The Reserve Bank of Australia’s recent decision to lower the cash rate by 0.25% to a target of 4.1% is the first reduction since November 2020. The Bongiorno Group’s Matt Homewood and Jack Will explore what this means for both existing mortgage holders and new borrowers, examining how lenders may respond and the potential impact on borrowing capacity.
 
Additionally, they break down key factors influencing home loan assessments, including HECS debts, credit limits, and interest-only vs. principal-and-interest loans.
 
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