RBA Holds Rates: Relief or Warning?
RBA Holds Rates: Relief or Warning? | Stellar Finance Group So the reserve bank has left the intrests rates on hold but for how long expert’s has warned that the reserve bank decisions to keep interest rates on hold on Tuesday was not a sign that future hikes are not on the horizon but it […]
Mortgage Hacks: Offset Accounts Explained
Mortgage Hacks: Offset Accounts Explained! | Stellar Finance Group Unlock the secret to paying off your mortgage sooner with an offset account! In this video, we’ll dive deep into how offset accounts work in Australia and how they can help you save thousands in interest payments over the life of your home loan. Learn the […]
Top Tips to Keep Your Mortgage Pre-Approval Secure
Top Tips to Keep Your Mortgage Pre-Approval Secure | Stellar Finance Group Avoid these to keep that pre-approval intact Firstly, don’t go out and buy a new car or other big-ticket items. This can increase your debt-to-income ratio, which can make you look riskier to lenders and jeopardize your pre-approval. Secondly, avoid changing jobs or […]
RBA Warns of Record-High Mortgage Strain in 2024
RBA Warns of Record-High Mortgage Strain in 2024 | Stellar Finance Group In the latest statement on monetary policy in August of 2023 the reserve bank of Australia projected that the scheduled mortgage will increase to historically high of approximately 9.8% of households disposable income by end of 2023 moreover the RBA has said that […]
Essential Tips: What to Avoid Before Applying for a Mortgage
Essential Tips: What to Avoid Before Applying for a Mortgage | Stellar Finance Group Before you apply for a mortgage there are certain things you should avoid doing first try not to gather a lot of debt also it’s a good idea not to quit your job or change jobs right before applying don’t make […]
Unlock First Home Buyer Benefits in Australia with Savvy Finance Group
Unlock First Home Buyer Benefits in Australia with Savvy Finance Group | Stellar Finance Group As a first home buyer in Australia you can enjoy various benefits like stamp duty exemption and various first home buyers grants these benefits apply when ylu purchase a property for personal resident not for investment purpose now to make […]
Buy Your First Home with 5% Deposit: 4 Easy Steps!
Buy Your First Home with 5% Deposit: 4 Easy Steps! | Stellar Finance Group Hey in this video im gonna show you how to buy your first home with a just 5% deposit in 4 simple steps Step 1 save up an 5% deposit and extra 4000$ for miscellaneous cost and fees Step 2 reserve […]
Know Your Borrowing Power: Start Here!
Know Your Borrowing Power: Start Here! | Stellar Finance Group If you earn 60,000$ per year and your partner makes 80,000$ per year let’s say you have 5,000$ credit card debt with monthly living expenses of around let’s say 3,000$ excluding rent you can borrow between 680,000$ to 730,000$ from your bank for your first […]
Buy Your First Home Without a 20% Deposit: Smart Strategies
Buy Your First Home Without a 20% Deposit: Smart Strategies | Stellar Finance Group Guess what you don not need a 20% deposit to buy your first home and even your next home the fact is the majority of first home buyers do not have a 20% deposit plus cost it’s actually extremely rare so […]
In today’s economic climate of rising living costs
In today’s economic climate of rising living costs | Stellar Finance Group In today’s economic climate of rising living costs and financial uncertainty, educating homebuyers through mortgage brokers is key to ensuring more people have the opportunity to achieve financial well-being through homeownership. Equipped with the necessary tools and resources, mortgage brokers are increasingly seen […]