by Mortgage Innovations | Sep 12, 2023 | Home Loans, Interest Rates, Refinancing
Background: Darren & Marion, like many homeowners, had begun to feel the pinch of their interest rates – 6.89% and 7.69%, respectively. With increasing financial pressures and a desire to optimise their financial commitments, they started to explore...
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 | Mar 20, 2023 | First Home Buyer Loans, Home Loans, Housing Market, Industry Updates, Interest Rates, Loans
As mortgage brokers, our perspective on whether to buy or rent a property would depend on several factors, including your financial situation, goals, and personal circumstances. In capital cities, 6.3% of suburbs were cheaper to buy houses than rent. We also see a...
by Mortgage Innovations | Feb 24, 2023 | Interest Rates
Every month, when the Reserve Bank of Australia (RBA) announces a new interest rate, it’s natural to feel a little anxious. You might not be sure what this means for you and your business, but don’t sweat it! We’ve got your back and can help guide you through each RBA...
by Mortgage Innovations | Jan 27, 2023 | Financial Advice, Home Loans, Interest Rates, Refinancing
If you’re on a variable-rate home loan or your fixed rate is set to expire, it is a good idea to check out your options for refinancing. We can help you every step of the way to make sure you end up on the right competitive loan. Here are 3 steps when refinancing with...
