RBA official cash rate hikes up to .85%
the Reserve Bank of Australia (RBA) has increased the official cash rate, this time by a further 50 basis points to 0.85 percent, as it tries to curb inflation.
June 20, 2022
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the Reserve Bank of Australia (RBA) has increased the official cash rate, this time by a further 50 basis points to 0.85 percent, as it tries to curb inflation.
With the rise in the cash rate, the big four banks passed the .25% rise to its borrowers. So what should you be doing today to help you ride through the future rate rises expected this 2022?
After 138 months, the Reserve Bank of Australia (RBA) has decided to increase the official cash rate by 25 basis points to 0.35 per cent in response to increasing inflation pressures. The latest
Redraw facilities and offset accounts work in a similar way – they both effectively allow you to reduce the balance of your home loan, which reduces the amount of interest you pay.
Lenders mortgage insurance (LMI) is required when the value of a loan is more than 80% of a property’s purchase price, or property valuation if refinancing.
Loan to Value Ratio is the percentage of the loan against the value of the property. It is how much loan you have divided by the market value of your house.
Do you know that you can use the equity of your home as a deposit to buy a 2nd property without using your own cash? If you think property investment is something
It’s the spring selling season and despite the lockdown restrictions, house prices are still rising. According to the ABS, residential property prices rose nearly 7% in the June quarter 2021. It’s not
Saving for the 20% home deposit takes an average of 4.6 years, rising to over eight years for those buying in Sydney. Thus saving for a deposit can make the great Australian
Australia’s property market performed impressively during the pandemic. Most capital cities saw median home prices rise to record highs by the 4th quarter of 2020. Record low interest rates and first home
The role of a mortgage broker is to guide you through the home loan journey and help you choose the right product or feature for you. Our role is to work closely
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Your home is probably the biggest purchase you will make in your life- it can feel like a 30-year long marathon. There are some simple ways to cut years off your mortgage,
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We are a team of qualified professionals who have been in the mortgage broking industry for the last 10 years. We are also property investors who have accrued the knowledge and experience to help you achieve your property goals.
Learn the right strategy and find the resources to empower you to buy your first home, to refinance or to purchase your first investment property. Our team of brokers can guide you through the home buying process and answer your questions,
including:
➔ Where and what you can buy?
➔ How much deposit will you need?
➔ How much can you borrow?
➔ What are all the other costs involved?
➔ How can you repay my mortgage quickly?
Our role as your mortgage broker is to guide you through the process to ensure that all your needs and options are considered.
Your full financial situation will need to be reviewed prior to acceptance of any offer or product.
MBM Mortgage Pty Ltd trading as Maverick Finance | ABN 28 149 301 084 | Credit Representative 403019 is authorised under Credit License 389328
This website provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you
consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not
constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.