CITY PACIFIC has conceded defeat in its battle to keep management control of the $630 million First Mortgage Fund, leaving the stricken Gold Coast finance group without a steady income and at the mercy of the Commonwealth Bank, which it owes $100 million.

While many people make the mistake of overestimating their position when approaching a mortgage company, many will also tend to underestimate their position.

If your current mortgage company is no longer giving you a good deal, don't be too hasty in refinancing.

As the RBA are due to meet again and are expected to announce a large rate cut, what will you do if your mortgage company matches this?

The Aussie mortgage company offers a wide selection of home loans and mortgages that cater to the needs of many individuals.