Mortgage for gig workers, casuals
By Graeme Salt Gig economy and casual employees can still get a mortgage – if they know where to go. Two surveys show how jobs have changed – with significant implications for getting a mortgage. In the past, banks have struggled to lend to would-be borrowers in more precarious positions such as these. But increasingly, […]
Why first timers may be wise buying a place – even as prices rise
Would-be first-time buyers are caught between a rock and hard place – either they buy at exalted prices, or they remain as tenants and pay exorbitant rents. The first-time buyer market is turbo-charged due to government incentives that only seem to benefit sellers. Yet, with rents also increasing dramatically, would-be buyers may still be best […]
Why You Can Still Get a Rate Cut—Even if the Reserve Bank Holds Steady
Are you assuming your mortgage rate is set in stone just because the Reserve Bank of Australia is holding rates steady? Think again! In today’s competitive lending landscape, banks are vying for your business with enticing offers and discounts. You could save thousands simply by shopping around or negotiating with your current lender. For instance, a homeowner with a $500,000 mortgage could save over $1,800 annually by switching from a 6.20% to a 5.69% (Comparison rate). Don’t miss out on potential savings—discover how a quick call to your mortgage broker could unlock a better deal for you!