The home loan application process can be long and complicated, especially for first home buyers. Fortunately, there are ways to make it easier. With so many steps involved, people often don’t know where to start when applying for a mortgage. In order to help streamline the process, here are four things you should keep in… Read more »
The home loan war between financiers is really hotting up. In a bid to win over new customers, lenders are offering up to $5,000 cashback on home loans with rates under 2 per cent. New analysis by financial research group RateCity shows there are 25 lenders offering cashback deals. In addition to the cashback on… Read more »
Bamboozled by all the mortgage jargon in your home loan contract? Fear not. We’ve got you sorted with our A-Z of mortgage-speak. Is there anything worse than trying to get your finances sorted but stumbling over all the mortgage jargon that flows effortlessly off the lender’s tongue? Chattels, what now? And what on earth is… Read more »
Given the intricacies and possibilities around home loans, the so-called comparison rate may not always be helpful. As a tool, it can be too blunt for the job. We trust ourselves all the time with the comparisons we make in everyday life between items as varied as shoes, cars and even people. So, we’d expect… Read more »
Australians started borrowing again before Christmas, with the value of new home loans up by 4.4% in December (seasonally adjusted), while personal fixed term loans rose by 3.5% according to data released today by the Australian Bureau of Statistics. The value of mortgages to owner-occupier rose by 5.1%, an eight-year high, and 17.9% over the… Read more »
