Your Financial Health Check and Outlook for 2025
Your Financial Health Check and Outlook for 2025 Australia’s economy is expected to navigate an interesting landscape in 2025. With global economic uncertainties and inflation pressures, the Reserve Bank of Australia (RBA) might continue its careful balancing act with interest rates. Nonetheless, experts predict that the RBA may adjust or slightly even lower rates to […]
The Journey with your Finance Broker
Your Journey with a Finance Broker: The Importance of Long-Term Relationships Have you ever wondered why your finance broker is reaching out to you six months after you’ve settled into your new property? The answer is simple: a finance broker is with you for life. You’ve just achieved the dream of homeownership, thanks to your […]
Difference between Banks and Non-Bank Lenders
In the Australian lending market, while the big four banks (Commonwealth Bank, Westpac, ANZ, and NAB) often dominate the headlines, a substantial portion of loans actually come from non-bank and boutique lenders, such as credit unions, building societies, and other mortgage lenders that operate independently of the major banks. What’s the Difference? Non-bank and boutique […]
Should I rent or buy?
With so many complexities, grants, schemes and information out there, it’s no wonder the decision to rent or buy can feel so hard and conflicting. 3 things to consider when it comes to buying vs renting. Flexibility. Want to live by the beach? Big kid gap year on the horizon? Once you have a mortgage […]
What is Refinancing and when should you do it?
As a homeowner with a mortgage, chances are you’ve heard of the term ‘refinancing’. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender, who can better meet your current needs, wants and circumstances. Refinancing can be a strategy to secure a lower interest rate, switch to a different type of […]
Who is involved in a property purchase?
Buying a property is more complex than most other purchases you’ll ever make in your life. Here are the different parties who may be involved in your home-buying process and how you can leverage their valuable experience and knowledge. Mortgage broker Brokers act as a liaison between you and the lender. They will find out […]
Home Loan Health Check
When was your last home loan health check? Circumstances can change, leaving your home loan less suitable than it was originally. A home loan health check can reveal if you’re paying too much. What’s involved? Your finance broker can do a full home loan health check for you either in person or over the phone. […]
Clawback – As a client how can you help?
Clawbacks can have a significant impact on mortgage brokers. If a borrower repays or refinances their loan within a certain period of time (typically within first 12 to 24 months), the lender may require the broker to repay some or all of the commission that they earned on the loan (dependent on time period). The […]
What happens when your fixed rate term ends
Fixed rate terms last for a set period of time that is prearranged between you and your lender. Fixed rate periods last between one and five years. When your fixed rate term ends, your loan will usually revert automatically to the standard variable interest rate unless you have provided instructions to refix your loan. As […]
Offset Account
What is an Offset Account? An offset account is a transaction account that is linked to a mortgage account. It reduces the amount of interest you pay on your loan. The balance of the offset account is subtracted from your loan balance, so you only pay interest on the difference. Here are some additional […]