You may have seen media reports recently announcing that many lenders have increased the interest rates that they charged for investment property loans. Despite record low interest rates, lenders have elected to increase the cost of borrowing for investors. Lenders have also over the recent month changed their lending policies towards investors. This is […]
As a borrower, there will be times when things and circumstances change, and you will want to prepare for this. This minimises the impact of risks that we all encounter in life. The best way to manage this is to build a financial buffer zone for yourself. A recent Commonwealth Bank research study1 of over 1,000 […]
Read your home loan statement lately? Do you know your loan’s interest rate? If your home loan paperwork is gathering dust, make it a New Year’s resolution to get reacquainted in 2015. A simple review of your home loan could uncover serious savings. Reviewing your loan can be as easy as asking yourself these 5 […]
The Reserve Bank of Australia (RBA) needs to leave official interest rates alone for at least another six months to allow previous rate cuts to continue to stimulate the economy, says mortgage broker network Finsure. Finsure Managing Director John Kolenda said the RBA has kept its cash rate at the record low of 2.5 per […]
If you’re disciplined with finances, combining personal debts with your mortgage can save you money in the long run. But discipline is the key word to consider! Debt consolidation can lower your overall monthly loan repayments and the rate of interest that you are paying on your current debt. If you have credit-card debt, store […]
With interest rates at an all time low and commentators in the media speculating on what long term interest rates may do, many of our clients are asking: should we fix the interest rates on our loan now, or is it better to have a variable rate?