Rates are moving. What are your options?
The last major Australian bank has just increased its rates putting its owner occupiers on principal and interest up 0.12% and interest only rates up 0.16%. What will happen next?
ANDREW TIMMS BLOG
As home finance experts, we love keeping Australians like you up to speed on finance news, home advice and tips to grow your wealth.
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Banks profit increase while consumers are expected to pay more.
Since the Royal Commission report was released on Monday, potential profits of the Big Four Banks will increase significantly while mortgage companies share prices are falling. This has come with an increase in fear that competition will be wiped from the marketplace in the not too distant future.
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The pros and cons of investing in property to build wealth
Like any investment option, property has advantages and disadvantages for investors looking to build wealth. Find out more with this guide from Loan Market.
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Have you heard of repricing? It could save you money.
Property auction clearance rates in our capital cities are tracking in the low 40% and credit lending has tightened. One thing is clear - you have options.
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Apps to save your pennies.
We know the frustration that comes from meeting with your bank, only to be told that you just aren’t financially ready. Here’s what you can do today that will set you up to be the perfect match for lenders in the future.
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More and more people are using brokers
Mortgage brokers are being used now more than ever. Why is this happening?
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Is now the time for first home buyers?
If you’re a first home buyer with your finances in order and a good credit record - the odds are in your favour! If the data is anything to go by, opportunities will only get better.
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Do you have a grip on your finances?
Do you know how much you owe, what your super balance is or what interest rates are around right now? If you don’t, you’re not alone.
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Royal Commission revelations: who do I work for?
On September 28, Commissioner Kenneth Hayne released his interim report into the Banking and Finance industry which, at this stage, raises more questions than answers. The final report is due out in February, 2019 however with all the media commentary over the weekend, I thought I’d take the oppo...
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The challenges facing residential prices
After five years of stunning price growth, Australian residential property prices have just fallen for the eleventh month in a row according to a recent report from Core Logic.
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This is in your interest
A certain “set and forget” mentality slips in with mortgages. Money leaves your account to nibble on your mortgage. Meanwhile, you get on with other things. But here’s the question — if you have an interest only mortgage (IO) when does it switch to principal and interest (P&I)?
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Negative gearing, capital gains and a possible Labor victory
With the recent leadership spill - many questions have been raised. What does it mean for Australians and the housing market? Two things come to mind…
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Rates are rising, but who will join the party?
Westpac has broken the rate rise stalemate between the Big4 when it decided to raise home loan interest rates. With the official cash rate staying put by the Reserve Bank of Australia (RBA) and 3 of the Big4 now with a rate rise in play, who else will play copy cat and hike up their rates too?