How to make the most of your home loan offset account
No one really likes paying interest on their home loan. For most people, paying interest is a kind of necessary evil – a depressing reality that will ultimately help you achieve your goal (owning your own home). So, when people hear that an offset account could help them pay less interest, they usually get excited. […]
Can you get no deposit home loans on the Gold Coast?
Buying a home is a wish that many people on the Gold Coast dream about. But with prices so high right now, it can seem like it is impossible to get there. Most banks prefer you to have a 20% deposit for a home loan approval. Fortunately, that does not always have to be the […]
What is a mortgage prison? 8 Ways to escape it
Have you heard of the phrase “mortgage prison”? Are you: trapped in expensive home loans Gold Coast deals with high interest rates; unable to switch to more affordable loans due to strict affordability tests; feeling helpless and stuck, with little hope of improving your financial situation? Chances are, you could be in a mortgage prison […]
Find Out The June RBA Decision
Hi Phillip, This month the Reserve Bank of Australia (RBA) has kept the official cash rate at the historic low of 0.25 per cent. RBA governor Philip Lowe said in the previous meeting that the RBA is prepared to scale up its bond purchases if needed. They will do whatever necessary to ensure bond […]