Phil Edwards - My Loan Expert

Phil Edwards - My Loan Expert Expert home loan and property advice and much much more! Who are we? We're mortgage brokers. Why use us as a mortgage broker when looking for finance?

We'll help navigate you through the competitive and ever-changing mortgage landscape to find the right loan for you. We'll go into bat and negotiate on your behalf, and we'll make the process as simple as possible for you, geared up to deliver fast results. We'll help you avoid the pitfalls, and we'll find loan features to suit your personal circumstances. A mortgage broker is someone who shops ar

ound for the home loan that's right for you. Whether you're in the market for your first home or building a portfolio of investment properties, we have access to hundreds of loans from a host of Australia's leading lenders. We do the hard work for you. We make sure you get the right home loan for your circumstances and will manage the process from start to finish. When should you see us and what can you expect? You can see us at any stage in your financial journey. You might still be saving for your first home, wishing to use the equity in your current one, or wondering if you're still getting the right deal with your existing lender. You can make an obligation-free appointment with us at a time and place that suits you. We will ask about your financial circumstances and objectives to find out what's important to you in a home loan. For example, flexibility might be important because you plan to start a family or you may want ready access to equity for a rental property or renovations. Whatever your plans, we will research the market and recommend the right home loan to suit your needs. We always look for the right loan for you, not the lender. Professionalism at every turn

We pride ourselves on our professionalism in every facet of our business. Simply click here if you would like to be emailed with a copy of our Internal Dispute Resolution (IDR) process.

In what we expect will be one of the most significant pieces of tax reform to impact the NSW property market, the NSW Go...
21/06/2022

In what we expect will be one of the most significant pieces of tax reform to impact the NSW property market, the NSW Government has finally announced its plans to move stamp duty from a high upfront cost, to a lower ongoing fee. The most interesting point to note is that this is exclusively available to First Home Buyers - you can read more below.

Changes to the NSW property tax system will give first home buyers the choice between paying an annual property tax or stamp duty.

08/06/2022

At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 85 basis points.

At its monthly meeting today, the Reserve Bank of Australia has decided to increase the official cash rate from 0.10% to...
03/05/2022

At its monthly meeting today, the Reserve Bank of Australia has decided to increase the official cash rate from 0.10% to 0.35%.

An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week.

At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%. An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week. There was however speculation that the RBA may have delayed t...

Interest rates remain on hold, the big question is... for how long!
01/02/2022

Interest rates remain on hold, the big question is... for how long!

At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. It also decided to cease further purchases under the bond purchase program, with the final purchases to take place on 10 February.

Today the Reserve Bank of Australia has left the office cash rate on hold
02/11/2021

Today the Reserve Bank of Australia has left the office cash rate on hold

While Melbourne Cup Day often brings a surprise, the Reserve Bank’s decision on the official cash rate earlier today contained no surprises, with confirmation the rate will remain at 0.10%. In line with previous commentary, the RBA has confirmed the view that it won’t be rushing into a rate hike...

07/10/2021

At its monthly meeting today, the Reserve Bank has again confirmed the official cash rate will remain at 0.10%. Concerns continue to be expressed that record low interest rates are fuelling a housing boom, increasingly putting property ownership out of the reach of many prospective first home buyers...

Today the Reserve Bank of Australia kept the official cash rate of 0.10% on hold. Full details in the official release c...
01/06/2021

Today the Reserve Bank of Australia kept the official cash rate of 0.10% on hold. Full details in the official release can be found below

At its meeting today, the Board decided to maintain the current policy settings, including: the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond; the parameters of the government bond purchase program; ...

Today the Reserve Bank of Australia has again left the official cash rate on hold. For more details, including the offic...
04/05/2021

Today the Reserve Bank of Australia has again left the official cash rate on hold. For more details, including the official statement from Philip Lowe, read below

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program.

Today the Reserve Bank of Australia left the official cash rate unchanged. A more detailed statement on this and the cur...
06/04/2021

Today the Reserve Bank of Australia left the official cash rate unchanged. A more detailed statement on this and the current economic is linked below.

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility an...

02/02/2021

The RBA met for the first time in 2021 and have decided to leave the cash rate unchanged at 0.10%. With such low rates and lenders continuing to offer very competitive rates, it’s a great time to contact your AFG broker to consider refinancing or approaching your lender for a rate review.

https://bit.ly/36wexwq

As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates hav...
03/11/2020

As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates have been cut.

In response to the economic impact being caused by the COVID-19 crisis, the RBA reduced the cash rate by 0.15% to a new record low of 0.1%.

In making this change the RBA has confirmed the views of many analysts that further stimulus is required to aid Australia's recovery post Covid.

It had previously stated that it sees a cash rate of 0.25% as a floor however it has softened its stance on a reduction more recently.
In the lead up to its next meeting our central bank will continue to monitor world events such as the second round of European lockdowns and the US election, while closer to home it will be hoping for the easing of restrictions in Victoria and the opening of state borders will provide a lift to the economy.

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