DON’T PANIC!

Happy Autumn! As you may be aware, the Reserve Bank of Australia (RBA) lowered the official cash rate today to a historic low of 0.5% (a 0.25% reduction). As we send this, multiple lenders have already announced that they will be reducing their variable rates by the full 0.25%. However, before deciding to refinance from your existing lender, this is …

How are your New Year Resolutions looking?

We know you are overloaded right now with the start of the new year so we will keep it short. Here are our top 5 things to consider when setting your New Year Resolutions: 1. Review your mortgage A mortgage would be one of the biggest expenses you currently have.  Taking 5 minutes to contact us can help you save …

Another Interest Rate Drop!

Tuesday’s RBA announcement saw the cash rate cut by another 25 basis points to a historic low of 0.75%. Will the banks pass on the full 0.25% reduction to variable rate customers? It will take a few weeks for the new rates to take effect but if you want to discuss your rates, contact us now (08) 9242 3300 or …

Assessment Rate Drop!

Applying for a home loan may have just become easier with Australian Prudential Regulation Authority (APRA) removing the minimum rate used in serviceability calculations by lenders. The serviceability calculation is a test used by lenders to determine if a customer can afford to pay off their home loan if there was an increase in interest rates. Most lenders rely on …

It is Christmas in July!

The Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA) have both announced reductions in rates giving borrowers a two-part Christmas in July gift. What are these gifts and how do they affect you? Gift 1: APRA are reducing servicing rates! What are servicing rates? Servicing is the calculation the bank uses to determine how much you …