loan approval times
Picture this, you’ve found the perfect property to invest or live in, it’s well within your budget, you have your finance pre-approved, so you go ahead and make an offer. The vendors accept and you are over the moon. You pay your initial contract deposit and then it’s a matter of waiting the 6 […]
Five ways to save on mortgage repayments
It feels like a lifetime. A mortgage, that is. And that’s what ‘mortgage’ actually means in latin… a ‘death pledge’. Basically either the debt, or you, dies first. To think that you’re stuck paying interest to a bank for 25 or 30 years…it’s depressing. More if you need to refinance to renovate or deal […]
