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The RBA has cut the cash rate four times this year, easing pressure for homebuyers and homeowners. Lower rates may reduce mortgage repayments and overall loan costs. Learn how recent rate cuts could impact your current home loan and what they mean for your financial future.
Interest rates play a significant role when you take out a loan as they affect your repayment amount and the total of your mortgage. It’s important to understand what it is and how it affects your home loan overall.
When looking to purchase your first property, one of the most important factors to consider will be what kind of home loan you decide to choose. Educating yourself on the different kinds of available home loans and their features will help to make the decision-making process a lot easier.
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