How does the 1% serviceability buffer help mortgage prisoners?
Few banks have come up with assessing home loan applications on a 1% serviceability buffer instead of the 3% serviceability buffer.
The impact of the fixed-rate cliff on the Australian housing market
For those who took out the fixed-rate 2 or 3 years ago in the low 2% or high 1%, those fixed rates are ending in the next 3 to 12 months.
My fixed rate is expiring, what next?
Apple Grace (not her real name) bought her first home 2 ½ years ago. In 6 months, this fixed rate will expire and she wants to know what her repayments will be
How rising interest rates affect consumer behavior amid inflation concern
As interest rates go up, people are spending less. Big banks in Australia are seeing a drop in consumer spending, even more than what official numbers show.
New NSW stamp duty reform to make homeownership more affordable
NSW government has increased the stamp duty exemption cap to $800,000, allowing first-home buyers to avoid paying stamp duty on properties priced below $800,000
6 Mistakes to avoid when refinancing in 2023
If you’re considering refinancing, it’s a good idea to be aware of a few pitfalls when doing your research. Here are six mistakes to avoid.
Finding A Home Loan When You’re Self-Employed
If you’re self-employed and looking to buy a home, navigating the home loan process can be challenging. We’ll explore the tips to find the right home loan
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?
How high will the interest rates rise in 2023?
Australians should start preparing for a further rise in interest rates in 2023. Higher inflation is putting pressure on the budgets of most households.
A homeowner’s guide to refinancing
In this article, we provide the process of refinancing your home loan, breaking it down into simple layman’s terms.