Vardo Finance

Vardo Finance Melbourne based mortgage broker servicing all of Australia with an online approach

The RBA has increased interest the cash rate by 50 basis points to 2.35%. They made it clear their primary concern at th...
06/09/2022

The RBA has increased interest the cash rate by 50 basis points to 2.35%. They made it clear their primary concern at this stage is getting inflation under control. They also indicated future rate rises will be required to get inflation under control, but didn’t outline a pre determined path.

This Tuesday ANZ predicted the RBA could raise interest rates by 50 basis points in August, September, October and Novem...
21/07/2022

This Tuesday ANZ predicted the RBA could raise interest rates by 50 basis points in August, September, October and November. This would place the cash rate at 3.35% in November.

Although this is a prediction, it would be wise for borrowers to plan for substantial rate rises throughout the rest of 2022.

Globally, inflation is showing no sign of slowing down. The US Federal Reserve has been extremely vocal about their focu...
14/07/2022

Globally, inflation is showing no sign of slowing down. The US Federal Reserve has been extremely vocal about their focus on reducing inflation. Significant rate hikes in the US are likely through the rest of 2022.

Today the ABC reported on the increasing gap between fixed and variable interest rates on mortgages in Australia. It app...
03/06/2022

Today the ABC reported on the increasing gap between fixed and variable interest rates on mortgages in Australia. It appears banks are aiming to get on the front foot by increasing their fixed rates now expecting the cash rate to rise substantially over the coming years.

Source: https://youtu.be/yGs-UDR-KFU

One of the key things you will need to decide with your mortgage is if you want a fixed or variable rate. Here are just ...
26/05/2022

One of the key things you will need to decide with your mortgage is if you want a fixed or variable rate. Here are just some of the typical differences between the two. As always, its best to discuss this with a broker to make sure you understand your options properly and choose the one most suited to you.

How much will I need for a deposit?This varies depending on your situation including factors such as the available gover...
05/05/2022

How much will I need for a deposit?

This varies depending on your situation including factors such as the available government incentives and how given lenders assesses your borrowing capacity. As a general rule of thumb you will require a deposit of at least 5%.

For the first time in more than 11 years the RBA has increased the cash rate. The increase of 25 basis points brings the...
03/05/2022

For the first time in more than 11 years the RBA has increased the cash rate. The increase of 25 basis points brings the cash rate to 0.35%

A rate lock is an option that can be added to some fixed rate mortgages which ensures your interest rate does not change...
29/04/2022

A rate lock is an option that can be added to some fixed rate mortgages which ensures your interest rate does not change between the time of approval and settlement as long as certain conditions are met.

With interest rates currently going up it could be a good idea to consider this option if you want a fixed rate.

Generally mortgage brokers in Australia do not charge a fee, instead they are paid a commission by the lender they set u...
27/04/2022

Generally mortgage brokers in Australia do not charge a fee, instead they are paid a commission by the lender they set up a loan for.

Mortgage brokers also work with a range of lenders, meaning they can compare a selection of options to suit your needs. Since most brokers including those at Vardo Finance don’t charge a fee, you’ve got nothing to lose by discussing your mortgage options with them.

The Australian Bureau of Statistics released their most recent inflation statistics. Underlying inflation is the highest...
27/04/2022

The Australian Bureau of Statistics released their most recent inflation statistics. Underlying inflation is the highest its been since 2009!

How have you adjusted your spending habits over the past year to combat the increased cost of living?

Address

Suite 91/222 Lonsdale Street
Melbourne, VIC
3000

Opening Hours

Monday 7am - 9pm
Tuesday 7am - 9pm
Wednesday 7am - 9pm
Thursday 7am - 9pm
Friday 7am - 9pm
Saturday 7am - 9pm
Sunday 7am - 9pm

Telephone

+61493279504

Website

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