Mortgage Tips Articles

RBA governor Philip Lowe has warned Australians that interest rates are likely to increase, while home values may fall.

On the back of this announcement, 3 Big Four banks have hiked variable interest rates... Continued

All around the world soccer fanatics are gearing up for the FIFA World Cup Final on Monday. Of course, even if you’re not a fan, you’ve probably noticed something’s up.

Maybe you heard that upon beating Sweden in the quarterfinals, English soccer fans stormed an Ikea in the UK.Yep, they trashed a whole lot of affordable home wares and furniture to celebrate the end of a 10-year cold streak... Continued

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

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

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

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

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

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

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

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