For the first time since November 2020, the Reserve Bank of Australia (RBA) has cut interest rates, dropping the cash rate by 0.25 percentage points to 4.1%. After a tough few years of relentless rate hikes, this news comes as a breath of fresh air for mortgage holders. But what...
When to Refinance Your Business Loan
As a business owner, your financial needs and circumstances are constantly evolving, so a business loan that worked perfectly when you started may no longer align with your goals today. That’s where refinancing comes in. By replacing your existing loan with a new one, refinancing can help reduce costs, improve...
Debunking Common Mortgage Myths
The world of mortgages can be a confusing landscape filled with myths and misconceptions. These can be misleading for potential homebuyers, delaying their entry into the property market or even costing them in the long run. Let’s debunk five common mortgage myths and set the record straight. Myth 1: You...
Unlocking Your Home Equity With Cash-Out Refinancing
Looking for some extra cash to consolidate your debts, renovate, or buy a new vehicle? Cash-out refinancing may be the key to unlocking some extra funds. It’s a powerful financial strategy that allows Australian homeowners to tap into the equity they’ve built in their homes. This approach is different from...
When Does Refinancing Make Sense?
Refinancing has been a hot topic lately, largely thanks to increasing interest rates over the last 12 months. But it's not just a buzzword or a magic fix; refinancing your mortgage is a financial decision that can significantly impact your future. Which begs the question: When does refinancing make sense?...
Beat the Fixed Rate Mortgage Cliff
As an Australian homeowner, you may soon face a daunting challenge – the end of your fixed rate mortgage period. The Reserve Bank of Australia (RBA) is predicting that approximately half of borrowers with fixed-rate mortgages will transition to variable rates this year. It's crucial for these homeowners to take...
How refinancing can help you dodge the full impact of rate rises
With all four major banks and many other home loan lenders passing on in full the Reserve Bank of Australia’s latest interest rate to their variable-rate borrowers, many homeowners are facing yet another jump in their home finance repayments – the fifth in as many months. However, existing variable borrowers will...
Why now might be a great time to think about refinancing
What would you say if we told you some home loan lenders are so desperate for your business that they will hand you thousands of dollars in cash if you refinance your home mortgage with them? Even better, this money can be spent any way you like – whether that's...