You’re not alone if you’re keen to refinance but told you can’t? Many households are currently locked into their home loans due to rising interest rates. But some lenders have recently started to lower their serviceability thresholds. This can now help you potentially refinance. As interest rates have climbed, Australians have refinanced in unprecedented numbers.…
At the August 1st meeting the Reserve Bank of Australia (RBA) allowed home owners to breathe easier by pausing the official cash rate for the 2nd month in a row. The Reserve Bank of Australia has just announced a hold to the cash rate at 4.10% for the month of August, the third cash rate pause for…
At the July 4th meeting the Reserve Bank of Australia (RBA) decided to put the official cash rate on hold. So, is the end of this rate hike cycle finally in sight? The decision to keep the official cash rate at 4.10% will be welcomed by homeowners around the country after monthly repayments increased by…
The RBA has hiked the official cash rate for the 12th time since April 2022, increasing it to 4.10%. What’s the impact to your monthly repayments and will the increases keep coming? On 6th June the RBA again released another 25 basis point cash rate rise. The reprieve in April now appears false hope for…
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…
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…
On May 2nd the Reserve Bank of Australia (RBA) increased the official cash rate to 3.85%, going against most financial predictions. Is this the peak for home loan variable rates, and what does it mean for your mortgage? In what will undoubtedly be tough news for many households around the country, this latest rate hike…
Rising interest rates have created doom and gloom headlines for mortgage holders. But there is some good news. First Home Buyers are now reaching their 20% deposit goal faster. The 2023 Domain First Home Buyer Report has delivered good news for First Home Buyers. The report shows that first-home buyers aged between 25 to 34 are…
We all know that managing our money is important and that bad debt is well, bad. When applying for a home loan or personal loan there are common spending habits that may raise a red flag to lenders. Smart money management and cutting back on expenses can help your home loan application. That’s no secret.…
Interest rates and the cost of living are rising. This has led to a growing number of Australians struggling to manage their finances. The feeling of financial stress is real, but there are steps you can take to keep your head above water. Even in the best of times, managing your finances is hard. Every…