Archives for 2017

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...]

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...]

RBA Interest Rate Decision: November 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. Growth in housing debt has been outpacing the slow growth in household income for some time. To address the medium-term risks associated with high and rising household indebtedness, APRA has introduced a number of supervisory measures. Credit standards have been tightened in a way that has reduced the risk profile of borrowers. Housing market … [Read more...]

Have 10 minutes? That’s all you need to improve your finances

We completely understand you’re busy with life. There’s too much to do. Not enough time. You simply could not fit another thing in. But what if taking 10 minutes out of your day to gather a few bits of information - you can even have a cuppa at the same time - meant you could save money? What if spending 10 minutes answering a few questions about your financial situation meant you could take your family on a holiday this year? Or it allowed you to treat the kids (and yourself) to … [Read more...]

Switching from Interest Only to Principal & Interest Repayments can be a good move, especially if you’ve considered these things as part of your strategy

Choosing Interest Only over Principal & Interest repayments on your home loan used to be an easy decision. Interest Only repayments offered flexibility, the ability to pay your loan off on your own terms and you weren't charged a higher rate of interest for the privilege. If you’ve been keeping up with what’s been happening lately, you'd know the lending environment has significantly changed and Interest Only repayment loans aren't what they used to be. Lately we've been talking to … [Read more...]

Buy your first home without a large cash deposit. Here’s how you can do it too.

If you're having trouble saving enough money to buy your first home, maybe there's another way... You’ve been working for a while now and earn a good income. But between paying off your HELP debt, meeting your rent and having the odd weekend away (to attend yet another wedding), you’re finding it hard to save your house deposit. Everything you read says you’re supposed to have 20% deposit and as house prices continue to rise, with each passing month that elusive 20% target seems to get … [Read more...]

RBA Interest Rate Decision: October 2017

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's an extract of the Media Release issued by Phillip Lowe. Growth in housing debt has been outpacing the slow growth in household incomes for some time. To address the medium-term risks associated with high and rising household indebtedness, APRA has introduced a number of supervisory measures. Following some tightening in credit conditions, growth in borrowing by investors has slowed a little … [Read more...]