A Mortgage Offset Account is a transaction or savings account linked to your home loan. The balance in this account is used to “offset” the amount you owe on your mortgage, reducing the interest you pay — without actually paying down your loan. How it works:If your mortgage is $500,000 and you have $50,000 in […]
What is a Mortgage Offset Account? Read More »
First-Time Home Buyer Guide Buying your first home is exciting, but it can also feel overwhelming. Understanding the key steps and options available can make the process smoother and more manageable. 1. Know Your BudgetStart by assessing your finances: income, savings, and existing debts. This helps you determine how much you can comfortably borrow and
FIRST-TIME HOME BUYER GUIDE Read More »
PLEASE READ THIS IF YOU HAVE A MORTGAGE: How are interest rates determined? The Reserve Bank of Australia (RBA) sets the official interest rate or ‘CASH RATE’ which takes into account a whole list of factors about how the economy is performing at that point in time. The RBA meets once a month to review
READ THIS IF YOU HAVE A MORTGAGE: Read More »
