The hidden risk of having multiple loans without a strategy It’s more common than you think. A client comes in with 2, 3, sometimes even 5 different loans across multiple lenders; a mix of owner-occupied, investment, personal, even credit cards; all set up at different times, for different reasons. On the surface, everything seems fine. But underneath? • Interest rates that haven’t been reviewed [...]
Problem: Overpaying on an existing home loan Here’s a question most homeowners avoid: 👉 When was the last time you reviewed your mortgage? If it’s been more than 12–18 months… You’re probably paying more than you need to. Banks rarely reward loyalty. In fact, new customers often get better rates than existing ones. Solution: A good broker doesn’t disappear after settlement. We: ✔ Regularly [...]
There’s no denying the economic noise right now — rising costs, job uncertainty, and the pressure of keeping up with repayments can all start to feel a bit too close for comfort. If you’ve been thinking about how to protect yourself for the year ahead, you’re not alone. The good news is: you don’t have to wait for things to get tough before taking [...]
Finally, the news we’ve been waiting for! Yesterday, the RBA announced the first rate cut in four years. It was just 25 basis points, but it’s a start. The great news is that the big 4 banks are passing on the full rate cut on variable home loans which will be a relief for many home owners. For the average home loan of $600,000 [...]
Real estate agents are reporting that they've seen a big increase in the number of properties listed in the last three months. Surprisingly, many of them, particularly in Brisbane and Hobart, have only been in the hands of the current owners for less than three years. Many are being sold by first home buyers and investors. Sadly this is one of the impacts of [...]
Yesterday, the Reserve Bank of Australia announced the third cash rate rise in as many months. Whilst this seems a lot, this is the first of any rate rises we've seen since October 2011 when the rate started dropping from 4.75%. The cash rate is currently sitting at 1.35% and while the actual interest rate charged by lenders is higher, the interest we're paying [...]
For many people, a mortgage is a "set and forget" type of thing. If that's you, now is the time to change! Getting a mortgage sometimes feels like you're running a half marathon. If you're doing it against the clock, it's like running that half marathon at a sprint. It can be hard work. You have to find all those payslips, bank statements, supporting [...]
The aim of securing the “right” mortgage is always about getting the best combination of rates and features to suit the borrower. For some, this will be getting the absolute lowest interest rate because the aim is to pay the mortgage off asap. No bells, no whistles, just the cheapest rate. For others, they may be willing to pay a little more so they [...]
There's a whole lot of hype you can get caught up in right now relating to the property market and interest rates. The media is reporting huge price growth for property and there are some ridiculously low interest rates available. But you need to remember one thing: Does it work with your game plan to buy, sell or re-finance right now? If it's appealing, [...]
There are lots of great reasons to refinance your home loan. The best reason of all is to save money. If your mortgage is more than a couple of years old, it’s definitely a good idea to take a look at your interest rate and the features of your loan. Could you be paying less interest? Are you paying for features that you don’t [...]
