Articles Archives - Page 2 of 33 - MO'R MORTGAGE OPTIONS

RBA cuts the cash rate to 3.60%

Last month, the RBA defied market expectations by keeping the cash rate unchanged. However, this month on 12 August, they announced a cash rate reduction in an attempt to ease cost-of-living pressures on Australian families. The statement released by RBA Governor Michele Bullock announced a unanimous decision from the Board to reduce the cash rate by 25 basis points, down to 3.60%. Underlying inflation has continued to decline towards the midpoint of the RBA's 2-3% target range, prompting … [Read more...]

How do I buy a property?

You've found a property that ticks all the boxes and seems to be within your budget... exciting times! So what happens next? How do you actually buy a property? Here we explain the steps involved in making an offer, so you can increase your chances of making this property yours! Most of us only buy property a few times in our lives, if we're lucky. So if you're a first time home buyer - or someone who purchased a property several years ago - chances are you might not know how to … [Read more...]

Has your borrowing capacity increased in 2025?

It’s been a busy year on the money front. We've seen tax cuts, rate cuts, and reductions in HECS debts which have all been positives for our financial wellbeing. (Also, there's changes on the way for the First Home Guarantee Scheme too!) But that's not all that’s improved. There’s a decent chance these factors have helped to boost your borrowing power, which makes now a good time to revisit your borrowing capacity. What shapes your borrowing power? Your borrowing power, or … [Read more...]

How could new BNPL regulations affect your ability to get a home loan?

How could new BNPL Regulations Affect Your ability to get a home loan? From 10 June 2025, significant changes have come into effect for Buy Now, Pay Later (BNPL) services in Australia. Previously BNPL services were able to operate outside the National Consumer Credit Protection (NCCP) Act, but are now subject to the same regulations as credit cards and personal loans. The changes are designed to enhance consumer protection and ensure responsible lending practices, which is a positive move. … [Read more...]

Interest rates may have fallen, but repayments seem to be on hold.

If you're a homeowner, 2025 is already looking a little friendlier year (maybe?!) than the rollercoaster that was 2024. We’ve already had two Reserve Bank rate cuts so far this year, and there's chatter from economists that more could be on the way. This is good news if you too have been feeling the pinch of increased living costs. Despite homeowners wanting more funds left in their pockets at the end of each month, plenty of Aussies have chosen (so far) to keep their repayments right … [Read more...]

Common mistakes for first-time homebuyers. Are you making them?

What are some common mistakes first-time homebuyers make? As a first home buyer, you’ve got quite a lot on your plate. You’re trying to understand your finance options, stay on top of all the new listings, attend as many opens as you can, all whilst managing an already packed work-life schedule. If you don’t have the right support as a first home buyer, it’s easy to make mistakes. Here are the most common mistakes made by first home buyers, so you can be sure to avoid them. 1. Not Getting … [Read more...]

What is Equity? Do you have any? And how could you use it?

If you own property, you may have encountered the term "equity." Here we explain what it is, how to calculate it, and what it can be used for. What is Equity? Equity is the difference between the current market value of your home and the outstanding balance of your mortgage. Essentially, it represents the portion of your property that you truly own. Over time, equity typically increases as your property appreciates in value and as you pay down your mortgage. How much Equity do you … [Read more...]

Refinancing your Home Loan: Is It Worth It?

Whilst the Reserve Bank of Australian (RBA) left rates on hold earlier this month, homeowners haven’t let that stop them from securing better rates. Increasing numbers of borrowers are taking action themselves to secure a lower rate by refinancing. Are you thinking of refinancing too? As we talked about here, February's 0.25 rate cut provided some much-welcome relief to home owners across the country. The rate drop boosted consumer sentiment around household finances, which is … [Read more...]

Finally, an interest rate cut!

After speculation for so long, the Reserve Bank of Australia today cut the cash rate by 25 basis points to 4.10%. What does this mean for you and your loan? This is the first rate cut we've seen in 4 years. The last time the Reserve Bank of Australia (RBA) cut the cash rate, it was Nov 2020 and we were in the midst of a COVID-19 outbreak. Since then, we've seen 13 rate hikes - each one an attempt by the RBA to curb inflation. Today we feel a little relieved. (What about you?!) We … [Read more...]

This has helped 200,000 Australians buy a home. Can it help you too?

If you’re looking to purchase your first home, you'll want to understand how the Home Guarantee Scheme works because it might just help you purchase your first home sooner than you thought possible. We all know that saving 20% cash deposit to buy your first home isn’t easy, and often takes a bit of time. According to recent data from CoreLogic, the average time it takes for a first home buyer to save a deposit is now 10.6 years. The First Home Guarantee Scheme (HGS) can help you reduce … [Read more...]