Refinance

Access Equity In Your Home Loan To Renovate

personOtto Dargan access_timeMarch 24, 2021

Property values are skyrocketing. With affordability hitting new lows, you can free up some money through refinancing to fund your renovation project. Release equity to achieve your financial goals The sharper your interest rate is, the lower your overall loan balance will be....

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Australians Are Paying Too Much On Their Home Loan: ACCC

personOtto Dargan access_timeDecember 17, 2020

Australians with older home loans are losing thousands of dollars by not checking for better home loan rates. Borrowers are spending far too much repaying their home loans by not seeking a lower interest rate from their exisitng lender or switching to a new lender. You could...

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Pros And Cons Of Refinancing Your Home Loan

personOtto Dargan access_timeOctober 2, 2020

According to CoreLogic’s early market indicators (as of 27 September 2020), refinancing mortgages rose 1.46% over the past week. Refinancing was up 22.11% year on year, compared to a 10.68% rise on mortgages for a new purchase. Source: CoreLogic’s Early Market Indicators...

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Coronavirus: Is Now The Right Time To Fix Your Home Loan?

personOtto Dargan access_timeApril 1, 2020

The RBA cut the cash rate twice during March in an unprecedented move caused by the coronavirus (COVID-19) pandemic, bringing the cash rate down to 0.25%. As a result, home loan fixed rates are at an all-time low with one lender offering a 2.09% p.a. fixed rate (comparison rate:...

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Can I Refinance My Home Loan During The Coronavirus Outbreak?

personOtto Dargan access_timeMarch 17, 2020

It’s not just about health, the economy will suffer Governments around the world have been in a position to choose between the economy and health. Unfortunately, many have prioritised the economy and as a result, more drastic actions will need to be taken later. This pandemic...

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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...

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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...

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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...

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Are Your Mortgage Refinance Documents Prepared?

personOtto Dargan access_timeApril 9, 2019

A number of lenders have recently announced cuts to their fixed rate home loans so, if you’ve been thinking about it, you may want to refinance your home loan soon to take advantage of these deals. But how do you avoid the rigmarole of preparing for your refinance application? If...

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3 Reasons Why You’re A Mortgage Prisoner

personOtto Dargan access_timeSeptember 4, 2018

If you’ve been knocked back for a home loan refinance recently, you could be a mortgage prisoner. Banks have been slowly turning the screw on borrowing power and living expenses over the past year and many would-be refinancers are finding their properties are coming in...

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