Latest News from Mortgage Matters
What is Mortgage Insurance?
Today I am going to write a quick section with the intent of dispelling the fallacy that many people have about lenders mortgage insurance. You may have heard the term Lenders Mortgage Insurance (LMI) or even paid it yourself when taking out a loan at one stage or another – but do you actually know [...]
Fixed rates on the down low
In the last 2 weeks all major banks cut their fixed rates on standard lending products quite significantly (some by up to 0.6%!). This means the fixed rates on average are now lower than the discounted variable rates. Variable rates move up or down dependant on the RBA’s official cash rate. What does this mean [...]
Will they or won’t they? An Interest Rate Story
Unless you have been stuck under the covers the last couple of weeks, you would have seen the media frenzy surrounding the financial markets roller coaster that has hit both the local and international market. This in turn has led to a lot of speculation on whether the RBA “will or won’t” drop the cash [...]