In these times of greater cost of living pressures coupled with higher interest rates, those looking to obtain housing finance or refinance their existing loan can face a stricter test from lenders to secure that mortgage. Lenders are required to examine a borrower’s ability to repay a loan at a higher interest rate than those […]

Changes are afoot at the Reserve Bank of Australia (RBA) with the federal government appointing Michele Bullock as the RBA’s first  female Governor. The current RBA Deputy Governor has been tasked with implementing a raft of changes to the central bank’s operations which will be important to all brokers. She will replace Dr Philip Lowe

With the new financial year looking to be another challenging period of cost-of-living pressures and higher interest rates, a finance broker can show you how to manage your budget more effectively. You will be amazed how much can be saved in a relatively short time. Whether your goal for the 2023-24 financial year is to

It never pays to be complacent when it comes to your finances and setting and forgetting your home loan can be costing you money. ‘Should I review my mortgage?’ is a question brokers are often asked, and the short answer is: YES! It’s always important to undergo a financial health check and ensure your home loan

Australians have long been a nation of enthusiastic home renovators, with the COVID-19 pandemic resulting in a boom in home improvements as people unable to travel due to lockdowns spent much more time (and money) in their own backyards. That desire for home renovation still continues and brokers are busy helping people to secure their

Are you one of those who may have failed to meet the strict home loan requirements of the major banks? Don’t worry, you may still find the mortgage solution through a specialist non-bank lender. There are thousands of Australians who are turned away by the traditional lenders. This could be because they are perhaps self-employed

While many of the big banks have announced they will discontinue cashback deals, the mortgage market remains competitive, and a broker remains the avenue for a home loan customer to find a top deal. Cashback deals are where the lender pays a borrower a sum of cash – usually between $2000 and $5000 – when

According to the Reserve Bank of Australia (RBA), approximately 880,000 borrowers with cheap fixed-rate mortgages are facing a ‘mortgage cliff’ when their fixed-rate terms end this year. Having avoided the 11 rate rises imposed over the past year through the RBA lifting its cash rate by 375 basis points to tackle rising inflation, these borrowers