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 […]

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.

Can a 50 years old get a home loan?

Mature age borrowers

First home buyers face so many challenges today. First is affordability. Prices of properties in Sydney and Melbourne have soared in the last 12 months. Other challenges include saving for the 5% deposit or even more and the amount of money that they need to borrow just to buy that first home.  For first home […]