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.
The type of loan you choose can make a big difference in your financial outcomes and long-term goals.
Postcode restrictions are guidelines that lenders apply when assessing the risk of approving a home loan for a property in a specific area.
Here’s a guide tailored for Australian self-employed borrowers to better understand how to qualify, what to expect, and how to prepare.
The Reserve Bank of Australia (RBA) has left interest rates on hold at 4.10%.
Will the RBA deliver another interest rate cut? For homeowners, property investors, and first-home buyers, this decision isn’t just about headlines, it directly impacts mortgage repayments, property affordability, and purchasing power.
Before jumping into the application process, it’s vital to familiarise yourself with some of the key features and options available within the Australian market.
The RBA has cut the official cash rate to 4.10%.
Market confidence is strong, with a 93% chance of a 0.25% rate cut on February 18, 2025.
