Personal Finance Articles

They say what goes up, must come down.

But does what goes down, have to come up? Well, the big banks think so – and sooner than many expect.

Today we’ll look at how much extra an average new mortgage holder might expect to pay each month if the cash rate returns to mid-2019 levels 👇

While most Australians dream of owning their own home, the majority of hopeful homeowners admit they don’t fully understand how home loans or mortgage rates work.

That’s why we make it our mission to enlighten you during your home buying journey.

With interest rates at record low levels, we’ve seen a big increase in homeowners wanting to refinance this year.

So this week we’ll look at some of ASIC’s top tips for refinancing, plus some of our own for good measure!

The COVID-19 loan deferral program and credit reporting amnesty is now over, which means banks will report any late repayments on mortgage or small business loans to credit agencies unless you’ve entered into a hardship arrangement.

If you think you might be financially impacted by the end of JobKeeper, then check out our latest article on how to avoid late repayments being recorded up on your credit file.