Open Mortgage

Blogs

Stay informed with our latest articles, tips, and insights about mortgages and loans.

Choosing the Right Mortgage Broker

Key questions to ask and factors to consider when selecting a broker to guide your home loan.

Published: 20 January 2025

Understanding Mortgage Rates

Learn about how mortgage rates work and what factors influence them.

Published: 15 January 2025

First Home Buyer Guide

A comprehensive guide for first-time home buyers navigating the mortgage process.

Published: 10 January 2025

Tips for Loan Approval

Discover strategies to improve your chances of getting approved for a loan.

Published: 5 January 2025

Thinking of Upgrading Your Car? Everything U Need to Know!

Choosing the right car loan can save you thousands of dollars in interest and fees.

Published: 4 February 2025

Comparison Rate vs. Standard Variable Rate (SVR)

Comparison Rate vs. Standard Variable Rate (SVR): Do You Really Understand the Difference?

Published: 11 February 2025

Why Are More People Becoming Mortgage Prisoners?

many borrowers are finding it increasingly difficult to refinance their existing loans, especially those with higher loan amounts. This phenomenon has been coined as Mortgage Prisoners.

Published: 17 February 2025

Bridging Loans: Should You Buy or Sell First When Moving Homes?

bridging loans—a financial solution designed to help you secure your next home while selling your existing on.

Published: 24 February 2025

Can Parents on Parental Leave Still Apply for a Home Loan?

A couple, already homeowners with an existing mortgage, faced financial strain due to rising interest rates.

Published: 26 February 2025

Offset Account vs. Redraw Facility

Offset Account vs. Redraw Facility: Which Saves You More on Your Home Loan?

Published: 3 March 2025

Fixed Rate Expiring? Facing High Interest Rates?

If your fixed-rate home loan is about to expire, you might be in for a shock—going from historically low rates (around 2%) to standard variable rates exceeding 7%.

Published: 11 March 2025

Final Inspection Before Property Settlement! Did You Get It Right

How important is the final inspection before property settlement? If it has been a few months since you first exchanged contracts, anything could have happened in the meantime

Published: 13 March 2025

What Income Proof Does a PAYG Director Need?

Can Self-Employed Individuals Pay Themselves a Salary to Apply for a Loan? What Income Proof Does a PAYG Director Need?

Published: 17 March 2025

How to Get a 90% Loan and Save Nearly $40,000 on LMI

Our recent clients, a married couple with no children, were looking to buy their first home. The wife is a registered nurse working at a local medical center. Two years ago, they applied for the 887 visa and recently received their visa grant letter.

Published: 28 March 2025

Buy a Home with a 90% Loan

Buy a Home with a 90% Loan—No LMI? These Professionals in Australia Are in Luck!

Published: 4 April 2025

Be Aware of Default Payments Amidst Continuous Interest Rate Hike

For those with home loans, take note! With recent interest rate hikes from banks, monthly repayment pressure has been growing, and many people are experiencing default payments—failure to pay their home loans on time.

Published: 7 April 2025

How Banks Approve Loans in Australia?

When applying for a loan in Australia, different banks and financial institutions may have slightly varied processes, but they all generally follow a common principle: the 5C Loan Approval Principle.

Published: 10 June 2025

FBAA Calls for a Review of the Home Loan "Buffer"

FBAA Calls for a Review of the Home Loan "Buffer" – What Does It Mean for You?Thinking of buying a home or applying for a mortgage? Then you need to know about the loan buffer – a key factor affecting your borrowing power!

Published: 1 July 2025

How to Balance Family and Career in Australia

Maternity Leave or Mortgage? Why Not Both! How to Balance Family and Career in Australia.

Published: 27 July 2025

Home Loan Application Benefits

Did You Know Government Benefits Can Boost Your Home Loan Application? Let’s Find Out How!

Published: 22 August 2025

What Is a 'Rate Lock' Mortgage?

Have you ever applied for a fixed rate home loan when interest rates looked favourable, only to find the rate had gone up by the time your loan was settled?

Published: 10 September 2025

New Financial Year, New Opportunity to Get a Government Boost!

Recently, Australian citizens and permanent residents (PR) can access the First Home Guarantee (FHBG) scheme. With as little as a 5% deposit, you could own your first home without needing to pay thousands in Lenders Mortgage Insurance (LMI).

Published: 17 October 2025

Boost Your Borrowing Power by 20% Without Increasing Your Income!

Recently, Australian citizens and permanent residents (PR) can access the First Home Guarantee (FHBG) scheme. With as little as a 5% deposit, you could own your first home without needing to pay thousands in Lenders Mortgage Insurance (LMI).

Published: 11 November 2025

How We Secured a Complex Trust Loan Just Days Before Settlement?

Buying property under a trust structure can offer long-term benefits like asset protection, tax efficiency, and strategic financial planning — but when it comes to getting the loan approved, the process is often far from simple.

Published: 5 December 2025