In the wash-up from the banking royal commission that ran from 2017–2019 came a raft of regulatory changes. One change that affected the mortgage broker market was a new, legislated Best Interests Duty (BID). It’s been law
Choosing the right time to refinance can be tricky. With interest rates famously low, and not looking like they’re going to move up any time soon, many Australians with mortgages have already decided that the time
What the Federal Budget means for property buyers and sellers When Federal Treasurer Josh Frydenberg delivered the 2021–22 budget last Tuesday, we were keeping our eyes and ears out for announcements that might have an impact on
We are very proud to announce that we have been shortlisted for one of The Adviser’s Better Business Awards! The Better Business Awards 2021 recognises the leading players in Australia’s mortgage and finance broking industry. We are a
Intro to refinancing Refinancing is simply the process of taking out a new home loan to replace your existing one. Typically people refinance to take advantage of a better interest rate, add additional features to their loan
What a difference a global pandemic makes! It was only a couple of years ago when the federal government was tightening the screws on borrowers. In fact, for much of the past decade, regulatory changes have made
Hard lockdowns, PPE, Iso, Coronavirus … 2020 has been a year where we’ve all unhappily learnt new words and phrases. Another new phrase we’re hearing more and more – while not exactly accurate – is a
With official interest rates seemingly settled in at all-time lows, many people with mortgages have been paying close attention to their own loan interest rate. Add to that the precarious state of the COVID-affected economy – and
Offset loans are a common and popular type of loan, and can save you a significant amount of money over the life of your loan. Many borrowers choose this type of loan thinking the financial rewards
The Reserve Bank of Australia announced on March 19 that it was reducing the cash rate to a record low of 0.25% in response to the economic impact of the COVID-19 virus. What is the cash rate? The
Using a mortgage broker takes a lot of the hassle, research and paperwork out of finding a suitable home loan for your circumstances. Brokers have access to some home loans that aren’t available to everyone, and
The attraction of interest-only loans is obvious. Having a period of time – typically five years – where you’re not paying off the principal (the actual amount of the loan) means you have more money on
