How Even Small Cash Rate Cuts Can Lead to Big Savings on Your Mortgage
How Even Small Cash Rate Cuts Can Lead to Big Savings on Your Mortgage The Reserve Bank of Australia’s recent decision to lower the cash rate to 4.10% might seem…
Think a Big Deposit Guarantees Loan Approval? Think Again
Understanding Loan Serviceability: Why a Deposit isn't Everything Many prospective borrowers are surprised when their loan application is rejected despite having a substantial deposit saved. While a healthy deposit is…
Management Rights Update November 2024
Management Rights update for November 2024.Red10 Finance overview of the current management rights industry is based on market research our own data and that of industry professionals.The Management Rights (MR)…
Understanding Offset Accounts: How They Really Work
Understanding Offset Accounts: How They Really Work One of the most misunderstood features of home loans is the offset account. While many borrowers know it can save them money, there's…
Will 2025 See a Drop in Australian Interest Rates?
What's happening with interest rates in Australia ?Interest rates in Australia are projected to remain relatively high through most of 2024, with the Reserve Bank of Australia (RBA) expected to…
Interest rates 2023
Interest rates 2023 - how high will they go ? The current interest rate rises that started in May 2022, came earlier than the Reserve Bank of Australia predicted. From…
Interest Only – Should you ?
Interest Only Loans - Why ? I will start this post with the disclaimer that none of this article is financial advice and does not take into account your personal…
Pick your team wisely
Borrowing money to purchase a management rights for sale has always been available from the bank’s, however, with the current Royal Commission into Banking and the QCAT ‘Gallery Vie’ decision,…