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Understanding the Difference Between Cash Rate and Interest Rates
30 April 2025
When following financial news or reviewing your home loan, you’ll frequently encounter two key terms: the cash rate and interest rates. While interconnected, these rates play distinct roles in Australia’s financial system. Understanding their differences helps explain why your mortgage repayments might change even when the official rate stays steady. The Role of
Read moreWhy a Good Credit Score Matters
23 April 2025
Your credit score plays a crucial role in securing a home loan, influencing both your approval chances and the interest rate you’ll pay. This three-digit number, typically ranging from 0 to 1000 in Australia, gives lenders insight into your financial reliability. A strong score of 700 or above can open
Read moreWhat is Lender Mortgage Insurance?
16 April 2025
Lender’s Mortgage Insurance (LMI) is a type of insurance that protects the lender in the event that a borrower defaults on their home loan. In Australia, LMI is commonly required by lenders when a borrower is seeking to borrow more than 80% of the property’s value, known as the loan-to-value
Read moreWhat’s the Difference Between Variable vs Fixed Rate Mortgages?
9 April 2025
Choosing the right home loan is one of the most important financial decisions you’ll make—and the type of interest rate you select can have a big impact on your repayments and long-term costs. The two main options are variable-rate and fixed-rate mortgages, each with its own pros and cons. Here’s a breakdown of how
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