The good news is interest rates are at record lows. The bad news is the average mortgage size in most Australian capitals has hit an all-time high. The challenge for many borrowers who are used to low rates could be keeping up with payments when rates inevitably rise. Those who want to get ahead will […]
After 18 months of record low interest rates, many Australians are wondering what’s in store for 2015. With the official cash rate so low, is it a case of what goes down, must go up? Or can we expect the interest savings to continue into the year? While even the best financial analysts don’t have
If securing your first home, stepping up to something better or securing an investment property is on your to-do list for 2015 then it may be in your interest to maximise your borrowing power. Understanding how much you can borrow will help you make critical decisions, especially when it comes to what to buy and
Your home is likely to be the biggest purchase you make, so it’s something you want to get right. Mistakes can be stressful and costly. Here are the biggest ones buyers make and some tips to help you avoid them. Letting your heart rule your head. It’s often easy to be dispassionate about an investment
Competition among lenders for home loans remains steep but borrowers may still be missing out on great deals and important information that could save them thousands of dollars. You have freedom of choice Most lenders will pitch one or two loan products to customers. But that’s a tiny fraction of the number of loans available
