Avoid these 5 offset account mistakes
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Avoid these 5 offset account mistakes

Common offset account mistakes I see Being a mortgage broker since 2008 has given me insights and experience too valuable to keep to myself. Offset accounts are common loan feature for Australian borrowers. Used correctly, they can be a powerful tool to offset home loan interest—and accelerate your home loan pay off trajectory. I am…

Serviceability | The hidden home loan calculation explained
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Serviceability | The hidden home loan calculation explained

What is serviceability? Serviceability, an essential part of the home loan approval process, is a lender-specific calculation of borrower capacity to repay a proposed home loan. Lenders apply their own policy standards against your income, expenses, and debt obligations to calculate how much cash is available for the new home loan repayments. Importantly, just because…