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.

How to prepare for rising interest rates?

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?

Are you ready for the rise in interest rate in 2022?

interest rate rise

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 inflation data showed Australia had recorded the highest quarterly and annual increase in more than two decades. The last time the RBA increased interest rates […]

How to calculate loan to value ratio?

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.

Are 40s and 50s too old to buy a house?

Mature age borrower Case Study

IS 50 YEARS OLD TOO OLD TO BUY A HOUSE?

They’ve always wanted to buy a home and have spoken to two brokers before they approached Maverick Finance about their chances of getting a home loan. When we understood their financial situation, we came up with a strategy.