With interest rates on the rise, many homeowners are feeling the pressure on their finances. Over the previous two years, we have enjoyed ultra-low interest rates. As we haven’t had a cash rate hike since November 2010, these increases may be scary, particularly for new borrowers, however, the current cash rate is nothing extraordinary. That…
Welcome Welcome Welcome to 2023 Holidays and summer fun times are over, and it is back to work, and for the Reserve Bank that can only mean one thing…rates are on the way up once more. No doubt they saw our spending over the Black Friday, Boxing Day, and January sales and thought they need…
When it comes to applying for a home loan, your borrowing power is an important consideration. This refers to the amount of money a lender is willing to loan you based on your financial situation. Many factors can influence your borrowing power, including your credit score, income, and debts. In this blog, we will look…