What is the fixed rate cliff and how can refinancing help?

What is the fixed rate cliff

You’ve probably heard the term “fixed rate cliff” bandied about in finance news feeds. But what is it? And if you’re about to head over it, how can you prepare for a soft landing? A staggering 880,000 fixed-rate loans are set to end this year, and when they do, many Australian households will be facing significantly […]

How To Prepare For a Fixed-Rate Mortgage Cliff

Do you have a fixed-rate mortgage contract that’s coming to an end soon? It can be a stressful time, particularly with rate rise news dominating the headlines. So today we’ve got some tips for a smooth transition. Like many Australians, you may have taken advantage of the interest rate good times by locking in a […]

Get A Financial Head Start On The School Year

Financial Head Start | Mike Mackenzie

Finding the financial head start on your finances can be a struggle. But the school holidays can offer the perfect time, especially for teachers. Get cracking on your financial to-do list these holidays by looking into refinancing your mortgage. Planning on giving your finances a boost by refinancing your mortgage? Well, you’re not alone. Following […]

Interest Rate Rises vs. Your Mortgage

Interest rates have increased again by 2.60%, another 25 points. How will this interest rate rise effect your mortgage repayments, and will it take effect immediately? It’s unbelievable that the cash rate increased from 0.10% at the start of May to 2.60% recently this month, making this the sixth month in a row where we […]

How Long Will It Take for an Interest Rate Rise to Kick in?

Household budgets around the country are feeling the brunt of five back-to-back rate hikes. And we’ve been warned more are on the way. But just how long does it take for each rate rise to impact your monthly mortgage repayments? As you’re probably aware, in early September the RBA raised the cash rate to 2.35%. […]

A swift guide to refinancing your home loan

Mike Mackenzie; Perth Mortgage Broker, talking diligently to a client about his loan options

What is refinancing? To put it simply… Refinancing is the process of taking out a new mortgage to repay an existing loan. You may decide to refinance if there has been a change in your personal or financial situation, or simply because you want a better deal on your home loan. Refinancing isn’t very different […]