With the current low interest rates, investors are reconsidering repaying their mortgages quicker and are now seeking investment alternatives. With the help of a case study, this article explores moving surplus cash flow into other wealth creation opportunities.
The Reserve Bank of Australia is widely tipped to reduce interest rates again to historic lows. Easton Wealth economist Emmanuel Calligeris explores the impact.
The world of lending has changed over past few years, with the Royal Commission findings and banks reducing the availability of funding. If saving money and reducing the amount you pay to the banks is important to you, it’s important to us.
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It’s a common misconception that mortgage offset accounts are loan products when in fact they are savings accounts sitting within a mortgage structure. If you’re not sure how mortgage offset accounts might benefit you – read on!
You’re moving into your new home; corks are popping and there are smiles all around – classic advertising that for many seems unattainable.
Although many Australians may want to bash the banks over tighter home lending criteria, it’s the bank regulator, the Australian Prudential Regulatory Authority (APRA) that has set these requirements to address the risks in the mortgage market. Low deposits were increasing the risks carried by lenders.
Interest Rates and Housing – Is there a relationship between interest rates and housing affordability?
It goes without saying that homebuyers love low interest rates. The lower the interest rate the less the mortgage repayments on a particular house, right?
Lower interest rates also mean borrowers can service a bigger loan. In a competitive housing market that can push up prices, as we have witnessed this past decade.
So what’s really going on? Have low interest rates been good or bad for homebuyers?