Everyone with a home loan is a winner on Melbourne Cup day today, as the Reserve Bank has lowered the official interest rates by 0.25%, but how will the lower rate affect your finances?
Keen to access a better interest rate, more flexibility and extra features on your home loan? Save yourself the hassle and the paperwork and instead of refinancing, negotiate with your current lender for a better deal.
The mortgage industry has praised the RBA rate cut, saying it will provide a boost to the economy and comfort to stressed homeowners.
With so many lenders and loan features on the market, we show you how to make sure you choose the mortgage (and lender) that delivers the rates, service and flexibility you need.
With some proactive strategies, you can slash your 30-year home loan term virtually in half.
Anyone who has ever had a mortgage will tell you they would dearly love to pay it off before the length loan term is up.
If you have equity in your home, and you’re not leveraging it to propel you closer to your financial goals, you could be missing out – big time.
With the right advice and follow-through, saving money on your mortgage is easier than you think.
If you don’t have a huge stash of disposable income left over each paycheck, but you’re still keen to move up the property ladder, these expert tips may take you a few steps close to your goals.
More and more Australians are looking for a better deal on their home loan, with October data from the ABS revealing that refinancing activity jumped by 17% over 12 months and 5% over three months.
National house prices have seen their first turnaround since the back end of 2010, but this year will be one of “mixed outcomes”, it has been claimed.
