Hughes Financial in Springwood, New South Wales | Mortgage brokers

Hughes Financial

Locality: Springwood, New South Wales

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25.01.2022 As the majority of industry participants expected, the RBA today left the cash rate target unchanged at 1.00%.

24.01.2022 And the RBA has just announced it will leave the cash rate at 1.50% again this month. http://www.rba.gov.au/media-releases/2018/mr-18-14.html

23.01.2022 Well many people thought the RBA may drop rates today, but they didnt, so cash rate target is still at 1.50%. There is talk of a cut in the next couple of months though.

22.01.2022 The RBA has just announced they will keep interest rates on hold this month.

21.01.2022 And the RBA has again left interest rates unchanged today at 1.50%.

21.01.2022 The Reserve Bank has today left interest rates unchanged, as many expected. https://www.rba.gov.au/media-releases/2020/mr-20-15.html

20.01.2022 And the Reserve Bank has dropped interest rates today by 0.25%, to 0.50%, primarily as a result of economic risks associated with the coronavirus.

20.01.2022 As expected, the RBA has today left interest rates unchanged.

20.01.2022 As most industry participants expected, the Reserve Bank today left interest rates unchanged at 0.25%.

19.01.2022 The RBA has today again left interest rates unchanged. https://www.rba.gov.au/media-releases/2020/mr-20-18.html

19.01.2022 The first RBA meeting of the year and they have decided to leave interest rates unchanged at 1.50%.

19.01.2022 The RBA has left interest rates on hold today at 0.25%. https://www.rba.gov.au/media-releases/2020/mr-20-20.html

18.01.2022 Once again, the RBA has left the cash rate unchanged at 1.50%. http://www.rba.gov.au/media-releases/2018/mr-18-16.html

18.01.2022 The RBA has today left interest rates unchanged at 1.50%. http://www.rba.gov.au/media-releases/2018/mr-18-17.html

18.01.2022 At one stage there was a reasonable chance of a rate cut today, however the RBA has decided to leave the cash rate unchanged.

16.01.2022 The RBA has again left the cash rate target unchanged at 1.50%. Can you believe it has been unchanged since August 2016! So long ago :-) !!

15.01.2022 Most lenders will allow income from a 2nd job to be used in servicing. Some may only take 80% of this income though, and some may require you to have been in the 2nd job for at least 6 months, or at least 12 months.

15.01.2022 RBA announces emergency rate cut of 0.25%, taking the cash rate to 0.25%. https://www.rba.gov.au/media-releases/2020/mr-20-08.html

14.01.2022 And the RBA has finally cut interest rates, by 25bp, so the new cash rate target is 1.25%. This is the first move since 2/8/16.

13.01.2022 Whilst some lenders do not accept probation, many lenders can accept it. There may be some added criteria such as the LVR (Loan-to-Value Ratio) needing to be under 80%, or that at least half the probation period must be completed, or perhaps having a minimum of 2yrs in the same occupation / industry. Even if a lender may accept probation, you need to be comfortable that you could continue making your mortgage repayments if your employer terminated your employment before the end of the probation period, eg by quickly finding alternative employment.

13.01.2022 Lenders will generally accept 80% of your overtime income, however some lenders will accept 100% if you work in emergency services. They will generally look at the last 3 months, however some lenders look at the last 6 or 12 months.

13.01.2022 Most lenders will use 100% of your casual income, however they will generally need you to have been with your current employer for at least 6 months, and some require 12 months.

11.01.2022 As expected, the RBA has today left interest rates on hold. https://www.rba.gov.au/media-releases/2019/mr-19-33.html

11.01.2022 Most lenders will allow bonuses to be used in servicing, and will generally take 80%, however some only take 50%. Most lenders will generally take the lower of the last 2 years bonus payments.

10.01.2022 To use your commission income in servicing, lenders will generally require you to have been receiving it for at least the last 6 months, and preferably consistently. Some lenders even look at the last 2 yrs history.

10.01.2022 The RBA has today left the cash rate target unchanged at 0.25%. The full release can be read below: https://www.rba.gov.au/media-releases/2020/mr-20-11.html

09.01.2022 There are a wide range of Allowances that lenders will allow to be used in servicing, provided it can be demonstrated that they are fixed and regular. Some lenders will only take 80% of the allowance, however several will take 100%, particularly if youre in an emergency services industry, or essential services such as health care.

09.01.2022 Yes, this may come as a shock to you, but the RBA has today left the Cash Rate unchanged at 1.50%.

07.01.2022 The RBA continues to drop interest rates, dropping the cash rate target today to 1.00%.

07.01.2022 A lot of lenders require you to be in your current job for at least 6 months. Some lenders may only need 3 months, or even less than 3 months if you meet certain criteria such as size of deposit and length of time in your occupation/industry.

06.01.2022 After 2 consecutive months of rate drops, the RBA has today left the cash rate target unchanged, at 1.00%.

06.01.2022 Wow, another rate drop! The RBA Cash Rate Target is now 0.75%.

04.01.2022 Although some market participants were expecting a drop in interest rates today, the RBA has left interest rates unchanged. https://www.rba.gov.au/media-releases/2020/mr-20-24.html

04.01.2022 The RBA has again left interest rates unchanged today at 0.75%.

04.01.2022 Yep, you guessed it, the RBA has again left interest rates on hold today.

04.01.2022 So although the RBA has held the cash rate steady since August 2016, the lenders have, well, been less shy about moving rates. If youve had your current home loan for more than 2 yrs and havent compared your interest rate to the market in this time then it is quite possible your rate is no longer competitive. We can help you with this.

04.01.2022 The RBA has left the cash rate target unchanged, at 1.50%, at its monthly meeting today.

04.01.2022 View from our office window! I wish!!

03.01.2022 Redraws, Offsets, what does it all mean? Check out our website for some quick explanations of some typical loan features. http://www.hughesfinancial.com.au/typical-loan-features/