Whether you’re an avid reader of finance news, or you just fancy a quick browse, take a look below as we bring you the latest industry updates.
Want to know what's happening in the world of home loans and finance? Here we talk about everything from changing economy rates, inflation, and interest, to government incentive schemes.
What's new in the world?
What’s in store for interest rates in 2025?
With the cash rate remaining steady at 4.35% for 12 consecutive months, the question on many homeowners' minds is: when will it start to fall?
Practical tips for saving a mortgage deposit
If you're looking to boost your home loan deposit, there are various methods you can put to use to maximise your savings. We've put together our top tips below to help you get mortgage ready.
What are non-genuine savings?
The term ‘non-genuine savings’ is commonly used in the context of home loan applications. It refers to funds that are not considered to be authentic savings by lenders.
Regulator targets people's borrowing capacity
Previously, the buffer was a minimum of 2.50 percentage points; now, APRA has told lenders to increase it to 3.00 percentage points.
Shopping on pay-later scheme can affect your home loan chances.
While both buy-now-pay-later services (BNPL) and credit cards have pros and cons, you might not realise that using them can affect your mortgage borrowing power.
Understanding your borrowing power
Borrowing the sum of money required for a home loan comes with a number of risks, so it’s essential that you undergo affordability checks to ensure you can confidently manage your repayments.
Prefer to keep reading?
Check out our library of expert advice articles for handy tips and tricks for navigating the world of mortgages.
