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Q&A Video: Why do you need a Pre-Approval in place before house-hunting?

Why do you need a Pre-Approval before you start house-hunting? Watch our short video to find out You can find more detail on the benefits of a Pre-Approval here. … [Read more...]

RBA Interest Rate Decision – April 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's part of the Media Release issued by Phillip Lowe. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth. Globally, inflation … [Read more...]

What does, “Do your research!” actually mean when you’re trying to buy a house?

When you’re looking for a new home to buy, everyone always says, ‘Do your research!’ But what does that actually mean?! Let’s assume you’ve already done your research on the finance side of things and spoken to us about your options. You know how much you can comfortably borrow and have a pre-approval in place.  You’re ready to go house hunting. It’s now time to do some property market research! We’re all different when it comes to how much property research we want to undertake before … [Read more...]

How do regulatory changes in lending affect me as a borrower?

If you’ve worked for any Government Department over the last few years, you would be very familiar with the phrase, “change is the only constant.” Your Department’s probably merged with another, your area has moved to another section and perhaps despite the changes, you’re now back to exactly where you started – performing the same role as before. Boy do we know what that’s like. Over the last few years, the lending industry has seen unprecedented changes and with the Royal Commission into … [Read more...]

Q&A Video: Can you buy your first home without a large cash deposit? (Yes, you can!)

 Are you eager to buy your first home, but finding it hard to save a large cash deposit? There might be a few other ways you can get into your first home. Find out more in this video. … [Read more...]

RBA Interest Rate Decision – March 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's part of the Media Release issued by Phillip Lowe. The Bank's central forecast is for the Australian economy to grow faster in 2018 than it did in 2017. Business conditions are positive and non-mining business investment is increasing. Higher levels of public infrastructure investment are also supporting the economy. Further growth in exports is expected after temporary weakness at the end of … [Read more...]

MMO named one of Australia’s “Top 25 Brokerages” in 2018 (The Adviser Magazine)

We're so excited to share the news!  MMO has been recognised as one of the top brokerages in Australia, securing a place in The Adviser’s "Top 25 Brokerages" ranking 2018. The Top 25 Brokerages ranking was revealed in the February 2018 edition of The Adviser, an industry publication for Australian mortgage and finance brokers. MMO was named #17 in "The Top 25 Mortgage Brokerages" ranking. This is the SECOND time we've been recognised as one of the best teams in the country!! We were the … [Read more...]

Let’s talk about home loan interest rates – What are they doing?

There’s been a lot of media commentary lately around the movement of interest rates. Are they going up?  When are they likely to go up? How much will they go up by? Whilst it’s difficult to accurately predict exactly what rates are going to do, there are a few tools we use to help us determine the likelihood of certain rate scenarios playing out. We want to share them with you here. Cash Rate Futures Yield Curve To get an idea of what's happening with interest rates, we like to keep an … [Read more...]

So you have the land, now how do you pay for the house?

So you’ve managed to buy a nice block of land at a fair price – Congratulations! Now comes the exciting part – building your dream home! We’re going to skip over the fun part where you where you look at display homes, decide on a plan (or come up with your own), find a builder, plan the landscaping, get the site surveyed and soil tested, research tap wear and tiles, weigh up the pros and cons of an indoor herb garden, consider heating and cooling options, check out window treatments, select … [Read more...]

RBA Interest Rate Decision – February 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's part of the Media Release issued by Phillip Lowe. Inflation is low, with both CPI and underlying inflation running a little below 2 per cent. Inflation is likely to remain low for some time, reflecting low growth in labour costs and strong competition in retailing. A gradual pick-up in inflation is, however, expected as the economy strengthens. The central forecast is for CPI inflation to be a … [Read more...]

Forget carpooling. Here’s how to really save money this year.

With so many tips being shared on 'how to save money in 2018' (tips that don't go anywhere near your home loan, mind you - which is generally your biggest monthly expense), we wanted to create our own list. Here are 17 ways you can save money in 2018, that don't involve carpooling or cutting down coffee consumption. Give us a call ;) Set up an extra direct debit pay day to pay a little more into your loan – every little bit helps. Make sure all your income is being paid into an … [Read more...]

Delaying a review of your home loans is costing you money. Stop putting it off!

We all put off the things we need to do. Reaching out to that person we haven’t spoken to in ages. Weeding the garden. Finding ways to save money. Yep, we’re guilty of it too (at least the first two anyway)! There’s always a stack of articles floating around this time of year ‘revealing’ the best ways to save money. Surprisingly though, 'reviewing your home loans' hardly ever makes the list. This makes absolutely no sense to us! The latest Census data revealed Canberrans spend almost … [Read more...]

Looking for a vehicle lease or equipment finance?

If you're a business owner looking to buy a new car, implement the latest technology or upgrade some machinery, we can help! There are also certain situations where we can assist PAYG employees with vehicle purchases too. Just give us a call. Not only can we help you access competitive finance solutions, but we're happy to review any quote you've already received to make sure you're getting a good deal. What can we offer? Competitive rates on vehicle and equipment finance Quick, … [Read more...]

Brendan O’Reilly is one of Australia’s, “Top 30 Brokers Under 30” in 2017 (The Adviser Magazine)

    Brendan O'Reilly has done it again!    Brendan was named as one of the top young mortgage professionals in Australia, securing 16th position in The Adviser Magazine’s, ‘Top 30 Brokers under 30" list for 2017. This is the FIFTH year Brendan's been recognised as one of the best in the business. We could not be more thrilled to celebrate this amazing achievement. If you're looking to improve your financial position this year (hint: a quick and easy way to do … [Read more...]

Short on time? Don’t worry! That’s exactly why you should speak to us.

Life just seems to be getting busier, doesn't it? There’s always an email to reply to, a job that needs doing or somewhere we were supposed to be… 5 minutes ago. It's not surprising that the things we should be doing more regularly – like checking up on our home loans – don’t quite happen as often as they should. We know you don’t have lots of spare time. And we suspect that you'd prefer to spend the time you do have, doing ANYTHING OTHER than talking to multiple lenders, doing paperwork … [Read more...]

Video: 2017 – A Year in Review

How did you spend your 2017? What are your plans for 2018? Maybe we can help!   MMO Canberra Home & Investment Loans. 2017: A Year in Review … [Read more...]

Q&A Video: Variable Rate home loans – When are they a good idea?

When are Variable Rate home loans a good idea? Watch this short video to find out. … [Read more...]

RBA Interest Rate Decision: December 2017

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's part of the Media Release issued by Phillip Lowe. Recent data suggest that the Australian economy grew at around its trend rate over the year to the September quarter. The central forecast is for GDP growth to average around 3 per cent over the next few years. Business conditions are positive and capacity utilisation has increased. The outlook for non-mining business investment has improved … [Read more...]

Going, Going, Gone. Your guide to buying Canberra property at Auction.

You've found a property you like and it's being sold at auction. You're super excited because you've been looking at houses for ages and finally(!) something ticks all the boxes. The problem is, you're a little nervous because your previous experience with auctions consists entirely of ebay purchases.... But you really  like the house, so it's time to get up to speed with property auctions. We've compiled a list of things to do before (and on) the day of Auction to help ease your stress … [Read more...]

Q&A Video: Fixed Rate home loans – When are they a good idea?

When are Fixed Rate home loans a good idea?  Watch this short video to find out. … [Read more...]

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