Switching home loans can be a really smart move under the right circumstances, but there are also times you’re better off staying with your current mortgage. If you refinance at the right time, you could take advantage of lower monthly repayments and be able to pay off your mortgage sooner, or access some of the […]

Interest rates are at historic lows in Australia, and are likely to stay at very low levels for the foreseeable future. The Reserve Bank of Australia (RBA) cut official rates three times during the second half of 2019, reducing the cash rate from 1.50% to a record-low of just 0.75%. And the RBA might not […]

Sometimes, life happens, and it can be hard to keep up with mortgage repayments. If you’re in that situation, don’t panic, because there might be a way to solve your problem. Borrowers sometimes struggle to meet their mortgage repayments. The list of possible reasons is long, but some common ones include job loss, illness/injury and […]

When you’re applying for a mortgage, lenders don’t just look at your income, your deposit and your equity – they also look at how much you spend each week, month and year. Many lenders use the Household Expenditure Measure (HEM) to calculate the living costs of applicants HEM takes into account essential expenses like groceries, […]

Refinancing your home can save you money, but be warned: it can also impact your credit score. Refinancing means applying for a new loan and giving permission to a lender to make a credit enquiry – which could (but not necessarily) cause your credit score to drop slightly Making several credit enquiries over a short […]