Empower Blog Mortgage

Two Major Wins for Empower Wealth in the Australian Mortgage Awards 2023 

Empower Wealth is thrilled to announce that our mortgage broking team took out not one but two awards at the Australian Mortgage Awards 2023!  Both the “Brokerage of the Year (>20 Staff)” and the top gong of the night recognising us as the best Mortgage brokering business in Australia - “Australian Brokerage of the Year” awa...

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Empower Wealth Wins AFG Champion Broker Group VIC/TAS for Two Consecutive Years

Empower Wealth is thrilled to announce that we have been awarded the prestigious title of AFG "Champion Broker Group VIC/TAS" for two consecutive years, in both 2022 and 2023. This remarkable achievement is a testament to our unwavering commitment to excellence in the mortgage broking industry, and it reflects the dedication of our exceptional tea...

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Mortgage Prison Update! Find out how you may be able to escape the trap.

Are you trapped in a mortgage prison, unable to refinance due to high serviceability assessment rates? We have an important market update that could change everything! Join Ben as he reveals the game-changing exemption policy released by one of the major banks. In this short video, you'll learn how this policy may be able to help you break fre...

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6 Essential Lessons Everyone Should Know Before Their Fixed Loan Expires 

At Empower Wealth we are passionate about providing practical education that helps our community at every step of their financial journey. We want to ensure that no money is left on the table, and one of the biggest money pits we've found is the interest we pay on our mortgages. So in this video, Ben explains six lessons that every borrower sh...

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RBA Cash Rate September 2019

G'day and welcome to September and on the first Tuesday of this month Governor Lowe and the RBA Board met and they kept the cash rate on hold at 1%. Now, some punters might have been thinking, “Well are we going another 25% lower?”, but really most economist believe that's going to be next month. So I suspect the board decided not to spook t...

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RBA Cash Rate August 2019: Is it Time to FIX Your Rate?

Today Governor Lowe and the Reserve Board met and they kept the cash rate on hold at 1%. Now that's obviously on the back off two rate cuts that we sold in June and July, which took the cash rate down to 1%. So the consensus is that we needed to see some time to see what impact those two particular rate cuts have had in terms of confidence, sentime...

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RBA Cash Rate June 2019: The Cash Rate Announcement We’ve All Been Waiting For

Today Governor Lowe and the Reserve Board met and, yes, we have a rate movement. That's right — a 25 basis point cut, bringing the cash rate down from 1.5% down to 1.25%. For all you data nuts, I'm going to give you a little bit of a backstory in regards to where the cash rate has been. So it is the first rate move of any rate movement si...

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When you should and should not consider Interest Only Lending?

There's a lot of media noise out there at the moment around interest-only lending, so I thought it's important in this How To Session we talk about why we would and why we wouldn't use interest only lending options.   So I want to start with why we wouldn't use interest only lending. Now, it's logical when you think about it — but w...

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How Do Mortgage Insiders Feel About The Market?

APRA’s approach to managing investor lending has raised some concerns and question marks for the property investment industry. But a new survey conducted by PIPA, as recently explained in Your Investment Property Magazine, proves that property professionals are rightfully optimistic. Ben, also Chair of PIPA, is excited about the level o...

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Pay off the mortgage or invest – How to do both?

Investors often face with one common question when their savings grow: Should I pay off the mortgage or invest? With interest rates at its all time low and an outperforming property market, some might think that it is an obvious choice but how sure are you? In this Money Magazine's August 2016 Edition, Bryce shares his point of view on how you can ...

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2016 Mortgage and Lending Outlook

Here are the other parts of the 2016 Outlook: Australian Property Market Outlook: Part 1: Sydney & Regional NSW Part 2: Melbourne & Regional VIC Part 3: Queensland, Australian Capital Territory and South Australia Part 4: Northern Territory, Western Australia and Tasmania Global Economy and Equity Market Outlook Part 1: United States E...

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RBA Rate Decision – August 2015

Today the Governor and the Reserve Board met and kept interest rates on hold for another month. Now, they are continuing to stay at record low levels where the cash rate remains at 2%. Now for a first in this commentary series that you may have seen or may not have seen before, I'm going to actually cut to some audio of Glenn Stevens presenting a...

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SMSF Lending 101: Unlocking the Additional Equity

One of the most powerful options you can utilize if you have a Self Managed Superannuation Fund (SMSF) is to leverage and borrow into property. Unfortunately, many individuals either do not know about self-managed super funds or they simply do not understand the concept because it can seem at first to be quite complicated. However, those who take...

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