Posted in mortgage

As interest rates shift and the property market changes, your home loan shouldn’t be a set-and-forget commitment. Just like your financial goals, your mortgage needs can evolve, so it’s worth reviewing your loan regularly to make sure it still suits you.If it’s been a while since you last checked in, now is a great time for a quick home loan health check. What worked when you first bought your home may no longer be the most competitive or cost-effective option.A review can highlight whe...

After three interest rate cuts this year, the home loan landscape in Australia has shifted—and for many homeowners, that’s great news. With rates dropping and new opportunities emerging, now’s the time to explore whether refinancing could work in your favour. The right move could mean big savings and a more flexible loan setup. Reach out to us today to know your options.BOOK NOWMore Australians are refinancing their home loans, escaping what’s known as “mortgage prison” and findin...

Did you know that more than half of Australian mortgage holders could be losing thousands without even realising it?Recent research from Money.com.au shows that 57% of Australians have never checked if their offset account is correctly linked to their home loan. This simple oversight could cost borrowers over $111,000 in extra interest over a 30-year loan term on a $600,000 mortgage at 5.50%.What’s going on?Many homeowners assume their lender automatically links their offset account to thei...

If you're new to buying property, understanding your credit report is a crucial step in preparing for your home loan application. Think of it as your financial report card, it reflects how you manage debt and financial commitments, and lenders use it to assess your creditworthiness.Curious about your score?Reach out to us at FinancePath! We can check it for you and help you understand what it means for your borrowing potential.BOOK NOWWhat is a credit report?Your credit report is a d...

With interest rates on the way down, it's a fantastic time to think about jumping into the property market. But while buying your first home is super exciting, it can also be a bit of a minefield if you're not prepared.At FinancePath, we get it. Your first property, whether it's a cozy place to live or a smart investment, should help you build a stronger financial future. To help you out, we've put together a list of five common mistakes first-time buyers make and how you can steer clear of them....