Will interest rates increase in 2017?

Interest rates have been at historical lows for such a long time, home owners could be forgiven for forgetting what it is like for rates to rise.   In recent weeks though, major lenders have increased their fixed term rates, across several loan terms (two, three and five year terms). A rise in fixed rates … Read more

What is a good interest rate? How do you know if you have one?

Your mortgage is likely to be your single biggest monthly expense and yet you might (like many people) struggle to know what interest rate you are paying, let alone whether or not you are getting a ‘good deal’. The difference in interest rates can be significant. The best rate in the market at the moment (after the recent rate cut) is … Read more

How much can you afford to borrow with your first home loan?

Understanding how much borrowing capacity you have when buying your first home is an essential step for all newcomers to home ownership. The question of “How much can I borrow?” rears its ugly head for all new home buyers. As daunting as it can be, understanding your borrowing power is important – and essential – … Read more

Finding a home loan when you’re self-employed

There are many perks to working for yourself, but when it comes to applying for a loan, it seems being your own boss sends up a red flag to banks and other lenders. Andrew, owner of Tick Concepts, was one such person who found himself in a difficult position, after having left corporate life and a … Read more

How Much Can I Borrow?

This is often the first question that a client will ask before they even think about buying a new property, and many are surprised at the answer they get. Different lenders have different policies with regard to the maximum borrowing they will offer but there are some basic principles that remain constant throughout. Borrowing capacity … Read more

Why you should definitely be thinking about refinancing

Some estimates put the cost to customers of their ‘loyalty’ to their existing home loans with the big four banks at ‘more than $6 billion in savings each year’*.   Given that there are home loan lenders offering rates as low as 3.99% at present ‘Australians are wasting $17 million every day by sticking with … Read more

Refinancing your loan

Better interest rates, lower repayments, paying for that longed for renovation or consolidating other debts, there many reasons why you might want to consider refinancing. What is refinancing? Refinancing is when you pay out your existing loan and replace it with a new loan, either with a new lender or your existing lender. The loan … Read more

Even lower rates for owner-occupiers from the major lenders

A combination of low interest rates and house pricing growth has led to a warning this week from ASIC of a ‘housing bubble’ and the regulator APRA putting a ceiling on investment lending growth for the banking sector. This in turn has led to speculation that banks may look to entice more owner-occupier with deeper … Read more