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mick@mfhomeloans.com.au

 

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179 Lakes Bld
Wooloweyah NSW 2464

 

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June 2022

Financial hardship arrangement reporting is about to change

30/06/2022
With interest rates on the way back up, there's no doubt some households around the country are starting to do it a bit tough. Coincidentally, some big changes kick in on July 1 when it comes to...

Want a first home buyer scheme spot? Here’s how to get the inside lane

23/06/2022
We're just days away from 35,000 first home buyer scheme spots becoming available on July 1. If you're keen to snare a place in the scheme - and buy your first home sooner - here's how to get ahead...

No more Mr Nice Guy: the ATO wants its money

16/06/2022
Tax time is just around the corner and the ATO has sent out a warning to businesses around the country that owe it money: the COVID-19 moratorium on debt collection has come to an end. Rest assured th...

Refinancing numbers are surging across the country, here’s why

16/06/2022
Rising interest rates got you feeling a little vulnerable? It might be time to take some control back by refinancing or asking for a rate review. Here's why we're seeing refinancing numbers surge acro...

RBA increases cash rate for second consecutive month, to 0.85percent

07/06/2022
The Reserve Bank of Australia (RBA) has increased the official cash rate by 50 basis points to 0.85%. How much extra should you expect to pay on your home loan?   Today's cash rate hike is the...

Banks tighten lending, reducing the maximum you can borrow

02/06/2022
Some of Australia's biggest banks have tightened their mortgage lending criteria, meaning you might not be able to borrow as much from them. How might this affect your next purchase?   This week...