Understanding loan features is crucial because they can influence not only your monthly payments but also your ability to pay off the loan early or manage financial challenges throughout the life of the mortgage.
The official cash rate remains at 4.35%, where it has been since the RBA last increased rates in November 2023.
Many Australian homeowners fall into the “set and forget” trap with their home loans. However, this can lead to overpaying due to the “loyalty tax.”
Loan documentation can be overwhelming, so learning some basic concepts is important to get you started.
Mark Bouris is calling on state and federal governments to make changes to fix the housing crisis.
Many homebuyers ask their broker, “What is the lowest interest rate out there?”. While it’s a valid inquiry, it may not be the right question. Rather than focusing only on the interest rate, it’s also important to consider your financial circumstances.
The RBA has once again left interest rates on hold, with the cash rate sitting at 4.35%.
Even if the average Australian has tightened their belts considerably there are still many out there with plenty to spend and the data is showing it.
Buying off plan can be a great way to access a new property. What should we consider before jumping in?
