At So Money, we champion self-employed Australians, offering residential and commercial loans to those often overlooked by traditional banks.
Interest Rate Cut: What It Means for Homeowners and Borrowers Understanding the implications of the interest rate cut is essential for homeowners and potential buyers alike. With rates at a historic low, it's an opportune time to evaluate you ...
As Australian households navigate the challenges of rising living costs and fluctuating financial landscapes, a glimmer of hope appears on the horizon for mortgage holders. Major banks, including ANZ and the Commonwealth Bank, predict that the Reser ...
The New South Wales government has launched a parliamentary inquiry into the retrospective application of payroll tax laws, a move that has sparked widespread concern among businesses, including licensed mortgage brokers. This inquiry aims to ad ...
In a pivotal move for Australia’s housing and lending sectors, the Australian Prudential Regulation Authority (APRA) recently reaffirmed its decision to maintain the home loan serviceability buffer at 3 percentage points above current interest rates ...
Cash Rate vs. Interest Rate: Understanding the Differences and How the RBA Controls Them When it comes to managing your finances, understanding the relationship between the cash rate and interest rates is crucial. These two terms are often mentio ...
1. Pre-qualify The principal aspect you need to know before you begin searching for a house is the amount you can spend. There is no point taking a gander at million-dollar houses on whereas you can just bear the cost of half of it. Get an e ...
A mortgage is a type of loan that is used to purchase a property, typically a home. The borrower (also known as the mortgagor) makes regular payments to the lender (also known as the mortgagee) over a set period of time, usually 15 to 30 years. Here ...
Getting pre-approved for a mortgage is an important step in the homebuying process. Here are the steps to get pre-approved for a mortgage in Australia: Check your credit score: Your credit score is an important factor in getting pre-approved for a ...
In Australia, there are several types of mortgages available, and choosing the right one depends on your financial situation, goals, and preferences. Here are some of the most common types of mortgages: Variable rate mortgage: This is a type of mo ...
A non-bank lender is a financial institution that offers loan products but does not have a full banking license. Unlike traditional banks, non-bank lenders do not take deposits from customers. Instead, they typically obtain their funding from wholesa ...