It may be an admirable trait in personal relationships, but in financial matters, loyalty can come at a cost. Sticking with the same loan longer than three years can cost borrowers thousands, with competition to win business resulting in new customers paying lower rates than existing ones. This so-called loyalty tax has become such a […]
Getting the itch to fix? Choosing the right time to lock in an interest rate can be tricky. In the past year interest rates on fixed-rate loans have plummeted to all-time lows, prompting many borrowers to ask whether it’s time to lock in a rate. If you’re thinking about it, you’re not alone. The number […]
Some tips and tricks to paying off your home loan sooner. Buying a home is likely the most significant financial transaction you’ll ever make. So it stands to reason that your home loan will be your largest ongoing financial obligation. Imagine what life would be like without that monthly or fortnightly strain on your income? […]
If you are experiencing mortgage stress, now’s the time to get on the front foot with your lender. As your mortgage broker, we can help you prepare and plan for the unknown. It’s no surprise that the outbreak of COVID-19 has caused a huge increase in mortgage stress. According to the Australian Banking Association (ABA), […]
In this time of economic instability, we know that jobs and mortgages are of the highest concern to you, the Government and the lenders. With things changing on a daily basis, we’re perfectly positioned to help. As the response and effects of COVID-19 on our health and economy continue to develop, we’ve all been forced […]
Why smaller lenders are making a big change in banking. The history of Australian banking has always been dominated by the big four – ANZ, Commonwealth Bank, NAB and Westpac.
How can you make the most from the lowest interest rates in history? Many people believed that the low RBA cash interest rate, that had remained unchanged over the last couple of years, was about as low as it would go.
Most mortgages are spread out over 25 to 30 years, but it doesn’t have to be that way. With a few simple strategies you can take years and thousands off your loan, and it’s much easier than you might think.