Longer Lender Turnaround Times and How to Speed Up Your Loan Application
Major lenders have been taking longer to process loan applications in the past few months. The major factors increasing the length of turnaround times are low interest rates, government incentives increasing first home buyer traffic and a buoyant property market. In the latest ABS report (November 2020), the survey showed a record high of mortgage […]
RBA has Cut Interest Rates to Record Low 0.1% – How This Affects You
On Tuesday, 3rd November 2020, the Reserve Bank of Australia (‘RBA’) cut interest rates from the previous record low of 0.25% to a historically low 0.1%. This has been done in hopes to help the country recover economically by supporting household spending through lower interest costs for borrowers. Whether you are a homeowner paying off […]
It’s Time to Refinance with these Low Interest Rates
Refinancing can offer numerous benefits, whether you’re chasing lower repayments, or you want to tap into your existing equity to renovate your existing home or start a share portfolio. Whatever your reasons, there are some things you need to be aware of before you enter into a new contract. A Lower Interest Rate Doesn’t Mean […]
Interest Rate Cuts – What Does This Mean for You?
The Reserve Bank of Australia (RBA) announced consecutive rate cuts in June 2019 and July 2019, bringing the cash rate down from 1.5% to 1%*. Prior to this, the cash rate had been held steady at 1.5% unchanged for more than 2½ years. For many lenders, more specifically those sourcing wholesale funding within Australian shores, […]
Bank vs Broker – Securing Rates for You to SAVE
There are many financial products on the market, each with their unique features and benefits. A loan that is right for one person and their situation may not be the right solution for someone else. By going direct to one lender when you are looking for a loan to suit you, without knowing and understanding […]