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Multiple offset accounts Unlock the potential of your mortgage by exploring the advantages of deploying multiple offset accounts. In this guide, we shed light on how this strategic approach can give you a greater command over your finances, save money, and fast-track your mortgage repayment journey. The Advantages of Utilizing
The onset of 2023 brings a forecast of continued interest rate increases, spotlighting the importance of examining your finances to identify potential savings. One area ripe for scrutiny? Your current mortgage rate. Although negotiating with your current lender is an obvious first step, the multitude of available options can lead
Tips for Successfully Refinancing Your Home Loan Unlock the secrets to secure mortgage refinancing approval, even in a climate of rising interest rates. As interest rates continue to climb in Australia, lenders have become more cautious and selective when approving mortgage applications. Many borrowers find themselves unable to refinance to
Navigating Mortgage Options: Cashback, Interest Rates and More! In the world of home loans and mortgages, there’s a lot more to consider than just the loan amount. Cashback offers, interest rates, and future financial security are all crucial aspects that can significantly affect your mortgage experience. At Mel Finance, we’re
With the current state of the real estate market and interest rates, many homeowners are considering refinancing their properties. Refinancing— the process of replacing an existing mortgage with a new one— can offer numerous advantages, such as lower interest rates, reduced monthly payments, and access to additional funds. However, it’s
Just as our unique Australian landscape is vast and varied, so is the world of mortgage broking and home loan refinancing. This all-encompassing guide takes you on a journey through the refinancing terrain, from the rocky escarpments of home loans, government schemes, and insurance, right down to the fertile plains
Refinancing your home loan can be a smart financial move that allows you to access the equity you’ve built up in your home. Accessing this equity can provide you with additional funds for renovations, investments, or other financial goals. Here’s what you need to know about accessing equity by refinancing
Refinancing your home loan can be a smart financial move, but it can also be a complex and time-consuming process. Fortunately, working with a mortgage broker can make the process much easier and more successful. Here’s why refinance mortgage brokers are the key to successfully refinancing your home loan. Expert
Refinancing your home loan can be a great way to reduce your monthly mortgage payments, pay off your mortgage faster, or access equity in your home for other financial needs. However, to achieve these benefits, it is crucial to get the best interest rates possible when refinancing your home loan.
Refinancing your home loan can be a smart financial move, but it’s important to avoid common mistakes that can lead to higher costs and financial stress. In a rising interest rate environment, it’s imperative to approach refinancing with caution. In this article, we’ll explore the top mistakes to avoid when
Refinancing your home loan can help you save money on interest, reduce your monthly payments, and access cash for other needs. If you’re considering a refinance home loan, here are six tips to help you get the best deal on your home loan. 1. Understand Your Current Loan Before you
Refinancing a home loan can be a great way to save money, access equity, or improve your loan terms. However, the process can be lengthy and may take several weeks (6-8) to complete. If you’re considering refinancing your home loan, here’s what you can expect in terms of timing. Pre-Application
Refinancing your home loan can be a great way to save money, access equity, or improve your loan terms. However, it’s important to understand the process and potential risks before making a decision. If you’re considering getting a refinance home loan in Melbourne, here are some important things to keep
Incentives to help you enter the Australian property market as a first home buyer Entering the Australian property market can be challenging, with property prices experiencing record highs in the past few years. Not to mention the sharp increases in interest rates we’re experiencing in 2022. But all is not
With three months of successive rate rises, and more predicted to come throughout 2022, household budgets may be starting to feel the pressure of a changing economic environment. Following the successive 50 basis point rate rises in June and July, the current cash rate now sits at 1.35%. Up from
It’s official. After months of speculation it finally happened. The Reserve Bank of Australia (RBA) raised interest rates by 0.25 percent. It’s the first interest rate rise since November 2010 and for a generation of home loan borrowers, rising interest rates may come as something of a shock. While it’s
Should I fix my home loan in 2022? Fixed vs Variable home loans With the Reserve Bank of Australia (RBA) flagging an imminent interest rate rise, should you be fixing your home loan interest rate now before it’s too late? For the last few years, while the world’s economies battled
Interest rates are low. House prices are soaring. So why did APRA make changes to lending rules now? And who is likely to be affected? The Australian Prudential Regulation Authority (APRA) recently wrote to banks advising they must increase their buffer rate on home loans from 2.5 to 3 percentage points. And they only
Get ahead of the competition to buy your dream property One of the unexpected fallouts of the COVID-19 pandemic is the effect it’s had on the Australian property market. Initially Aussies were concerned about the Australian economy and braced themselves for property values to tumble. And although there was some
A common misconception is that only millionaires can afford to buy investment properties. In reality, people with a relatively low income can still buy investment properties, but will just need to plan carefully and be creative when starting their portfolio. If you’ve got a low income but big property investment
Back just a few short months ago COVID-19 felt like something that was happening overseas and we continued going about our normal routine. As we come out on the other side of March 2020, there is now no doubt, that this year has brought with it significant challenges for both
Before we headed to the polls in May 2019 the Government proposed a new First Home Loan Deposit Scheme. Aiming to make it easier to purchase your first home by reducing the time it takes to save up a deposit. It takes the average household around nine years to save
At the beginning of October, the Reserve Bank of Australia (RBA) cut the official interest rate to a record low of 0.75 percent, off the back of rising unemployment and a stalling economy. With further rate cuts not ruled out according to the Reserve Bank governor Philip Lowe. It should
Lower interest rates and APRA’s easing of home loan rules is great news for buyers Following nearly three years of the official cash rate holding firm, the RBA delivered two consecutive cuts in June and July this year. The two 25 basis point cuts put the cash rate at a
Need finance to cover cash flow gaps in your business, finance growth or expansion, or invest in extra working capital? Keen to start a new business but need a financial leg-up to make it happen? Run a Digital marketing business in Australia or Online business? Securing a business loan can be
If you’re a homeowner, you’ve probably heard of the idea of ‘refinancing’ your mortgage. Essentially, refinancing means securing a new home loan that repays and replaces your existing one. You may consider refinancing your mortgage to lock in a lower interest rate or take advantage of better loan terms or
With Melbourne property prices the second highest in Australia, many of us are investing interstate to get our foot on the property ladder. And while this can be an excellent way to access more affordable property with a strong return, it comes with its fair share of challenges. So if
Buying an investment property can be an excellent way to grow your long-term wealth. It can also offer some welcome tax benefits. But as with any investment, buying real estate comes with its fair share of risk. That’s why we’ve put together our top 10 tips for setting yourself up
In today’s competitive and ever changing mortgage market, its pays to review your home loan regularly to work out if you’re getting the best deal for your needs. And with Australia’s recent interest rate hikes, now is a good time to assess whether to stick with your existing mortgage or
If you’re looking to build your dream home or renovate an existing home, chances are you’ll need some help paying for the construction. The good news is you may be able to secure a special type of home loan known as a construction loan to help you achieve your goals.
