Are you prepared for a rate rise?
If the cash rate increases, it's important to know how your finances could be affected. Checking you are on the right loan is a good place to start.
If the cash rate increases, it's important to know how your finances could be affected. Checking you are on the right loan is a good place to start.
When banks assess your loan application, they add an extra amount to your market mortgage rate, known as a serviceability buffer.