Do you have a fixed-rate mortgage contract that’s coming to an end soon? It can be a stressful time, particularly with rate rise news dominating the headlines. So today we’ve got some tips for a smooth transition. Like many Australians, you may have taken advantage of the interest rate good times by locking in a cracking rate. But as they say, all good things must come to an end. Indeed, the Reserve Bank of Australia (RBA) has estimated that 800,000 fixed-rate loans will end this year. If that includes your loan, below are some tips to help you navigate the transition

The Reserve Bank of Australia (RBA) has kicked off 2023 by increasing the cash rate a further 25 basis points to 3.35%. How much will this rate hike increase your mortgage repayments in 2023, and how high is the cash rate expected to go? This is the ninth rate hike by the RBA in as many meetings (since May 2022), and it takes the cash rate to its highest level since September 2012. RBA Governor Philip Lowe said in a statement that the RBA board expects that further increases in interest rates will be needed over the months ahead to ensure that inflation

The Reserve Bank of Australia (RBA) has driven the cash rate up by another 25 basis points to 3.10%. Find out how much this final cash rate hike of the year has increased your mortgage repayments in 2022, and what you can expect in 2023. The good news? This is it. You can head into the summer holidays knowing this is the last rate rise until at least February when the RBA board will meet again (thankfully they take January off!). The cash rate now sits at 3.10% following eight months of consecutive rate hikes. RBA Governor Philip Lowe said in

Inheritances can be a bittersweet part of life. But an inheritance alone won’t always cut it when applying for a home loan. Having genuine savings can help show lenders you’ve got what it takes to meet mortgage repayments. With many older Australians having accumulated a decent amount of wealth throughout their years, it’s not uncommon for some of their younger family members to receive a leg-up into the property market when they pass away. But an inheritance alone won’t always cut it to land a home loan. In addition, you may be expected to show proof of genuine savings. This

What’s more important: your new phone or your next home loan? Well, we were stunned to see a recent survey that showed Australians put more effort into researching phone plans than they did their home loan. Here’s how we can help you get the balance right. More than 70% of Australians say they’re more likely to spend time looking at options for phone and internet plans, car insurance and even electronics purchases, than researching a home loan – according to a recent Pepper Money survey. And look, we get it. Selfies, Netflix, Uber Eats, Instagram, Tinder … phones are pretty damn

Whether it’s your love life or your home loan application, no one likes getting rejected. There are many reasons why it could happen, and some can come as a big shock. So today we’ve outlined five surprising reasons to help you avoid home loan heartbreak. There are few words would-be home buyers dread more than: “your home loan application has been rejected”. It can feel like a real kick in the guts. And some of the reasons can be surprising. A rejected loan application can hold up your home-buying plans and could have a negative effect on your credit score.