Most Australians review their mobile phone plan more often than their home loan. That is a problem. Because a home loan that was competitive 2–3 years ago may now be: Refinancing is not just about chasing a lower interest rate. Done properly, refinancing can improve: The key is knowing when refinancing actually makes sense – […]
Tag: home loan borrowing power
How Much Can I Borrow? Understanding the 28/36 Rule in Australia
One of the first questions Australians ask before buying property is: “How much can I actually borrow?” Most people assume the answer depends only on income. It doesn’t. Lenders assess: That is why two people earning the same salary can end up with completely different borrowing capacities. One of the most common lending benchmarks used […]