Why Your Borrowing Capacity has Fallen and What to do About it
Over the past six months, the average person’s borrowing capacity has fallen by about 25%. That’s because the maximum amount a typical person can borrow falls by about 5% every…
Regional First Home Buyer Guarantee goes live
The federal government’s first home buyer support package for regional Australians has been launched, as of October 1. Here are the key details of the Regional First Home Buyer…
The ins and outs of pre-approvals
Getting pre-approval for your home loan can give you an understanding of your borrowing power and confidence your lender is satisfied with your preliminary application. It means it is time…
Interest Rate Surprise: Some Fixed Loans Getting Reduced Rates
With the focus on rate rises, you might not have noticed that some lenders have reduced rates on fixed-rate loans. Variable rates are likely to continue to rise in…
When is a good time to refinance your home loan?
Many homeowners set up their home loan repayments to automatically be debited from their account – knowing they are slowly chipping away at their debt without needing to put much…
Positive and Negative Gearing: Pros and Cons
If you invest in property, it could be positively or negatively geared. And it has nothing to do with mechanics or engineering. It refers to whether the income you receive…
Guarantor Home Loan – How do They Work?
A guarantor could enable you to purchase a property sooner and potentially save thousands of dollars A guarantor may use the equity in their home as security, allowing you to…
Rate Lock: How Does it Work?
You’ve found the property. Your broker has helped you find the right loan with a competitive interest rate and all the features you want. You’ve completed the application and now…
Cash Rate Rise: What Does it Mean for You?
The Reserve Bank of Australia (RBA) today announced the cash rate increased from a record-low 0.1% to 0.35%. This is the first time the RBA made a change to the…
How Does the Annual Budget Affect You?
The 2021-22 budget has now been released. There’s a lot of talk and we want to help break down the key initiatives targeting home ownership which could help you get…
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MC Mortgages was established with one clear goal: to be more than just brokers. With this compelling vision in mind, we have created a brokerage that is focused on looking beyond the customer’s initial request and taking a holistic approach to all their needs.
Recent Articles
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Help to Buy vs the 5% Deposit Scheme vs a Guarantor, Which Fits You?
Help to Buy vs the 5% Deposit Scheme vs a guarantor in Queensland. Compare deposits, income caps, price caps and lender access.
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Contractor, FIFO and Shift Worker Home Loans
How lenders assess a contractor home loan, FIFO roster pay and shift work income in Queensland. Documents, history rules and what changes the answer.
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Off-Market Property Brisbane: How Off-Market Sales Work for Buyers
Off-market means a property sells without a public listing. How it works in Brisbane: agent networks, price discovery risk, lender valuation and finance.
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