#Rates
November 30, 2022
5 benefits of refinancing
3 min
Refinancing your current home loan is something that you should be considering on a regular basis and there are a number of benefits to doing it.
August 31, 2022
What is a rate lock fee? How does it work?
2 Min to Read
A rate lock sets your interest rate, which will prevent the lender from hiking the rate prior to settlement, whilst giving the borrower even more surety at the same time. If interest rates fall, most lenders will still allow you to benefit from the lower rate, which is an added bonus.
August 31, 2022
Offset & Redraw
4 Min to Read
An offset account is just like your normal bank account. It works alongside your loan account. The beauty of an offset account is that it earns interest at a similar rate to your home loan, effectively saving you money. There is also a redraw option and it is a common question to ask: Offset or Redraw, which is best?
August 31, 2022
Fixed vs variable interest rates
5 Min Read
Fixed rates home loans allow your interest rate to be locked in or fixed for a certain period. With a variable interest rate home loan, the interest rate will change if either the bank or the lender adjusts their interest rates, or if we see a change from the RBA. Which one is right for you?
August 31, 2022
Interest only loans
4 Min to Read
With an interest only loan, you are not paying down any of the debt, however, you can significantly reduce your weekly repayments. An interest only loan is a good option for home buyers who need to keep their repayments as low as possible, because of either budget constraints or not wanting to tie up additional money each week.
