Mel Finance

Author: Lumbini Wekunagoda

Lumbini marries practical insights with solid financial knowledge to craft tailored solutions. Lumbini has a diploma in Mortgage Broking, a Certificate IV, a supplementary Diploma in Mortgage Broking and Finance, and an MBA from the prestigious University of Wales. As an ASIC registered , licensed Mortgage Broker (CRN:444210), Lumbini upholds the highest standards of professionalism and ethics, aligning his practice with the Mortgage and Finance Association of Australia (MFAA).

Refinance My Home Loan
Commercial/Property

Why Refinance Your Home Loan?

The onset of 2023 brings a forecast of continued interest rate increases, spotlighting the importance of examining your finances to identify potential savings. One area ripe for scrutiny? Your current mortgage rate. Although negotiating with your current lender is an obvious first step, the multitude of available options can lead

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Multiple offset accounts
Help Topics

Multiple Offset Accounts – Which Banks Offer Multiple Offset Accounts

Multiple offset accounts Unlock the potential of your mortgage by exploring the advantages of deploying multiple offset accounts. In this guide, we shed light on how this strategic approach can give you a greater command over your finances, save money, and fast-track your mortgage repayment journey. The Advantages of Utilizing

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Refinancing Your Home Loan
Help Topics

Refinancing home loan

Tips for Successfully Refinancing Your Home Loan Unlock the secrets to secure mortgage refinancing approval, even in a climate of rising interest rates. As interest rates continue to climb in Australia, lenders have become more cautious and selective when approving mortgage applications. Many borrowers find themselves unable to refinance to

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How to Avoid Refinancing Traps
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How to Avoid Refinancing Traps

With the current state of the real estate market and interest rates, many homeowners are considering refinancing their properties. Refinancing— the process of replacing an existing mortgage with a new one— can offer numerous advantages, such as lower interest rates, reduced monthly payments, and access to additional funds. However, it’s

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The Ultimate Guide to Refinancing
Guides

The Ultimate Guide to Refinancing

Just as our unique Australian landscape is vast and varied, so is the world of mortgage broking and home loan refinancing. This all-encompassing guide takes you on a journey through the refinancing terrain, from the rocky escarpments of home loans, government schemes, and insurance, right down to the fertile plains

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APRA lending changes tightening
Help Topics

APRA tightened lending rules: what does this mean for borrowers?

Interest rates are low. House prices are soaring. So why did APRA make changes to lending rules now? And who is likely to be affected? The Australian Prudential Regulation Authority (APRA) recently wrote to banks advising they must increase their buffer rate on home loans from 2.5 to 3 percentage points. And they only

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How do I maximize ROI on an investment property?
Help Topics

How do I maximize ROI on an investment property?

 When purchasing an investment property, there are a number of factors that could increase or reduce your potential return on investment. In this case it’s not just location, the number of rental properties are available in the suburb or street that you are intended to purchase. Rental yield, capital growth,

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