The cash rate has been increased by the Reserve Bank of Australia (RBA) for the fourth month in a row from 1.35% to 1.85%. Since the RBA’s first increase of the cash rate from its record low of 0.1% in May, we have seen interest rates for both variable and fixed home loans increase across … Continue reading “As the cash rate climbs, should you fix your home loan?”

Many homeowners set up their home loan repayments to automatically be debited from their account – knowing they are slowly chipping away at their debt without needing to put much further thought to it. However, this set-and-forget mentality could actually cost you thousands in interest repayments. How? Because interest rates are constantly changing and many … Continue reading “When is a good time to refinance your home loan?”

  The 2021-22 budget has now been released. There’s a lot of talk and we want to help break down the key initiatives targeting home ownership which could help you get into the property market sooner. Family Home Guarantee  This is a newly created government scheme that will see 10,000 places made available over a … Continue reading “Are you a winner in this year’s budget?”

  Refinancing your home loan doesn’t have to be complicated. Here are our four steps to getting your loan refinanced: Home loan comparison. Mortgage Box will scour the market and compare home loan rates, interest, fees and features to determine if refinancing is right for you. Let’s see where you’re at. We will check in … Continue reading “Refinancing Your Home Loan – What You Need To Know”

  Low rates aren’t just good news for the influx of first time buyers racing in to get their first loan to buy their first home or investment property. This is also the right time for existing mortgage holders to capitalise on lender competition and super low interest rates. Despite interest rates dropping to historic … Continue reading “It’s never been so cheap to borrow… yet so few are capitalising.”

After much industry-wide debate, best interests duty for mortgage brokers – the statutory obligation for me to act in the best interests of consumers and to prioritise consumers’ interest when providing credit assistance – is now law. And frankly, it’s yet another reason buyers should work with brokers and not directly with banks to secure … Continue reading “New Year – New Obligations”

Let me say this loudly, loyalty doesn’t necessarily pay anymore. Not with lenders (banks) anyway. They’re busy acquiring new clients, delivering dividends to shareholders… and they know that we Aussies like to stick with the brands we know. Banks can be guilty of taking their current clients for granted. You may have a long term … Continue reading “10 Reasons You’re Better Off With A Broker”

How long does it take? After you’ve saved for stamp duty and a deposit, secured land and loan, the journey of creating a new home averages about nine months – give or take. And just like parenthood, building a home from scratch, the trials and rewards are part and parcel of the journey. Finding the … Continue reading “The process of building a home and growing a baby are not so dissimilar.”