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Property investors warned of massive interest rate hike

Tuesday, April 11 2017

A recent mortgage report issued by JP Morgan has revealed that in extreme situations, investor loans could be increased by as many as 3 percentage points.* The rise would be due to global banking regulations that put pressure on banks to restrict investor loans in keeping with regulatory growth caps. Though this may sound like […]

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New service helps first home buyers land affordable mortgage

Tuesday, April 11 2017

For first home buyers in Sydney, buying an off-the-shelf home could save them over $100,000, according to local building firm Thrive Homes. The company is tapping into a cost-efficient development certificate to speed up the process of buying a new home. The idea is to help buyers save money and get their foot in the […]

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With rising interest rates, should you fix your mortgage?

Tuesday, April 11 2017

According to recent data* approximately 1/5th of borrowers are choosing fixed rate mortgages. This trend is likely a direct response to out-of-cycle rate hikes by the big banks. Deciding whether to go with a fixed rate or a variable rate mortgage is a question of security versus flexibility. One is not necessarily better than the […]

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Two-thirds of Aussies clueless about these home loan changes

Tuesday, April 11 2017

Aussie home buyers could be in luck when changes to national credit reporting requirements kick in. According to a new study by credit reporting agency Experian, two-thirds of Australians are in the dark about how positive data sharing could affect them. Credit providers and lenders currently only share negative information about individual’s history, such as […]

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Is the home loan honeymoon period over?

Tuesday, April 11 2017

The big four banks have officially raised rates on home loans, signaling the end of the honeymoon period for first-time home buyers. However, all is not lost, because Aussies hoping to get into the property market still have one trick up their sleeve.   To find a great deal on your mortgage without spending hours […]

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5 things first home buyers need to know

Tuesday, April 11 2017

Congratulations! You’re ready to buy your first home. It probably seems like there are a million things to get your head around, but the end is in sight. Now is a great time to shop around for a loan and lock in a great rate before it’s too late. Before you sign a loan contract, […]

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Big banks are raising interest rates. Here’s what you can do.

Friday, March 24 2017

The big banks may be hoisting their interest rates, but there’s never been a better time to lower prices on your home loan. Despite price fluctuations, home loans remain a highly competitive market, which means that the power to save remains in the hands of the customer. Not sure where to start? Here are three […]

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

Monday, March 13 2017

Despite low interest rates, many Aussies still overpaying on their home loans Compare Now 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 […]

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

Monday, March 13 2017

New Comparison Site Allows Aussies to Compare Loans from 25 Providers Compare Now 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 […]

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Borrowers in the dark about money-saving mortgage strategies

Thursday, February 23 2017

Pop Quiz: What interest rate are you paying on your home loan? If you aren’t able to answer that question, you’re not alone. A new study shows that 85 percent of Aussies don’t know their interest rate.* A lack of concrete knowledge about your interest rate could cost you thousands over the life of your […]

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