Fixed Interest Flatline

Enquiries for fixed interest rate mortgages have flat-lined since the Reserve Bank of Australia (RBA) lowered official interest rates to 3.5 per cent, says leading mortgage broker Loan market Priority Lending Corporate Spokesman Paul Smith said customer enquiries for fixed rate mortgages had fallen to around 15 per cent of total home loan enquiries since…

Details

Tips for New Home Buyers

Deposit – As a general rule, an owner occupier will require a minimum 5% of the property purchase price as a deposit. The bigger the deposit you can put together, the better as it reduces your home loan size and can eliminate the need to pay Lenders Mortgage Insurance (LMI). First Home Save Accounts – A first…

Details