Have you been keen to refinance but told you can’t? You’re not alone. Many Australian households are currently locked into their home loans due to rising interest rates. But some banks have recently started to lower their serviceability thresholds. 

Mortgage serviceability can feel like a frustrating hurdle to clear. But it’s an important safeguard against borrowing too much, particularly in the current interest rate landscape. 

This article will provide valuable insights and step-by-step instructions to help you navigate the finance application process successfully, explicitly focusing on commercial and small business loans in Melbourne.

Despite the soaring cost of living and successive interest rate hikes, homebuying intentions have climbed, latest data shows. So why are so many people still chasing the great Australian dream? And what can you do to make your own dream a reality?

Drumroll … The RBA has hiked the official cash rate for the 12th time since April 2022, increasing it to 4.10%. How much will this increase your monthly repayments? And how long does Philip Lowe plan to keep marching to this beat?

At Aus Wealth, we believe that financial setbacks should never limit your opportunities for growth and improvement. Even if you have a bad credit score, you can still explore avenues to enhance your financial situation, starting with refinancing your home loan.