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With interest rates at all time low’s, you may be thinking now is a good time to fix your home loan, lock in a low interest rate and protect yourself against any future interest rate rises. If you do fix your home loan one thing to remember is that most lenders will restrict the amount […]

Since 14 December 2017, The Royal Commission into misconduct in the banking, superannuation and financial services industry has brought about sweeping changes when applying for a home loan. In essence the government has an initiated an investigation into how reputable banks and financials services providers have been operating. As a result of this investigation there […]

1. Rich Dad, poor dad I read this book in my early twenties and certainly challenged my thinking about money. It introduces a great concept of building passive income, and how to generate income without having to work a job everyday. Think earning money while you sleep. The author Robert Kiyosaki is also a big […]

The RBA continues to leave interest rate on unchanged Interbank lending rates, the interest rate that applies when banks lend to each other, continues to increase. Australia’s banks rely heavily on people depositing their savings with them. These funds are used to fund mortgages and other loans. However, deposits alone are not enough and banks […]

It’s important for you to remember as time goes by, banks change the interest rates they offer. Therefore it makes sense that you would need to review your home loan interest rate regularly. We find that the right time to review your home loan is every 12 months. We do this on behalf of our […]

  With APRA (Australian Prudential Regulatory Authority) continuing to place more pressure on banks to improve their lending standards, mortgage lenders now require more information from customers when seeking a home loan. The below list of items can assist you with preparing for your next home loan application, to give yourself every chance of fast […]

With interest rates at records low, many borrowers are considering to fix their home loan. The tricky part is knowing when is the right time to put this in place. Below are four things to consider if you’re looking to fix your interest rate Look at the changes in the current fixed rates, rather than variable […]

1. The potential saving you can achieve  Current home loan  balance  Interest per month  on current average  variable  rate, 4.3%  Interest per month  on current leading  variable  rate, 3.79%  Potential saving per  month  $250,000  $896  $790  $106  $500,000  $1,792  $1,579  $213  $700,000  $2,508  $2,211  $297   2. The costs to change If you are on […]

If you’re thinking of renovating your home, you may be able to borrow against the equity you have, to do so. Equity refers to the portion of ownership in your property that is yours versus the amount that is owed to the bank. For example if your home is valued at $500,000 and you owe […]