Comparison rate. Variable rate. Fixed interest rate. Redraw. Break costs. Revert. Offset accounts. The maze of financial jargon can take some getting used to. Let’s look at a home loan 101 question to help you get started.
Refinancing can be a powerful tool in the search for financial stability. While it can feel confusing at first, this process can help ease the burden and potentially save you thousands of dollars on your loan (in the long run).
It was a busy appearance for Mark Bouris on Sky News as he discussed a number of pressing issues that all homeowners are facing.
Being your own boss doesn’t mean you have to settle for a higher interest rate or face insurmountable challenges.
Bouris has appeared on Channel 7’s Sunrise, to call for the RBA to “move the target”, referring to the RBA’s target of returning inflation back to 2 – 3%.
The RBA has decided to hold the official cash rate for July to “provide some time to assess the impact of the increase in interest rates to date”.
Mark Bouris makes his case on why rate hikes should cease.
If you’re new to the home loan or finance world, you may be wondering ‘what is the Reserve bank?’ ‘How do they affect home loans?’ ‘What does a rate increase mean for me?’
Want to feel confident about finding the right home loan? A clear understanding of the steps involved to secure a loan can help!
