Family Guarantees

Did you know, your parents aren’t the only ones that can help you with a security guarantee? Most lenders that offer guarantor loans will accept the security of any close family members! What’s a family security guarantee? It allows a family member to act as guarantor and use a portion of their own home’s equity to help their loved ones, the borrower, to secure a home loan. This reduces the borrower’s loan to value ratio (LVR) so that you can secure better interest rates, and can help save you a significant amount of money by reducing or avoiding the need to pay Lender’s Mortgage Insurance (LMI).


Major Lenders Rate Matching

Contrary to cash rate rises, many major lenders are offering highly competitive variable rates to boost lending in a climate where new loan amounts are decreasing. Lenders are rate matching those with the most attractive rates, this is why it is valuable to have a mortgage broker that can pit banks against each other to secure the best rate in the market.


Fixed Rates & Budgeting

Due to the uncertainty of inflation and RBA cash rate increases, lenders are starting to slowly increase their fixed rates. There are still some attractive fixed rates and terms for those that value predictable mortgage repayments. Knowing what you’ll be paying into your mortgage each week/fortnight/month, can help with budgeting and you might be pleasantly surprised at the difference between the rate you’re on now, and the fixed rates available.

A ‘secret’ lender is offering $5k cashback and price matching the lowest rates


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Unpacking the 2023 Federal Budget

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The budget that was announced on Tuesday night brought several wins for low-income earners, JobSeeker recipients, aged care workers, childcare, small businesses, and renters. In this budget, the government introduced several incentives and investments to support...

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