by Mortgage Innovations | Sep 12, 2023 | Financial Advice, Industry Updates
For devotees of the Buy Now Pay Later (BNPL) model, a significant shift is on the cards. The federal government has announced its intention to close the existing loophole that allows BNPL products to sidestep regulation as credit products. The BNPL model, which has...
by Mortgage Innovations | Jul 6, 2023 | Financial Advice, Home Loans, Loans
Your credit score is more than just a number. It is a reflection of your financial health, representing your creditworthiness to lenders. A high credit score not only helps in securing loans or credit cards, but it can also determine the interest rates you’re...
by Mortgage Innovations | Jul 6, 2023 | Financial Advice, Industry Updates, Interest Rates
The Reserve Bank of Australia’s (RBA) decision to hold the official cash rate steady at 4.1% marks the second pause in monetary tightening for 2023. This decision reflects a balance of the central bank’s assessment of the country’s economic growth,...
by Mortgage Innovations | Jun 8, 2023 | Financial Advice, Industry Updates, Interest Rates
This month, the Reserve Bank of Australia (RBA) chose to move the cash rate to 4.10%. With the cash rate increasing by 4 percentage points since the start of 2022. On top of that, many fixed-rate loans are due to expire in the second half of this year, which could...
by Mortgage Innovations | Jun 8, 2023 | EOFY, Financial Advice, Industry Updates
It’s that time of year again! As we approach the end of the financial year (EOFY), there’s a collective sense of urgency in the business world to tie up loose ends, review performance, and plan for the financial year ahead. This period can be daunting,...
by Mortgage Innovations | May 12, 2023 | Financial Advice, Home Loans, Loans
When it comes to purchasing a home, there are a few steps as important and empowering as obtaining a home loan pre-approval. This initial evaluation by a lender provides you with valuable insights into your borrowing capacity and sets you on a path towards a confident...