Yesterdays RBA Rate Cut vs Your Borrowing Power You’re probably all aware that the RBA rate cut reduced the cash rate by 0.25% yesterday. The first RBA rate cut in a year. There are two possible implications of this move; Will house prices increase because people can borrow more money? Will house prices increase because […]
Killer home loan jargon
Have you been confused by killer home loan jargon? The world of property finance has more that it’s fair share of home loan jargon. Perhaps this is to make us in the industry feel clever, I’m not sure, but it’s certainly very common. Consider this statement; “The current indicator rate for your loan is now 5.8%. […]
Your Home Loan Interest Rate
In todays complicated home loan lending world there are six keys to your home loan interest rate . They are; Whether the purpose of the loan is for owner occupier or investment property. With most lenders, borrowers with an investment loan will pay a higher rate that an owner occupier loan. The size of the loan, or […]