For most of us, our mortgage is our biggest financial burden - and one that’ll be with us for decades. However, it’s important to remember that the life of a home loan doesn’t need to be as long as the contract suggests; you’re free to pay it off faster and take that financial load off your shoulders sooner.

Refinancing your home loan has the potential to save you thousands, reduce your monthly repayments and free up your finances to achieve your goals.

Borrowing money may be a key strategy in building a stronger financial future, as we progress through our lives and careers.

It’s the questions on everybody’s mind – What will the property market look like post-COVID? The short answer is woeful for the short-term. However, long term analysis points to an eventual recovery, unfortunately it’s almost impossible to put a finger on the ‘when’.

As the Australian economy gets back to normal on the back of the COVID-19 enforced shutdowns easing, borrowers are sitting in an enviable position. If you’ve already got a home loan, then you should consider refinancing, to take advantage of the revised low cash rate and to make sure you’re getting the very best deal you possibly can.

With mortgage rates at their lowest since the days of black and white TV, this might be the right time to make a serious dent in your home loan.

The Reserve Bank of Australia (RBA) took the cash rate to a record low of 1% in July, bringing mortgage rates to their lowest level in more than half a century. However, the low cash rate also means your money in the bank could be earning less interest.

The RBA has cut the official cash rate by 0.25%. But, will your bank pass on this cut to you?