Interest Only
Increase your repayments to save money on your home loan Do you want to save money on your home loan? When you take out a loan, banks are required to ensure you can still afford the repayments should interest rates increase. Currently when assessing your application, lenders are using a rate around 7.25%p.a. This is…
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Fixed Interest Rates – The Pros and Cons Interest rates are again at all time lows, so now may be the time to take advantage of some fantastic offers on Fixed Interest Rates. Before you do though, there are several ins and outs to know about ‘What is a fixed rate’ before committing. Most lenders…
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How Does an Offset Account Work? A lot of people ask “do you have an offset account?”, but the more common question asked is “how does an offset account work?” A lot of people are unsure of what an Offset Account is and how it works. Here’s an overview to explain it to you. …
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What is an Interest Only Home Loan? Interest only home loans and their restrictions are in the news a fair bit of late. I believe knowledge is power so here is my 5 minute guide on What is an interest only home loan; what they are, why the interest rate is higher and what to…
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What is a Comparison Rate? Do You Know What it Means? What is a comparison rate? Do you know? Don’t worry, you’re not alone. 3 out of 4 Australians don’t know what a comparison rate is* but for those with a home loan, it is something important to understand – so here is our explanation!…
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