Goodbye winter and the cold weather and bring on the warm sunny days. Welcome to Spring 2022 and this month’s newsletter. This month’s newsletter is about Buy Now, Pay Later (BNPL) services which has seen a major change to how many of us shop. Over the past two years the BNPL sector has enjoyed a…
Hi and welcome to this month’s Dominion Finance newsletter Here we are in August on the downhill slopes of winter, surely the warm weather cannot be too far away. The Reserve Bank raised the cash rate another 50 basis points today, and along with inflation at 6.1% it feels like we are going to be…
Why pay off a mortgage early? One of the most common reasons to pay your home loan off early is to reduce the total cost of your mortgage. For every extra dollar you pay in advance, is a dollar that will not accrue additional interest, ultimately, keeping your overall loan term down and saving you…
Happy New Financial Year ! Dominion Finance Celebrates, This July we celebrate the 20th anniversary of Dominion Finance. Suzanne and Melita started Dominion Finance in July 2002 after working together at NAB and Bendigo Bank where they both realised, they could offer clients a better service and loan offerings as mortgage brokers. This was a brave…
Welcome to the winter of 2022, a new season of change. Not only a change of season, but also change of government, changes to the cost of groceries and fuel, plus a change to prices in the housing market. Just like the outside temperature the housing market is losing all its heat that it has…
Refinancing your home can be a great way to lower your monthly repayments, access additional loan features and help you pay your home loan off sooner. As your circumstances and life continually changes, it is essential that your home loan continues to meet your needs. Even if you have only had a home loan for…
Welcome to this month’s Dominion Finance newsletter. For the first time in twelve years the interest rates are increasing and because of this many of our clients will not have seen this before. Similar to when rates dropped, your lender will advise you what their increase will be and when it will become effective.…
Everything you need to know about the Federal Budgets Home Loan Schemes. Tuesday night’s Federal Budget saw the expansion of the Home Guarantee Scheme. The Home Guarantee Scheme will allow tens of thousands more aspiring homeowners to purchase a property without having to save a 20% deposit or take out lenders mortgage insurance. The…
Welcome to this month’s newsletter for March 2022. We thought this was going to be the year of getting back to normal after fires, floods, and pandemics and we could move on with hope and joy for the future. Then someone has to got and upset the applecart which sends Europe to the brink of…
What is a mortgage broker? A mortgage broker is a third-party intermediary who will act on your behalf to arrange your home loan application. Rather than directly working with a bank or financial institution, a mortgage broker is able to work with a variety of lenders to find the best home loan that suits…