Posts Tagged ‘Home loan’
The fixed v variable interest rates decision
As you can see from the chart below, the Reserve Bank of Australia (RBA) kept the cash rate on hold for another month when it met on the 4th February 2014. This decision has largely been made because the inflation rate is steady. Mortgage Brokers are always asked by clients and media representatives to provide…
Read MoreCredit Card debt consolidation might be the answer
My first blog for the year so let me start out by saying Happy New Year. I often see people who have credit card debt and are juggling just to make the minimum repayments on time and I have often wondered how people get themselves into this kind of situation. I consider myself pretty savy…
Read MoreThe 1st step to achieving your 2014 New Year’s Resolution
As we come to the end of one year and the beginning of another, it is the one time of year that many Australian set themselves money goals for the next year. It’s sometimes called a New Year’s resolution! Few of us stick to them generally, due to the fact that the next time we…
Read MoreMy Mortgage Application. A visual book.
Equity. What’s that?
Have you heard someone ask “How much equity do you have?” and wondered what they were talking about. In relation to property, equity refers to the difference between the value of your property and the loan against it. For example. If your property is valued at $400,000 and you owe the bank $200,000 then it…
Read MoreAre 3 fixed rates at the bottom of the cycle?
Here at Smartline we have noticed an interesting pattern in one of our recent interest rate charts. This is slightly dangerous territory because the past is obviously not a prediction of future rate directions. However, this pattern does seem to apply at least since the beginning of 2009 (when we commenced this data series). The…
Read MoreGetting a pre-approval for your home loan
With the property market heating up and first home buyers and property investors competing for the same limited stock having your ducks all in a row has never been more important. So what does having all of your ducks in a row when in come to purchasing property actually mean. It means having your home…
Read MoreWill interest rates go lower?
As you have no doubt heard probably many times since Tuesday, the RBA has held the cash rate at 2.50% p.a. for a further month. What we are more interested in is where interest rates are heading from here? As on Tuesday, the ASX futures market was estimating that there may be one more cut…
Read MoreTo fix or not to fix my home loan?
To fix or not to fix, is a question that is increasingly being asked by investors and home owners attracted to the low fixed rate interest loans currently being advertised by banks and non bank lenders. Traditionally, a fixed rate loan offered limited flexibility. Many of the features which are standard on variable rate loans…
Read MoreWhen to buy an investment property
Most people in the home finance industry have previously considered 7.00% to be an unofficial tipping point when it comes to sparking the property industry into action. Since the early 90’s, sub 7.00% interest rates became synonymous with increased property market activity. Clearly that rule no longer applies. The last two years have seen our…
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