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First Home Buyer

rising interest rates

How Do Rising Interest Rates Impact Your Borrowing Capacity?

Rising interest rates have struck again in 2022. For the second time in 35 days, the RBA has raised the interest rate, throwing homeowners and potential buyers alike into a frenzy. This rate means current mortgage repayments are about to increase, which may come as a shock, especially for recent first home buyers. After dealing with a hot property market over the past few years, those looking to buy their first home are now being forced to re-evaluate their loan applications as their borrowing power is impacted. So, how do rising interest rates impact your borrowing capacity? Here is everything … Read more

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