<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1653223531561810&ev=PageView&noscript=1" />
MMO Team Photo
Home / 2016 / Archives for May 2016

Archives for May 2016

Things you can do NOW to pay off your home loan faster

With interest rates at record lows, NOW is the perfect time to focus on paying down your home loan. If you're serious about getting ahead on your mortgage, here are 5 things you can start doing right away. 1.  Secure the best rate you can Is your lender giving you the best deal they can?  How do you know?  The home loan market is fiercely competitive and if you established your mortgage a few years ago, there’s a good chance your current lender is offering a better deal to new clients and … [Read more...]

Tax time

With the end of the financial year fast approaching, here are a few tips for property investors to ensure you're ready for tax time. Make sure your records are in order If your property is managed by an agent, your property manager will generally keep track of expenses and send you a summary at the end of the financial year. However, if you manage the rental property yourself, make sure you keep proper records of any repairs/ expenses you have incurred over the last year.  For example, the … [Read more...]

Planning to Upgrade your home?

There are lots of things to think about when planning to upgrade your family home.   Below are just some of the questions we're frequently asked.   If you are looking for more info, you can find it in our popular Upgraders e-book.  It is FREE and available for you to download here.   1. How much do I need to save to purchase a new home? Generally, the more cash you have saved the better, as a large deposit can give you more options and potentially makes you a stronger borrower.  … [Read more...]

Interest Rate Update May 2016

Following Tuesday's announcement of a drop to the official cash rate, there's been lots of lenders announcing changes to their standard variable rates (SVR). NAB, CBA, Westpac, St George Bank and ING Direct have all announced they will reduce their SVR by 25 basis points, whilst ANZ will pass on 0.19 per cent reduction to its variable rate loans. If you want to make the most of the lower rates to get ahead on your home loan, please give us a call.       … [Read more...]

RBA Interest Rate Decision – May 2016

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.75 per cent. Here's part of the statement issued by Glenn Stevens, Governor: Monetary Policy Decision. ... In Australia, the available information suggests that the economy is continuing to rebalance following the mining investment boom. GDP growth picked up over 2015, particularly in the second half of the year, and the labour market improved. Indications are that growth is continuing in 2016, though … [Read more...]

Award Winning Mortgage Professionals

MO'R MORTGAGE OPTIONS