Welcome to this month’s Dominion Finance newsletter. For the first time in twelve years the interest rates are increasing and because of this many of our clients will not have seen this before. Similar to when rates dropped, your lender will advise you what their increase will be and when it will become effective.…
Everything you need to know about the Federal Budgets Home Loan Schemes. Tuesday night’s Federal Budget saw the expansion of the Home Guarantee Scheme. The Home Guarantee Scheme will allow tens of thousands more aspiring homeowners to purchase a property without having to save a 20% deposit or take out lenders mortgage insurance. The…
Welcome to this month’s newsletter for March 2022. We thought this was going to be the year of getting back to normal after fires, floods, and pandemics and we could move on with hope and joy for the future. Then someone has to got and upset the applecart which sends Europe to the brink of…
What is a mortgage broker? A mortgage broker is a third-party intermediary who will act on your behalf to arrange your home loan application. Rather than directly working with a bank or financial institution, a mortgage broker is able to work with a variety of lenders to find the best home loan that suits…
Welcome to this month’s newsletter and hopefully the end to all the lockdowns. It is so enjoyable to be out and about, mask free outside, and starting to see a light at the end of the COVID-19 tunnel. It is going to be interesting to see how we commence our lives “living with Covid”. What…
October is Breast Cancer Awareness Month and as Dominion Finance is a female operated business this is a cause that is very important to us. According to the Breast Cancer Network Australia, there will be 20,030 women diagnosed with breast cancer in 2021. That is an average of 48 people a day. These are all…
It’s been a tough month and our hearts are with Sydney and Melbourne and now South eastern Queensland over this very difficult time. In the midst of a cold wet winter, it all seems a bit glum. Though when life gives you lemons or in our case record house prices it is worth looking for…
ME Bank has been in the news a lot this week after they reduced the available redraw on some of their customers home loans. This has created some confusion of how redraw facilities work. Here is a simple explanation of the difference between a redraw facility and an offset account. Redraw lets you access extra…
This is now the soundtrack to our lives, we look at graphs of lines heading up and now flattening, we keep track of infection numbers, we wait for restrictions to ease, and we look on in wonder as others flout the “rules”, and world leaders seem to provide more uncertainty than surety. Although we have…
It has a been a summer for many that we are happy to have behind us and move on to happier times. That being said, there is the threat of the Coronavirus pandemic that could have further implications for all of us. The stock market has taken a big hit due to the uncertainty created by…