Mortgage Tips Articles


Why possible rate cuts could be harmful to borrowers
Why possible rate cuts could be harmful to borrowers

Duncan Hughes of the Australian Financial Review wrote on Tuesday that major lenders may well follow in the footsteps of the Commonwealth Bank, cutting interest-only mortgage rates in a bid to reclaim market share.

This is on the back of APRA’s decision to cap investor lending at 10%, which impacted the big banks more than they expected... Continued

March 09, 2018 by Sarah Robinson

How to lower mortgage stress
How to lower mortgage stress

Data Finance Analytics has released new data that says around 29.7% of Aussie households are feeling the pinch of mortgage stress. 

So, what exactly is mortgage stress? And what steps can be taken to alleviate the pressure? We’ve taken time out to address this important issue... Continued

January 18, 2018 by Sarah Robinson

What you must know when buying your first home
What you must know when buying your first home

We’ve noticed more and more of our clients are looking to secure finance to build their first home. So, we’ve taken time out to discuss what you need to know, in order to take advantage of the grants available to you.

Get a First Home Owner Grant The First Home Owner Grant (FHOG) was introduced by the Australian Government in 2000, to offset the impact of the Goods and Services Tax (GST) on those buying or building a residential property... Continued

December 01, 2017 by Sarah Robinson

What is ‘principal and interest’ on a mortgage?
What is ‘principal and interest’ on a mortgage?

A new study by UBS has found one-third of borrowers in Australia with interest-only loans are unaware they are not paying off any of the principal amount on their mortgage.*

Jonathon Mott, an analyst at UBS told The Australian: .. Continued

October 06, 2017 by Sarah Robinson

4 tips to help you reduce your mortgage
4 tips to help you reduce your mortgage

As someone with a mortgage, you’re probably well aware of the forward thinking and consistency needed to pay it off.

If you’ve been doing just that, you’re doing a great job... Continued

August 18, 2017 by Sarah Robinson

Move to reduce home owners using mortgage to finance personal spending
Move to reduce home owners using mortgage to finance personal spending

AMP Bank has just recently banned property owners from dipping into their mortgage to fund personal spending. This move is on the back of pressure from the Reserve Bank of Australia (RBA) to tighten credit lending.

AMP holds a mere 1% of home loans in Australia, but is considered a major player in self-managed super funds (SMSF). However, most of its SMSF investments go into property (residential and commercial).The trend of preventing homeowners from using their home loan as a ‘piggy bank’ for personal spending is likely to resonate through the finance industry... Continued

July 15, 2017 by Sarah Robinson

How to create a buffer and save more on your mortgage
How to create a buffer and save more on your mortgage

Despite an increase in interest rates over the past few weeks, new data from the Reserve Bank of Australia shows many borrowers are actually ahead on their repayments. 2.5 years, to be exact.

Of course, this isn’t the reality for all borrowers in Australia. Which is why some finance heads are saying now is a good time to improve your financial position, and make moves to get ahead... Continued

April 04, 2017 by Sarah Robinson

How to find a good mortgage broker in Australia
How to find a good mortgage broker in Australia

A good mortgage broker will help you save more on a home loan in many ways. In most cases, he or she will compare hundreds of different home loan products for you, and then recommend the option with the greatest savings and appropriate terms.

They should also consider your circumstances, including your financial goals, so the loan you end up choosing is tailored to your specific needs... Continued

March 24, 2017 by Sarah Robinson

66% of Australians unaware of changes to credit score requirements
66% of Australians unaware of changes to credit score requirements

Credit rating bureau Experian has warned Australians that new credit card reporting requirements will allow lenders to view a greater volume of information relating to a borrower’s financial history.

In short, if you’re going for a loan, a potential lender can check out your background in more depth than ever before. And most Australians don’t even know these changes are on the horizon... Continued

March 18, 2017 by Sarah Robinson

Christmas saving tips
Christmas saving tips

Christmas is meant to be a time for kicking back and enjoying the festivities that come along with it.

But it can also be a stressful time for homeowners juggling repayments and additional costs, such as Christmas shopping and family holidays... Continued

December 09, 2016 by Sarah Robinson



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