Tag: loan repayment planner
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Maximize Savings: Refinance Strategically with Lower LVR
Refinancing your home loan can be a savvy move to secure a better interest rate. One crucial factor to consider in this process is your loan-to-value ratio (LVR). Your LVR is the percentage of the property’s value that you need to borrow, with a lower LVR indicating a smaller loan amount relative to the property’s…
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Banks Cut Home Loan Rates After RBA’s Rate Reduction
After the Reserve Bank of Australia’s decision to cut the official cash rate by 0.25 percentage points, the big banks swiftly followed suit by reducing their variable home loan rates. With the official cash rate now at 3.85 per cent, borrowers are set to benefit from lower mortgage rates, making repayments more manageable. While some…