Category: Refinancing

Is extending your home loan term the right choice?

If the November rate hike is putting a strain on your finances, considering an extension of your loan term could be a viable solution. This approach may alleviate the immediate financial burden by reducing monthly repayments. However, it’s essential to be mindful of the potential drawbacks that come with extending the mortgage term. Here’s a closer look at what factors to consider.

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Mortgage brokers settle a record 7 in 10 new home loans

Mortgage brokers have achieved an impressive milestone, assisting in the settlement of seven out of every ten new home loans. This achievement underscores the pivotal role mortgage brokers play in helping Australians fulfill their dreams of owning a home. It’s a testament to their effectiveness in facilitating the transition to the home of your dreams.

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