Interest only mortgages are a type of loan where borrowers only make interest payments for a specified period. This lowers monthly payments, which may help you in the short term, but doesn't contribute to the principal, extending your loan in the long term. If you're weighing up an interest only loan, make sure to chat to Cam and the Loan Market Central team today.

Offset Mortgages are a type of home loan that links a savings account to the mortgage balance, reducing the interest charged. The savings balance is "offset" against the outstanding mortgage, resulting in lower interest payments. There are certain pro's to offset mortgages, but they are not for everyone so contact Cam Marcoft today to see if this could be right for you.

Revolving credit facilities are flexible lines of credit with a predetermined limit. Borrowers can access and repay funds as needed, making it convenient for managing cash flow fluctuations. They provide financial flexibility, offer quick access to funds, and allow borrowers to pay interest only on the amount utilized. But they are not for everyone, so chat to Cam and the Loan Market Central team to learn whether a revolving credit facility may be right for you. 

When choosing a rate, important factors to consider are the interest rate, repayment terms, and potential fees. When your fixed rate expires, you can explore options like refinancing, negotiating a new rate, or switching to a variable rate. Chat to Cam today to have your financial situation assessed compare offers and create a plan.

To mitigate risk, banks use stress tests when assessing loans to evaluate the borrower's ability to withstand financial challenges. These tests simulate adverse scenarios like economic downturns or interest rate hikes to determine if the borrower can still meet loan obligations. Learn more in this video 

Acting like you're paying a mortgage, even when you're not, fosters financial discipline and shows the bank you are able to make consistent repayments. Contact Cam today to learn more.