News

NAB In, Westpac Out Of The First Home Buyer Scheme

personOtto Dargan access_timeNovember 27, 2019

The NHFIC announced NAB as the first major bank that will be offering home loans under the federal government’s First Home Loan Deposit Scheme. The scheme allows first home buyers (FHB) to qualify for a home loan with a deposit as low as 5% and pay no Lenders Mortgage Insurance...

Read more

Should Banks Automatically Adjust Home Loan Repayments?

personOtto Dargan access_timeNovember 26, 2019

93% of home loan borrowers are making more than the minimum home loan repayments off the back of cash rate cuts by the RBA. This is because currently, banks do not automatically adjust repayments. Basically, if a customer is paying P&I (principal and interest) then when...

Read more

RBA Says: Expect An Extended Period Of Low Interest Rates

personOtto Dargan access_timeSeptember 11, 2019

Great news for borrowers! The Reserve Bank of Australia’s Governor Philip Lowe says that the cash rate will stay low for the long term. In its 4 September meeting, the RBA has decided to keep the cash rate unchanged at 1%, which means that borrowers can enjoy a longer period...

Read more

Borrowing Power Changes: How Much More Can I Borrow?

personOtto Dargan access_timeJuly 17, 2019

This month APRA (Australian Prudential Regulation Authority) has removed rules for the banks about how they calculate borrowing power. As a result, borrowing power has increased by as much as 15 per cent. Who are the winners? Home buyers have seen their borrowing power increase...

Read more

RBA Slashes Cash Rate Again – Is Your Lender Passing On The Full Rate Cut?

personOtto Dargan access_timeJuly 10, 2019

The Reserve Bank of Australia (RBA) slashed the cash rate once again by 0.25% – taking the already low cash rate to its new historic low of 1.00%. Relatively, fewer banks are passing on the full rate cut compared to RBA’s rate cut in June. Who passed on the full rate...

Read more

Home Loan Experts Wins Australia’s Top Mortgage Broking Office Award

personOtto Dargan access_timeJuly 9, 2019

The Australian Broking Awards is the night of nights for brokers, brokerages, aggregators and mortgage industry leaders. The awards are judged by a panel of leading industry experts and competing in the awards are some of Australia’s best brokerages. On Friday night, we were...

Read more

New Assessment Rate: How Much More Can I Borrow?

personOtto Dargan access_timeJune 10, 2019

In an open letter to the banks, APRA (Australian Prudential Regulation Authority) has proposed amending their guidelines to allow banks to determine their own assessment rate. This will substantially increase the maximum borrowing power of many home loan borrowers. We responded...

Read more

folderCategory: News

bookmarkTags: , ,


RBA Rate Cut: Is Your Lender Passing On The Full Rate Cut?

personOtto Dargan access_timeJune 10, 2019

With home loan interest rates at record lows already, RBA officially cut the cash rate by 0.25% to just 1.25% p.a. – the lowest it has ever been. While many lenders are passing on the full rate cut to their standard variable rate home loan customers, however, not all lenders...

Read more

News: Is ScoMo’s First Home Buyer Scheme Any Good?

personOtto Dargan access_timeMay 16, 2019

The Government has announced a new first home buyer scheme just days out from the Federal Election. So how does it stack up in improving housing affordability? How it works If you have saved at least 5% of the property value as a deposit, the Government will guarantee up to 15%...

Read more

WATCH: Investment Loans, Rates And SMSF Borrowing

personOtto Dargan access_timeApril 26, 2019

WATCH: Home Loan Experts managing director Otto Dargan speaks with Your Money about investment loans, interest rates and borrowing for your SMSF. Rates are lower but investment lending is still tight The Australian Prudential Regulation Authority (APRA) removed the cap on...

Read more

folderCategory: News

bookmarkTags: