How does the RBA influence interest rates?
When you hear news of changing interest rates around Australia, you’ll also hear mention of the Reserve Bank of Australia (RBA). But how exactly do they influence interest rates and what’s the difference between the cash rate and interest rates? The Reserve Bank of Australia (RBA) The RBA is Australia’s central bank which oversees Australia’s […]
Breaking down loan to value ratios for first home buyers
Loan to Value Ratio (LVR) can help first home buyers borrow more money for a home loan. However, it’s important you understand what LVR is and how to calculate it correctly as it can affect your buying power. What is loan to value ratio? LVR compares the value of a property to the amount of […]
Options for first home buyers with no or a low deposit
While no deposit home loans can help first home buyers break into the property market, you should always do your research before taking out a loan to make sure it’s the right one for you. Generally, there is a very tight criteria to be eligible for a low or no deposit home loan and the […]