How low can interest rates really go in Australia? Since the RBA October 2019’s rate cut to a new record low of 0.75%, first home buyers can now find more home loans with advertised rates below 3% on a variable…
Buying your first home can be exciting but also overwhelming for first home buyers – after all, it is probably the biggest buying decision you will be making in your life, thus far. This is where FHBA comes in! We…
Many aspiring first home buyers have different views on what the minimum deposit requirements are before they can successfully purchase their first home. Many believe that a minimum of 10% or 20% of the property purchase price is required in…
If you have decided to (or are planning to) start a family and you’d like to buy your first home, the last thing you want to worry about is whether or not a lender will give you a loan while…
We have noticed a lot of first home buyers are confused about how banks and smaller lenders determine exactly how much you can afford to borrow for your first home. Unfortunately, it isn’t quite as simple as looking at your…
The Shire of Moorabool is a local government area in Victoria, located in the western part of the state, approximately 55km’s from the Melbourne CBD. Moorabool Shire is a fast-growing regional area situated between Melbourne, Geelong and Ballarat. It offers…
The world is still digesting what a Trump US presidential election win means to the world and the world economy. But what has a Trump election win have to do with Australian interest rates on home loans? How will a…
FHBA Mortgage Broker Ray Simpson from Sydney provides an exclusive insight into how the banks maximise their profits at the expense of borrowers! Disclaimer: Please note our website, including this article, is in no shape or form designed to replace the…
So you think you’re ready to get your first home loan and you’ve heard (perhaps from a friend or a family member) that you should talk to a mortgage broker about financing your first home loan? Well you have heard right. A mortgage…
Yesterday the Reserve Bank of Australia (RBA) board decided to leave the cash rate on hold, at 1.75%. This follows their 0.25% cut in May from a previous cash rate of 2.00%. The RBA noted in their press release…