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Interest Only (IO) loans let borrowers pay just the interest on their loan for a certain time, usually a few years. This means they aren't reducing the amount they borrowed during this period. Monthly payments are lower initially, but eventually, they'll need to start paying down the full loan amount. These loans are common if you’re expecting income rise or plan to sell the property before having to start paying off the principal or to manage cashflows in the short-term. Read our related articles: https://bit.ly/3vTIpTu to know how we can help you achieve your homeownership goals.   Still not convinced? call us at 0405 593 807 to book a consultation today. For more assistance, schedule an appointment at https://lnkd.in/gBykhsFe We're here to support you every step of the way! #homeequityloan #nfinityfinancials #bestmortgagebroker #mortgagebrokerinaustralia #mortgagebrokersydney #realestateinvesting #InvestmentTips #strategy #australianproperty #investmentproperty #mortgagebroker #mortgage #sydney #mortgageoptions #nfinityfinancials #firsthomebuyer #mortgagenews #askparagdixit Nfinity Financials  

Interest Only (IO) loans let borrowers pay just the interest on their loan for a certain time, usually a few years. This means they aren't reducing the amount they borrowed during this period. Monthly payments are lower initially, but eventually, they'll need to start paying down the full loan amount. These loans are common if you’re expecting an income rise or plan to sell the property before having to start paying off the principal or to manage cashflows in the short term. Read our related articles: https://bit.ly/3vTIpTu to know how we can help you achieve your homeownership goals. Still not convinced?  Call us at 0410 965 939 to book a consultation today. For more assistance, schedule an appointment at https://lnkd.in/gqwxnbjH We're here to support you every step of the way! #homeequityloan #nfinityfinancials #bestmortgagebroker #mortgagebrokerinaustralia #mortgagebrokersydney #realestateinvesting #InvestmentTips #strategy #australianproperty #investmentproperty #mortgagebroker #mortgage #sydney #mortgageoptions #nfinityfinancials #firsthomebuyer #investmentproperty #askmuditkhandelwal Nfinity Financials  

🏔 One-in-three of borrowers are still to face the mortgage cliff 🏔⁣ ⁣ It’s not over just yet...⁣ ⁣ Over one-third of the low-rate fixed loans from 2022 will roll over to variable rates this year, says the RBA. 😮⁣ ⁣ If that sounds like you, it might be time to start planning ahead.⁣ ⁣ ✅ Know how your repayments could change: we can explain likely loan repayments after your fixed-rate period ends.⁣ ✅ Give your budget an overhaul: cutting back on non-essentials can free up extra cash and help build a buffer.⁣ ✅ Skip loyalty tax: many lenders offer attractive rates to new customers. Refinancing could help you save with a lower rate.⁣ ✅ Last but not least, talk to us: we can help you prepare for the end of your fixed-rate home loan.⁣ ⁣ To find out more, DM us or contact Alecto Finance at: 📞 1300 386 348 💻 contactus@alectofinance.com.au #alectofinance #mortgagebroking #homeowner #investment #property #mortgagebroker #mortgage #homeloan #loan #firsthome #refinance #investors #broker #melbourne #melbourneproperty #melbournerealestate #melbournemortgagebroker #melbournebroker #melbourneloans #melbournefinance #melbournelocal #melbournecbd #victoria #victoriaproperty #victoriarealestate #businessloans #assetfinance

🏔 One-in-three of borrowers are still to face the mortgage cliff 🏔⁣ ⁣ It’s not over just yet...⁣ ⁣ Over one-third of the low-rate fixed loans from 2022 will roll over to variable rates this year, says the RBA. 😮⁣ ⁣ If that sounds like you, it might be time to start planning ahead.⁣ ⁣ ✅ Know how your repayments could change: we can explain likely loan repayments after your fixed-rate period ends.⁣ ✅ Give your budget an overhaul: cutting back on non-essentials can free up extra cash and help build a buffer.⁣ ✅ Skip loyalty tax: many lenders offer attractive rates to new customers. Refinancing could help you save with a lower rate.⁣ ✅ Last but not least, talk to us: we can help you prepare for the end of your fixed-rate home loan.⁣ ⁣ To find out more, DM us or contact Adam on: ☎️ – (07) 5504 4325 💻 – adam@exactly.loans #exactlyloans #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #maroochydore #sunshinecoast #sunshinecoastproperty #sunshinecoastrealestate #sunshinecoastmortgagebroker #sunshinecoastfinance #sunshinecoastbroker #sunshinecoastloans #sunshinecoastlocal #qld #qldbroker #qldproperty #qldrealestate

📉 How the cash rate impacts your home loan 📈⁣ ⁣ Why do RBA rate decisions attract so much attention? 🚨⁣ ⁣ Because they shape the home loan rates we pay. ⁣ ⁣ Think of it this way. 🧐⁣ ⁣ The cash rate is the interest rate banks pay when they borrow from each other, something they do surprisingly often, sometimes daily.⁣ ⁣ Banks can also borrow funds from the RBA at a little above the cash rate. ⁣ ⁣ If a lender has to pay the cash rate to borrow money, it’s a no-brainer they’re going to charge a higher rate to consumers. 🙃⁣ ⁣ It’s how banks make money.⁣ ⁣ That’s why if the cash rate rises, your variable home loan rate usually rises too. 📈⁣ ⁣ Like to know if you’re paying a competitive rate? Call us today for a a loan health check. 👇⁣ ⁣ To find out more, DM us or contact Soraya on: ☎ – 0412 383 300 💻 – soraya@nashifinance.com.au #nashifinance #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #perth #perthfinance #perthmortgagebroker #perthhomeloans #perthrealestate #perthproperty #osbornepark #osborneparkproperty #osborneparkrealestate #westernaustralia #westernaustraliaproperty #westernaustraliarealestate #westernaustraliabroker #westernaustraliafinance #westernaustralialoans

🏔 One-in-three of borrowers are still to face the mortgage cliff 🏔⁣ ⁣ It’s not over just yet...⁣ ⁣ Over one-third of the low-rate fixed loans from 2022 will roll over to variable rates this year, says the RBA. 😮⁣ ⁣ If that sounds like you, it might be time to start planning ahead.⁣ ⁣ ✅ Know how your repayments could change: we can explain likely loan repayments after your fixed-rate period ends.⁣ ✅ Give your budget an overhaul: cutting back on non-essentials can free up extra cash and help build a buffer.⁣ ✅ Skip loyalty tax: many lenders offer attractive rates to new customers. Refinancing could help you save with a lower rate.⁣ ✅ Last but not least, talk to us: we can help you prepare for the end of your fixed-rate home loan.⁣ ⁣ To find out more, DM or contact your MyFinCoach on: ☎ – 0403 500 608 💻 – info@myfincoach.com.au #myfincoach #brokersworkforyou #investment #property #mortgagebroker #homeloan #refinance #investors #firsthomebuyers #sydneyproperty #sydneymortgagebroker #sydneyloans #sydneyfinance #newsouthwalesproperty #newsouthwalesrealestate #newsouthwalesbroker #nsw #nswproperty #nswrealestate #nswbroker #finance #financebroker #localmortgagebroker #loan #firsthome #howtorefinance #howtobuyahome #smsfloans #carfinance #assetfinance

📈 Offset accounts have hit new highs 📈⁣⁣ ⁣⁣ Somehow, it turns out not everyone is scratching for cash right now.⁣⁣ ⁣⁣ Many home owners have money stashed away in their home loan offset accounts. 😮⁣⁣ ⁣⁣ There’s a record $265 billion tucked into offset accounts around the country, according to APRA quarterly data.⁣⁣ ⁣⁣ And it’s seeing borrowers save around $1.4 billion in monthly interest charges (RateCity estimate).⁣⁣ ⁣⁣ Trouble is, offsets aren’t suitable for everyone. 🤔⁣⁣ ⁣⁣ They don't work with fixed-rate home loans (unless you split it half-half with variable), and they tend to work best if you have big savings.⁣⁣ ⁣⁣ Could it be right for you though? Call us today to find out. 👇⁣⁣ ⁣⁣ To find out more, DM us or contact Alecto Finance at: 📞 1300 386 348 💻 contactus@alectofinance.com.au #alectofinance #mortgagebroking #homeowner #investment #property #mortgagebroker #mortgage #homeloan #loan #firsthome #refinance #investors #broker #melbourne #melbourneproperty #melbournerealestate #melbournemortgagebroker #melbournebroker #melbourneloans #melbournefinance #melbournelocal #melbournecbd #victoria #victoriaproperty #victoriarealestate #businessloans #assetfinance

🏔 One-in-three of borrowers are still to face the mortgage cliff 🏔⁣ ⁣ It’s not over just yet...⁣ ⁣ Over one-third of the low-rate fixed loans from 2022 will roll over to variable rates this year, says the RBA. 😮⁣ ⁣ If that sounds like you, it might be time to start planning ahead.⁣ ⁣ ✅ Know how your repayments could change: we can explain likely loan repayments after your fixed-rate period ends.⁣ ✅ Give your budget an overhaul: cutting back on non-essentials can free up extra cash and help build a buffer.⁣ ✅ Skip loyalty tax: many lenders offer attractive rates to new customers. Refinancing could help you save with a lower rate.⁣ ✅ Last but not least, talk to us: we can help you prepare for the end of your fixed-rate home loan.⁣ ⁣ To find out more, DM or contact Index Finance on: ☎ – 08 9467 4188 💻 – admin@indexfinance.net.au #indexfinance #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #perth #perthfinance #perthmortgagebroker #perthhomeloans #perthrealestate #perthproperty #osbornepark #osborneparkproperty #osborneparkrealestate #westernaustralia #westernaustraliaproperty #westernaustraliarealestate #westernaustraliabroker #westernaustraliafinance #westernaustralialoans

🏔 One-in-three of borrowers are still to face the mortgage cliff 🏔⁣ ⁣ It’s not over just yet...⁣ ⁣ Over one-third of the low-rate fixed loans from 2022 will roll over to variable rates this year, says the RBA. 😮⁣ ⁣ If that sounds like you, it might be time to start planning ahead.⁣ ⁣ ✅ Know how your repayments could change: we can explain likely loan repayments after your fixed-rate period ends.⁣ ✅ Give your budget an overhaul: cutting back on non-essentials can free up extra cash and help build a buffer.⁣ ✅ Skip loyalty tax: many lenders offer attractive rates to new customers. Refinancing could help you save with a lower rate.⁣ ✅ Last but not least, talk to us: we can help you prepare for the end of your fixed-rate home loan.⁣ ⁣ To find out more, DM us or contact With Pride Finance on: ☎ – 0432 011 930 💻 – yukti@withpridefinance.com.au #withpridefinance #FemaleBroker #refinance #Queerfinance #womenleaders #womeninbusiness #womeninfinnace #Reservoir #Ressa #Ressadent #MID #MIDChamberofcommerce #RWPS #mummaknowsnorth #Darebin #prestonrealestate #northcoterealestate #thornburyrealestate #investment #property #mortgagebroker #mortgage #homeloan #investors #firsthomebuyers #melbournefinance #melbournemortgagebroker #melbournehomeloans #victoriaproperty #victoriabroker

📉 How the cash rate impacts your home loan 📈⁣ ⁣ Why do RBA rate decisions attract so much attention? 🚨⁣ ⁣ Because they shape the home loan rates we pay. ⁣ ⁣ Think of it this way. 🧐⁣ ⁣ The cash rate is the interest rate banks pay when they borrow from each other, something they do surprisingly often, sometimes daily.⁣ ⁣ Banks can also borrow funds from the RBA at a little above the cash rate. ⁣ ⁣ If a lender has to pay the cash rate to borrow money, it’s a no-brainer they’re going to charge a higher rate to consumers. 🙃⁣ ⁣ It’s how banks make money.⁣ ⁣ That’s why if the cash rate rises, your variable home loan rate usually rises too. 📈⁣ ⁣ Like to know if you’re paying a competitive rate? Call us today for a a loan health check. 👇⁣ ⁣ To find out more, DM us or contact Front Row Financial on: ☎ – (07) 3162 0046 💻 – enquiries@frontrowfinancial.com.au #frontrowfinanical #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #brisbane #brisbaneproperty #brisbanerealestate #brisbanemortgagebroker #brisbanefinance #brisbanebroker #brisbaneloans #brisbanelocal #qld #qldbroker #qldproperty #qldrealestate