Home loans are essential financial products for most Australians. When choosing a home loan, borrowers often face several options and a lot of numbers. Two main terms appear repeatedly in advertising and information: the “Advertised Rate” and the “Comparison Rate.” Understanding these can save borrowers money and ensure they get the right loan. Here, we […]
Tag Archives: fixed rate
12
Aug
Aug
Choosing the right home loan is one of the most significant decisions you’ll make. With so many loan options available, it can be overwhelming, especially for first-time buyers. However, asking the right questions can simplify the process and help you make informed decisions. This guide presents ten essential questions to ask your home loan lender. […]
01
Jul
Jul
Refinancing a home loan can be a smart financial move. It can save money, lower monthly payments, and help achieve other financial goals. However, it is important to know how often to refinance. Refinancing too often might not be beneficial. Let’s explore this topic in detail. Understanding Home Loan Refinancing Firstly, it is important […]
08
Apr
Apr
Purchasing a home is a significant life event. For most Australians, it’s only possible with the help of a home loan. However, this process can be overwhelming and confusing, especially when there are so many home loan myths. In this article, we aim to clarify these misconceptions and provide accurate information, separating fact from fiction. […]
07
Nov
Nov
In a world where economic stability often hangs in the balance, homeowners must remain vigilant and adaptable to changing financial landscapes. One such shift that can have a significant impact on homeowners is an increase in the official cash rate by the Reserve Bank of Australia (RBA). On Tuesday 7th November 2023, the Board decided […]
Blog, Help Guides
Exploring The Pros and Cons of Fixed Home Loan Rates: What You Need to Know in Today’s Market
22
May
May
In the current market, homebuyers are carefully weighing their home loan options as interest rates have seen a steady increase over the last 12 months. Among these options, borrowers are faced with choosing between fixed and variable home loan rates. While each type of loan has its own set of advantages and disadvantages, fixed home […]
03
Apr
Apr
Inflation has been a significant concern for many economies around the world recently, and its effects are becoming increasingly evident. One of the most significant consequences of rising inflation is the impact it has on interest rates. As inflation rises, interest rates tend to increase as well, making it more challenging to borrow money to […]
10
Oct
Oct
One of the hardest decisions an Australian home buyer has to make isn’t just which property to bid on, or which area to buy in, but the choice between a variable interest rate home loan and a fixed interest rate home loan. The amount of interest charged on your mortgage is one of the most […]
25
Jul
Jul
Home loan interest rates are on the rise again. Homeowners and first home buyers may be wondering if now is the right time to fix their interest rate, or if a variable rate loan may be a better fit in 2022? Whether your fixed rate period is coming to an end and you’re unsure whether […]
06
Apr
Apr
Considering purchasing property or currently repaying a mortgage? You need to know how the latest Federal Budget for 2022-23 will impact you. The Federal Government has released their 2022-23 Budget ahead of the next federal election, with home buyers coming out on top thanks to new schemes and increased placements. However, homeowners and would-be buyers […]
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