The Hidden Risks of Unsolicited Property Investment Calls: Tax Promises and More
We’ve recently noticed a concerning trend among our clients: an increase in unsolicited calls from property advisors. These advisors propose tapping into your home equity for property investments and dangle…
Why BNPL will Soon be Regulated like Loan Products
The federal government will legislate to increase regulation for the buy-now-pay-later (BNPL) sector after a review found it was posing a growing danger to consumers. Minister for Financial Services Stephen…
Are Pre-approvals Worthwhile in A Changing-rate Environment?
With the uncertainty around the future of interest rates – whether they will keep increasing or have reached their peak – we are regularly asked about limitations around pre-approvals and…
Australians set $19.9bn refinancing record
If you’ve been hearing lots of stories about people refinancing their home loans in search of lower interest rates, there’s a very good reason. Refinancing is at record levels, according…
5 reasons you may be able to get a lower interest rate
Reserve Bank of Australia (RBA) has chosen to move the cash rate to 4.10%. With the cash rate increasing by 4% since May 2022, many households have felt the pinch…
How to refinance in a declining market
With interest rates rising, it’s important to make sure your mortgage rate is still competitive – which is why so many Australians are refinancing right now. However, home loan refinancing…
More than Two-thirds of Borrowers are Now Using Brokers
Australians turned to mortgage brokers in record numbers during the June 2022 quarter. Research group Comparator found brokers originated 68% of new home loans in the June quarter, compared to…
Key Tips for Buying, Selling and Borrowing in the Current Market
With property prices declining in many parts of the country, and many people’s borrowing capacity falling as well, this is a different market than we’ve seen in many years. So…
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…
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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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Using Home Equity in Australia: What It Is and How It Works
Home equity is often the single biggest financial asset most Australian homeowners have, and it can be used in genuinely different ways depending on your stage of life. For some,…
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Conveyancing and Settlement in Queensland: What Buyers Need to Know
Conveyancing is the legal process that actually transfers a property from seller to buyer, and in Queensland it works differently to most other states. Understanding how it fits together, and…
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Property Valuation and Appraisal: What Brisbane Buyers Need to Know
If you’ve ever wondered why a bank’s valuation of your property doesn’t match what you paid for it, or what a real estate agent’s appraisal is actually worth, you’re not…
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