Yearly Archives:2019

If Your Mortgage Rate Doesn’t Start With a 3, You’re Overpaying

Posted by on 1 August 2019

Millions of Australians are paying too much for their home loans, even though a lower interest rate is available. In fact, the Reserve Bank of Australia (RBA) estimates that the average Aussie is paying at least half a percentage point more than they should. If the interest rate on your home loan doesn’t start with […]

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Good deposit and steady income? Don’t assume you’re approved: 6 Surprising reasons banks reject home loans

Posted by on 3 July 2019

Good deposit and steady income? Aussie banks are diving much deeper into your spending habits. Aussie banks are diving much deeper into your spending habits. Get Started If you’re finally ready to take the plunge and buy a property, or refinance an existing home loan, nothing puts a damper on the excitement like a big, […]

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5 smart ways to reduce your home loan

Posted by on 28 May 2019

Paying off your home loan may seem like an impossible task, but it could be within your reach sooner than you think. By making a few minor adjustments, you could reduce the life of your loan and save thousands on your mortgage. Here’s How You Do It: Step 1: Select your current life stage below. […]

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Date night or home upgrade? How Aussies are getting the best of both worlds

Posted by on 9 May 2019

Let’s face it. We can all think of more enjoyable ways to spend our money than on taking out another home loan. And with insurance, gas, electricity, phone, petrol and other daily living expenses adding to our monthly tally, it isn’t very much fun to think of throwing in yet another bill to the mix. […]

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How Do You Choose a Mortgage Lender?

Posted by on 8 May 2019

Key Points Before you choose a lender, determine what you need from a home loan. Loans from big banks often come with brand name recognition, but that doesn’t mean they always offer the best value. Comparing lenders gives you the best chance at finding a home loan that will fit your borrowing needs. Compare Rates […]

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End of the big four’s glory years? The Royal Commission’s findings could see a move towards boutique banks

Posted by on 3 May 2019

Turns out, trust plays a massive factor in where Aussies choose to take out loans. Get Started The verdict’s in. Aussies’ trust in banks is at an all-time low. A recent survey found that only 1 in 5 Australians believe banks act ethically, while a mere 1 in 4 think banks take responsibility for mistakes […]

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Your Guide to No Deposit Home Loans

Posted by on 24 April 2019

Key Points No deposit home loans are rare and can be difficult to get. You will need to have excellent credit, a good borrowing history, and regular income if you want a no deposit home loan. There are certain strategies you can take – such as obtaining a guarantor or using a First Time Home […]

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5 Benefits of refinancing: Is it for you?

Posted by on 12 April 2019

Key Points Refinancing is switching to a different home loan. It is usually done to save the borrower money. There are a number of benefits to refinancing, including locking in a lower interest rate, having better home loan features, or an adjusted home loan term. Refinancing can be a good option for anyone who wants […]

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Why are borrowers leaving the banks for boutique lenders?

Posted by on 21 February 2019

Tighter lending standard introduced after the Royal Commission have put banks under the spotlight. This, as well as efforts by the Australian Prudential Regulation Authority (APRA) to slow growth to investment lending, have made it difficult for borrowers to get a home loan. This crackdown is in place to reduce the likelihood of customers defaulting […]

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12 Essential investments for your first home

Posted by on 20 February 2019

It’s an exhilarating feeling, moving into your first home. One of the first things you might do is flip through an IKEA catalogue to see which sofa will look best in your spacious new living room. But then there are all those little (but nonetheless important) bits and bobs that tend to slip your mind. […]

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