This article discusses the importance of understanding your home loan interest rates and how interest rate changes affect your mortgage. It includes a formula to calculate your home loan repayments and concludes with a recommendation to seek the assistance of a mortgage broker. – How interest rate changes affect your mortgage.
This article explains what the difference is between offset accounts and redraw facilities, concluding the use of offset accounts to be the better of the two. – Offset account vs redraw facility.
This article addresses potential financial stress caused by the expiry of the interest-only period of IO loans. It uses a case study to explain how these loans work when managed well and then provides some options for borrowers who might not be able to meet increased repayments when the IO period ends. – Managing the transition of your interest-only loan.
The Reserve Bank of Australia have been steadily increase the cash rate since the early half of 2022, but how high will these interest rates go and how quickly will we get there? – How high will interest rates go?