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 […]
Tag Archives: offset account
Talk of a cash rate hike from economists resulting in higher mortgage repayments may have borrowers wondering what they can do today to prepare their household budgets. On Friday, Reserve Bank of Australia (RBA) Governor, Philip Lowe, said that it was “plausible” the official cash rate, which has sat at an historic low of 0.10% […]
Homeowners may have noticed there has been growing discussion that housing prices may fall next year, following a predicted Reserve Bank of Australia-led interest rate hike in 2022. But what could a fall in property prices mean for you? The cash rate has sat at a record low of 0.10% since November 2020. While RBA […]
If you’re on the hunt for your first home loan, or you’re considering refinancing in 2022, you may be looking to add helpful features to your mortgage. There are several home loan features popular amongst Australian homeowners, including the ability to make extra repayments, a redraw facility or an offset account. But when it comes […]
The new year is the perfect time to rest, reset and make goals for 2022, but many Australian homeowners may not think about making financial goals and resolutions. Just as you might set out to create workout objectives or start a new job, it can also be worthwhile to make new year’s resolutions for your […]
If you’re a homeowner paying off a mortgage, chances are you’ve been enjoying the current record-low interest rate environment. But when it comes to the home loan market, what goes down must eventually go up again. Borrowers may be asking themselves when they can expect a cash rate increase, and what options do […]
Times are challenging for first home buyers, particularly those in capital cities like Sydney or Melbourne. That’s why it’s essential they arm themselves with the best tools to give themselves a fighting chance and succeed in nabbing a home loan. Whether you’re wondering how you’ll ever get a foot on the property market, you’ve saved […]
Your mortgage is arguably the biggest debt and ongoing bill you will have in your life, so it’s understandable you’d want to try and pay it down as soon as you can. But just how can borrowers shave years off of their home loans without being hit by barriers, like fees? Let’s dive into how […]
Whether you’re a first home buyer or a refinancer, choosing a mortgage with features can help you to unlock your home loan’s potential. Oftentimes, first home buyers can find themselves gravitating towards “no-frills” home loan options. This helps to keep repayment costs down in those early years of having a mortgage. Home loans with greater […]
For many of us, home loans tend to be a set-and-forget part of our finances. So what do we do if interest rates get a hike out of the blue? Repayments increase, and disposable income or savings take a hit. Any lender can choose to change their rates at any time for any reason. The […]
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