Understanding home loans can leave homeowners hesitant to explore potentially significant financial advantages. At Finance First, your Rockhampton mortgage broker, we're here to guide you through the process. We speak your language and are committed to busting those myths to work closely with you to find the most suitable solution…
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Feeling the pressure from your current home loan rates? Rest assured, you're not alone. As of March 2024, the average interest rates were recorded at 6.82% p.a. for variable rates, 6.48% p.a. for one-year fixed rates, and 6.37% p.a. for two-year fixed rates. Many homeowners are finding themselves tied to…
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The dynamic subject of refinancing frequently comes to the fore. It is important to proceed cautiously when refinancing if you are looking to link your current loans or intend to get a better offer. When done wisely, refinancing can result in significant savings. But if you make common mistakes, it…
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When considering a home mortgage, there are several choices to evaluate based on your financial capacity and individual requirements. Two primary options are the Principal & Interest mortgage and the Interest-only mortgage. It's essential to thoroughly understand the implications of the Interest-only mortgage to ensure it aligns with your long-term…
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This comprehensive guide will help you navigate the world of home loans in Australia and make informed decisions to secure your dream home. Chapter 1: Types of Home Loans Before diving into the process, it's essential to know your options. Variable-Rate Loans: These loans offer flexibility with interest rates that…
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Are you confident that your current home loan is still the best fit for you? It's important to remember that circumstances change and what worked for you a few years ago might not be the optimal choice anymore. For example, interest rates may have fluctuated since you first acquired your…
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As interest rates continue to rise, more and more Australians are on the lookout for a better deal on their home loans. Refinancing their mortgages is becoming an increasingly popular option. In 2022, the Reserve Bank of Australia started to raise rates from record lows, and this led to a…
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Refinancing your home loan can be a smart financial move, but it is important to approach it with caution. It is a complex process that involves many variables, and making mistakes can be costly. In this article, we will discuss seven common mistakes to avoid when refinancing your home loan.…
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It may be an admirable trait in personal relationships, but in financial matters, loyalty can come at a cost. Sticking with the same loan longer than three years can cost borrowers thousands, with competition to win business resulting in new customers paying lower rates than existing ones. This so-called loyalty…
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Getting the itch to fix? Choosing the right time to lock in an interest rate can be tricky. In the past year interest rates on fixed-rate loans have plummeted to all-time lows, prompting many borrowers to ask whether it's time to lock in a rate. If you're thinking about it,…
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