Yes, interest rates are at an all-time low in Australia, but what does this mean for borrowers? Well, it means you could be saving a whole lot more on your loan, if you’re savvy about renegotiating.
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Yes, interest rates are at an all-time low in Australia, but what does this mean for borrowers? Well, it means you could be saving a whole lot more on your loan, if you’re savvy about renegotiating.
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Now that interest rates are at a record low and the majority of lenders have passed on savings, it’s a good time to consider refinancing. Finder.com.au says borrowers can save tens of thousands of dollars over the life of their loan by doing so.
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News.com.au recently reported that comparison website Mozo has told borrowers to urgently consider reviewing their home loan.
This announcement is on the back of ‘rock-bottom deals’, with more than 60 lenders around Australia offering rates at below 4%... Continued
New data from the Australian Finance Group (AFG) shows more borrowers in Australia are refinancing their mortgage through small and mid-size lenders.
This shift indicates people are more inclined to step away from major lenders, including the big 4 banks, preferring more niche lending institutions... Continued
New data collated by SQM Research shows vacancy rates across Australia increased by 2.5% in June this year. According to the research, Perth had the largest increase, from 0.3% to 5%. On top of this, rental prices in some states have taken a dive too.
These factors traditionally push investors to sell up. But there is another option, which can improve your cash flow... Continued
New data indicates Australians are saving more on their home loans by refinancing and securing a more affordable home loan solution.
Here are the facts:.. Continued
It’s not just the big banks hiking up home loan rates in Australia right now. We’re now seeing a number of non-major lenders following suit.
But what does this mean for borrowers in Australia?.. Continued
People choose to refinance for many different reasons.
But when is the right time to make the move? And when is it better to stay put?.. Continued