More than 23 lenders have now passed on a variable rate hike to borrowers after the Reserve Bank lifted the cash rate earlier in May. In the first official rate hike in more than 11 years, the RBA increased the cash rate from 0.10% to 0.35%.
A dream for most Australians is to own their own home. Not only is there a measure of security in bricks and mortar as an investment, but there’s a sense of stability, of permanency.
When you do not have a mortgage, it is easy to splash your cash on living it up. But did you know that your spending habits can influence how much lenders are willing to loan you?
