Home Loans Australia

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Can you afford your current mortgage?

Aussies without mortgage buffer vulnerable to financial risk

Australians are taking risks with their mortgages, according to statistics from the Reserve Bank of Australia. The RBA found that one-third of homeowners have less than a month’s repayments as a buffer, should their finances take a hit.

Aussies who don’t have a strong mortgage buffer or are on an interest-only mortgage could be in a vulnerable position. Fortunately there’s a simple way to lower your mortgage repayments, and it only takes a few minutes.

Here’s How You Do It:

Step 1: Select your type of property below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

Compare mortgage rates with HomeLoansAustralia.com to find a better deal on your home loan and reduce your monthly bill. A lower rate will automatically give you more buffer by shrinking the size of your repayments.

If you’ve been with the same lender for a long time, switching may sound like a burden. Why go through all that paperwork again with a new lender, just to save a few bucks? After all, time is money too.

Well, changing lenders can save you much more than a few bucks. Lowering your interest rate can translate to thousands in savings over the life of your loan. Shopping around is consistently cited as one of the best ways to save on your mortgage.

Switching lenders isn’t the hassle you might think it is, either. When you use HomeLoansAustralia.com a mortgage expert will be able to help you with the paperwork, and it’s all done over the phone and online.

Not sure what type of loan is right for you? You’re not alone. There are a range of different ways to structure a loan, and your mortgage consultant can help you with that, too. Get tailored advice on which loan types suit your budget so you’re not overextending yourself.

House prices are still on the rise—the RBA reports that prices went up 1.4 percent across the country in March—and now interest rates are starting to go up as well. There’s no need to take risks with your mortgage, whether you’ve owned your home for years or are looking for your first mortgage.

Compare loans from over 27 trusted lenders to find one that offers you great value in the short and long term. Buying a home is one of the biggest purchase most Australians will ever make, but it doesn’t have to be complicated. Visit Home Loans Australia to simplify the process and find a home loan that works for you.

Get Started Now:

Step 1: Select your state below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

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