Refinance Archives

Residential

13 Dec 2024

Offset v Redraw

Offset Account vs Redraw Feature: Which is Better for You? If you're a homeowner in Australia, you’ve likely come across the terms "offset account" and "redraw facility" while exploring ways to manage your mortgage. Both are powerful tools for reducing the interest you pay on…

Campbell Gordon

Residential

14 May 2020

Thinking of major renovations or a new build?

What is a construction loan? A construction loan is a loan from a bank which allows you to either build a new home or complete a major renovation on an existing home. The main differences between an ordinary home loan and a construction loan are,…

Campbell Gordon

Residential

14 May 2020

Should I pay a rate lock fee for my fixed rate loan?

What is a fixed rate lock? When taking out a fixed rate loan, it is important to understand that the fixed interest rate is set on the day of drawdown / settlement, not necessarily the advertised rate when you apply for the loan. In some…

Campbell Gordon

Residential

24 May 2019

APRA releases shackles on mortgage prisoners

Read on to understand what a relaxation in lending standards could do for new and existing borrowers. After the tightening of lending standards over the past 12 months, it looks like things are loosening which will provide a big boost for, potential borrowers looking to…

Campbell Gordon

Residential

11 Sep 2018

Homebuyers and investors ask: “Is this as good as it gets?…”

Every time the news comes on lately, the story for homebuyers and investors seems to worsen; stories of banks ripping customers off and of tighter lending controls installed as a result of investigations into banking practices. Tightened lending controls mean most people can’t borrow as…

Campbell Gordon