First Home Buyer

RBA Shocks Mortgage Holders with Surprise Hold

The Reserve Bank of Australia (RBA) announced no change in the official cash rate.

July Rate Cut Not Guaranteed

Recent economic indicators, including easing inflation and subdued GDP growth, have led many to predict another 0.25% reduction.

What is an Interest-Only Loan in Australia?

Interest-Only loans can be a valuable tool if used strategically, but they aren’t a one-size-fits-all solution. But what exactly is an interest-only loan, and is it the right choice for your financial situation?

Mark Bouris: Rate Cut’s Are a Double-Edged Sword

Let’s be clear: rate cuts are a double-edged sword. Yes, they lower repayments and ease the squeeze. But they also flood the market with cheap money.

Refinancing Before June 30 What You Need to Know

Refinancing involves replacing your existing home loan with a new one, either from the same lender or a different one. For Australians, EOFY creates a natural checkpoint for evaluating whether their existing mortgage is still serving their financial goals.

RBA Cuts Interest Rates in May

The RBA has officially cut the cash rate by 0.25%, bringing it down to 3.85%, marking the second cut this year.

RBA May Rate Cut Predictions: What Will the RBA Do Next?

If rate cuts are implemented, the main priority for borrowers should be understanding how it affects your mortgage. This may also be the perfect time to explore refinancing or reviewing your current mortgage setup through an experienced mortgage broker, to try and secure a better deal.

What Are Principal and Interest Loans? A Beginner’s Guide

With a P&I loan, your regular repayments include both these elements. This means every time you pay, part of your repayment reduces the loan balance (the principal), while the other part covers the interest owed.