Reserve Bank of Australia (RBA) have again decided to lower the cash rate by 25 basis points to 1.50 per cent, effective as of today 3 August 2013. The major banks have quickly responded to RBA’s rate cut but have only reduced the interest rate between 0.10% to 0.14% so far. How To Get Discounted Interest Rate Luckily, as premium mortgage brokers with many lenders, Mortgage Corp can negotiate some very ...
How To Finance For Your Home Renovations
Have you been meaning to get that new kitchen or extension to spruce up (and add value) to your home but you’re simply short of funds? If your savings or extra repayments in your mortgage offset account aren’t enough to cover the cost of a major renovation – don’t fear, there’s another option available to you. Refinance your home for renovations Many banks are happy to refinance your mortgage for ...
Why Use A Non-Bank Lender?
Many people are familiar with the big four banks’ names and tend to prefer them when applying for loans for their home or investment properties. But if you talk to an experienced mortgage broker such as a Mortgage Corp broker, he/she will normally check out the non bank lenders and find out what they can offer. And some of these non bank lenders are now ranked up with the big four banks on products ...
5 Simple And Quick Ways To Reduce Your Mortgage
Wouldn’t it be nice to be debt-free so you can sit back and RELAX? It obviously won’t happen overnight but there are actually some very simple things you can do YOURSELF to reduce your mortgage. 1.Pay off ‘bad debt’ FIRST! By ‘bad debt’ I mean debt that you can’t deduct for tax such as personal and car loans, credit cards and your owner-occupied home loan. It’s generally recommended that bad debt is ...