One of the most common questions we get is; how do I get a lower interest rate on my mortgage?
In this video, Liz Zaki will walk you through the 6 factors that help answer this question. There are 6 factors that govern how easy it is for you to get a lower interest rate on your mortgage. They all apply equally.
1 – Loan Purpose
Is the mortgage or home loan in question used for your primary place of residence? Or is it used for an investment property?Read More
More and more Australians are building wealth through the property. According to the Australian Taxation Office (ATO), there are over 1.7 million property investors in Australia. Just over 25% of these investors own more than one investment property.
The largest group of property investors are not high income earners as many may assume. The vast majority fall into the $30,000 to $75,000 p.a. income bracket.Read More
Borrowers are set to receive a boost to their borrowing capacity in the order of $80,000 to $100,000 thanks to a combination of changes to lending standards and interest rate cuts, new modelling shows.
Under the proposed relaxation of loan serviceability rules flagged by the Australian Prudential Regulation Authority (APRA) last week, borrowers will no longer be assessed to see if they can repay their loans against an interest rate of 7.25%.Read More