Author: lmackenzie

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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The First Domino: Aussies rush to fix their loans as The Big Four start hiking rates

Posted by on 31 August 2018

After years of historic lows, interest rates are finally going up. This is how to protect your loan. Compare Now Westpac is the first big four bank to increase its rates, passing on a rise in operational costs straight to consumers. The bank and its subsidiary St George are adding .14% to their variable rate, […]

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Home Loan Hunger Games: Why Half Of Aussie Borrowers Are Leaving The Major Banks

Posted by on 22 June 2018

Property investors are leading the charge as Aussies vote with their feet and leave the banks behind. Get Started With the Royal Commission into Australia’s banks in full swing, property owners are voting with their feet. Data from a new AFG report has shown that more people than ever before are choosing to take out […]

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Save cash by comparing home loans quarterly

Posted by on 13 July 2017

Australian home owners should be reviewing their home loans every three months, not every year, if they want to find the best deals. The property market is changing quickly, and that could mean big savings for those who are willing to shop around. Finding a better deal on a home loan is actually a very […]

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5 smart ways to reduce your home loan

Posted by on 3 July 2017

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 type of property below. Step 2: After […]

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Bargain hunters dropping the ball on the mortgage

Posted by on 3 July 2017

Aussies love a bargain, but many are still missing out on a better deal on their home loan, according to results from ME Bank’s new Savvy Savers Survey. Although 90 percent of respondents admitted to loving a bargain, only 62 percent spent time comparing home loans.* These figures suggest that Aussie homeowners are willing to […]

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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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