Monthly Archives:June 2017

Homeowners borrowing dangerous amounts when taking out a mortgage

Posted by on 26 June 2017

If forced to choose between your mortgage payment and putting dinner on the table, what would you do? It’s a question some Aussie families may have to ask themselves, as borrowers stretch loan-to-income ratios to unhealthy limits. A new study from JCP Investment Partners revealed that the average heavily indebted household is borrowing six times […]

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Don’t limit yourself when comparing home loans

Posted by on 26 June 2017

New regulations on big banks have made it more expensive to get an investor home loan, which has opened the door for non-bank lenders to offer better deals. This is exactly what they’ve done, announcing immediate offers of lower rates for both owner-occupiers and investors. While big banks are encouraging existing customers to pay down […]

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Big banks shaking up variable rates for mortgage holders

Posted by on 26 June 2017

Two of Australia’s big banks, ANZ and Westpac, have recently announced plans for a variable rate shake-up that could benefit some mortgage holders and penalise others. Interest rates for principal and interest loans will see a reprieve, while interest-only loans are set to increase. With two of the biggest banks leading the way, it’s anticipated […]

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New Service Allows Australians to Compare Home Loans & Save Big Money

Posted by on 21 June 2017

Financial experts warn that many Australians are overpaying for home loans, spending thousands more in interest than they should be paying.  For most Australians, their home purchase is the biggest investment they make. Overpaying for interest on a home mortgage can be detrimental to building wealth and achieving long-term financial security. A new service makes […]

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How to protect yourself against mortgage rate rises

Posted by on 19 June 2017

Australian mortgage rates are likely to rise from their record-breaking lows, which has one in five homeowners looking at switching to a fixed rate loan. According to a recent survey conducted by Ipsos, 62% of those ready to switch intend to do so within the next nine months. Deciding how to structure your loan is […]

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Aussies could save thousands with online lenders

Posted by on 14 June 2017

If you could save thousands of dollars on your home loan, would you do it? Most Australians would say yes, but their actions say differently. A recent survey revealed that switching to an online lender could save Australians over $3000 each year. Despite this, only 27 percent of those surveyed were willing to consider buying […]

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Comparing home loans could save you $6000 per year

Posted by on 14 June 2017

If your home loan sits with one of Australia’s biggest banks, your mortgage could become more expensive in the coming months. The government’s proposed big bank levy has the big five banks suggesting that they’ll be passing the tax on to their customers by increasing interest rates on home loans. Comparing offers from smaller banks […]

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