Daily Archives: May 9, 2023

What is the fixed rate cliff and how can refinancing help?

You’ve probably heard the term “fixed-rate cliff” in the news lately. But what is it? And if you’re heading toward it, how can you control your landing? A staggering 880,000 fixed-rate loans are set to end this year, and when they do, many Australian households will be facing significantly higher mortgage repayments. That’s because the variable…

Tips to help you stay on top when home loan rates are rising

With the Reserve Bank of Australia (RBA) again rising official interest rates in May you’re probably bracing for the impending rise in your mortgage repayments. Here’s how to stay on top of your mortgage and feel financially secure. Let’s face it, the RBA’s rate rise cycle hasn’t been easy for mortgage holders, with average monthly…