What can we expect from interest rates this year?

Jan 28, 2017 5:11:38 AM

Australia has enjoyed six blissful years of falling interest rates, but if the forecasters are to be believed, that could be about to change. Since 2011, the RBA has cut its official cash rate 12 times, from 4.75 down to just 1.5 per cent. As recent interest rate cuts have failed to boost the economy and increase inflation, it’s highly likely an increase will be on the cards in 2017.


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Topics: Australia, Interest Rates, Mortgages, Mortgage Broker

Do you have the right insurance cover?

Jan 25, 2017 6:00:00 AM

Around 1.8 million Australian homes (that’s 23 per cent) have no home or contents insurance, reports the Australian Bureau of Statistics, roughly the same number of homes found in the greater Sydney and Melbourne metropolitan areas. Not having enough insurance is just as risky. What would happen to your family if your home was badly damaged or destroyed? Do you have the right insurance cover?

 


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Topics: Insurance, Mortgage Broker, Non-Insurance, Underinsurance

Good time to refinance

Jan 19, 2017 7:00:00 AM

The beginning of a new year is a good time to review your household budget. Perhaps you’ve overspent during the festive period and your debt has mounted up. You may be considering debt consolidation or other ways to cut back on expenses. If you’re struggling with debt or you find yourself constantly borrowing money from family or friends, it’s time to take control of your financial situation. Refinancing your mortgage could be the solution.

 


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Topics: Refinancing Options, Mortgage Broker, Budget, Home Loan

Top tips for saving in 2017

Jan 13, 2017 5:54:59 AM

If 2017 is the year you kick your spending habits and get on the road to saving, then read on. When it comes to saving money, making a few changes to old habits can result in significant savings. To get your finances off to a good start in 2017, we’re sharing our top tips for saving.


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Topics: Mortgages, Savings, Budget, Resolutions, 2017

Why Property is the Best Investment

Dec 26, 2016 7:35:00 AM


While most people have an opinion on which areas are best for buying property, they all tend to agree that property is the most trusted investment. For the average Australian wanting to grow their own financial independence, property easily outperforms most other types of investments. By buying well and adding value to your property, you’re guaranteed a return on your investment. Take a look at why we think property is the best investment.

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Topics: Australia, Property Investment

Fixed or variable interest rates – which is right for you?

Dec 19, 2016 5:08:17 AM


With interest rates at record lows, it’s a question many homeowners are asking: which type of home loan should I choose? Fixed or variable interest rates? It’s impossible to predict which way interest rates will go, and the fact is, that both types of home loan have their pros and cons. We’ve outlined what these are to help you make an informed decision about whether to fix or to float.


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Topics: Finance Update, Variable Rates, Fixed Rates

Getting pre-approval for your mortgage

Dec 15, 2016 6:08:53 AM

Before you start house hunting for your dream home, it’s a good idea to get pre-approval for your mortgage. A pre-approval gives you peace of mind knowing how much you can buy for, shows sellers you’re serious about buying, lets you bid at auctions, and puts you in a better negotiating position when it comes time to make an offer. Read on to find out more about getting pre-approval for your home loan.


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Topics: Pre-approvals, Mortgages, Mortgage Broker

Preparing your home for a summer sale

Dec 9, 2016 8:55:25 AM

Selling your home in summer lets you show it off at its very best. But enticing prospective buyers in can be tricky, when many prefer to avoid attending open homes when it’s just too hot. To help get your home summer-ready in time to sell, we’re sharing our tips. Embrace those lazy summer days with a few simple chores to make your home a cool and welcoming oasis for prospective buyers.


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Topics: Selling, Australia, Summer, Selling your Home

How do lenders assess home loan applications?

Nov 28, 2016 8:00:00 AM

When applying for a home loan, it helps to understand how lenders assess you and your situation. Whether it’s a bank, an independent lender or a financial firm, applications are carefully assessed before they are either approved or declined. And while credit policy may differ amongst lenders, all lenders follow similar guidelines when assessing loan applications.


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Topics: Australia, Loans, Credit Check

How to avoid paying Lenders’ Mortgage Insurance

Nov 21, 2016 7:00:00 AM


When buying your first home every cost saving counts. But if you’re struggling to save a large enough deposit, there’s a good chance you’ll have to pay Lenders’ Mortgage Insurance. Lenders’ Mortgage Insurance can be a sizeable cost, so it’s worthwhile finding out about it up front and factoring it in. There are a few ways you can avoid paying Lenders’ Mortgage Insurance and we’ve broken those down for you here.


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Topics: Australia, Insurance, Mortgages, Lenders, LMI