Category: Senior Refinancing

A cashback offered by banks has been an attractive incentive for refinancing. However, as some banks phase out these cashback offers, it’s necessary for people to understand the importance of refinancing and the benefits it can provide, even without cashbacks. In this article, we will delve into: Why was the Cashback Retracted? The end of … Continued

Selling your investments in relation to an outstanding mortgage can offer various potential benefits, which depend on your unique circumstances and financial objectives. In today’s economic landscape, seniors in Australia often find themselves considering various options to manage their finances effectively. One such option is selling investments to pay off a mortgage. While this strategy … Continued

If you’re nearing retirement and still have a mortgage, refinancing can help you save money on interest payments and potentially reduce your monthly payments. As retirement approaches, many seniors are faced with the challenge of managing their finances and ensuring that they have enough income to support their lifestyle. One strategy that can help seniors … Continued

Paying off your mortgage sooner is critical because the longer you put off repayments, the more you’ll end up paying as interest continues to accrue on your outstanding loan balance. Also, if you get rid of your debt faster, there’s a chance to improve your retirement and overall financial freedom. When it comes to mortgage … Continued

What is mortgage stress, and how can you conquer it without losing your home? As the Reserve Bank of Australia (RBA) are signalling that interest rates are expected to rise in the near future, many banks and home loan providers have started to change their own fixed rates with a rise by around 20 to … Continued

While it seems like a hassle, it remains true that refinancing your home loan is one of the better options to get the best deal. Many people have been refinancing which was driven by the record low interest rates and property boom in 2021. PEXA reported that Australians were refinancing their homes at record rates, … Continued

This is perhaps the best time to look at your financial situation and act to pay off your mortgage faster. In Australia, interest rates are at an all-time low. The quicker you pay your home loan, the faster you’ll be debt-free as you enjoy your retirement. Consider the following as a guide on where to … Continued