Home Loan Advice | The Edge Mortgages

Rates going up? Rates going down? Who really knows.

Bernadette Leahy, Authorised Credit Representative

Sep 3

Rates going up? Rates going down? Who really knows.

Truth be told it depends on the day. Anyone who has a mortgage is eagerly awaiting the green light that the banks have finally started to...

Copy of Copy of Rates going up? Rates going down? Who really knows.

Bernadette Leahy, Authorised Credit Representative

Sep 3

Copy of Copy of Rates going up? Rates going down? Who really knows.

Truth be told it depends on the day. Anyone who has a mortgage is eagerly awaiting the green light that the banks have finally started to...

Hold up! Don't do this if you want to get a home loan.

Bernadette Leahy, Authorised Credit Representative

Aug 14

Hold up! Don't do this if you want to get a home loan.

You've seen a credit card with a humungous amount of Qantas Frequent Flyer points on offer if you sign up. And boy are you tempted to...

So my job really matters? How it impacts you getting a loan.

Bernadette Leahy, Authorised Credit Representative

Jul 25

So my job really matters? How it impacts you getting a loan.

When it comes to your employment and applying for a home loan, the nature of your employment matters. Not necessarily the 'what' you do...

To offset or not to offset... that is the question

Bernadette Leahy, Authorised Credit Representative

Jul 15

To offset or not to offset... that is the question

One of the biggest decisions you will need to make in regards to your home loan is to whether to choose a home loan with - or without -...

Rates going up? Yikes. Tax breaks could help

Bernadette Leahy, Authorised Credit Representative

Jun 27

Rates going up? Yikes. Tax breaks could help

I think we all let out a big sigh of frustration after an inflation report yesterday came out higher than the previous month. That can't...

Your get out of jail free card - the finance approval date

Bernadette Leahy, Authorised Credit Representative

May 29

Your get out of jail free card - the finance approval date

In the fortunate position you could find yourself negotiating on a private sale to buy a home, rather than bidding at auction, there is...

Why has my borrowing power decreased so much in the past year?

Bernadette Leahy, Authorised Credit Representative

Apr 24

Why has my borrowing power decreased so much in the past year?

A little known fact. When you go for a home loan, the bank does not assess you at the rate for which you are applying. No. In fact,...

Is it a Good Idea to Purchase a Property with a Friend or Sibling?

Bernadette Leahy, Authorised Credit Representative

Apr 18

Is it a Good Idea to Purchase a Property with a Friend or Sibling?

Would you ever consider buying a property with a friend or sibling rather than a partner or flying solo? It is a question that some...

Geez why does this have to be so stressful?

Bernadette Leahy, Authorised Credit Representative

Mar 21

Geez why does this have to be so stressful?

You are not the first and sadly you won't be the last to feel quite stressed and at times, completely and utterly overwhelmed, when it...

3 Key Strategies for Using an Offset Account to pay off your home loan faster

Bernadette Leahy, Authorised Credit Representative

Mar 5

3 Key Strategies for Using an Offset Account to pay off your home loan faster

An offset account is a powerful tool to help home loan customers pay off their loan faster than they would otherwise. It can help you to...

Your Ultimate Guide to Buying a Property via Private Sale: 4 Crucial Must-Haves

Bernadette Leahy, Authorised Credit Representative

Feb 21

Your Ultimate Guide to Buying a Property via Private Sale: 4 Crucial Must-Haves

Making an offer on a property that is on the market via 'private sale' is very different than buying an auction. It is crucial that you...

How to nail your home loan preapproval the first time

Bernadette Leahy, Authorised Credit Representative

Jan 24

How to nail your home loan preapproval the first time

Everything you do before you apply for preapproval of your home loan matters. Everything. What you do before you actually apply, how you...

18,000 spots still up for grabs for first home buyers

Bernadette Leahy, Authorised Credit Representative

Jan 9

18,000 spots still up for grabs for first home buyers

The Federal Government still has 18,000 spaces available for eligible first home buyers under their First Home Buyer Guarantee Scheme,...

And so the banks have passed on the increase....

Bernadette Leahy, Authorised Credit Representative

Nov 9, 2023

And so the banks have passed on the increase....

For anyone who has a home loan, it is unlikely that it has escaped your attention that the RBA increased the official cash rate Melbourne...

First home buyers returning to the market? Now that's a good news story!

Bernadette Leahy, Authorised Credit Representative

Nov 3, 2023

First home buyers returning to the market? Now that's a good news story!

Hold up. Is that right that we are seeing First Home Buyers coming back into the market? With interest rates remaining persistently high...

Are the first home buyer schemes all they are cracked up to be?

Bernadette Leahy, Authorised Credit Representative

Oct 10, 2023

Are the first home buyer schemes all they are cracked up to be?

It has been reported that in the last 12 months for the financial year 2022 - 2023, nearly a third of all first home buyers took...

Bernadette Leahy, Authorised Credit Representative

Oct 3, 2023

It's a hold. No move on RBA cash rate.

The RBA has decided to keep the cash rate on hold for the fourth consecutive month, following today's meeting. With ongoing uncertainty...

RBA meets at 2:30pm today...will they increase or hold?

Bernadette Leahy, Authorised Credit Representative

Oct 3, 2023

RBA meets at 2:30pm today...will they increase or hold?

After three consecutive months where the RBA has left the official cash rate on hold, this afternoon's meeting becomes all the more...

What is your credit score? And why should you know what it is.

Bernadette Leahy, Authorised Credit Representative

Sep 7, 2023

What is your credit score? And why should you know what it is.

Whenever you apply for a loan, a bank completes a credit check to determine what your credit score is. Depending upon what your credit...

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