Category: Home Loan Comparison

Rate Watch 2018: Three Of The Big Four Banks Push Interest Rate Hike To Customers

Posted by on 26 September 2018

After years of historic lows, interest rate rises are set to add thousands to Aussie mortgages. This is how to protect your loan. Compare Now First, it was Westpac, now ANZ and CBA have followed through with an out-of-cycle interest rate hike that’s set to add hundreds a year to Aussie mortgage repayments*. Typically a […]

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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. Compare Now 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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This is how the banks are rewarding loyal Australian mortgage holders.

Posted by on 27 November 2017

Compare Now The Reserve Bank’s Head of Domestic Markets, Dr Marion Kohler, has revealed just how much the banks are rorting their loyal customers when it comes to home loans. Over the past two years, loyal owner-occupiers and investors have been stuck on increasingly poor rates, while the discount for new customers just seems to […]

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If Australia’s Property Boom is Over What Does It Mean for Your Mortgage?

Posted by on 16 November 2017

With higher interest rates and tighter lending restrictions on the way, Australians are being urged to prepare for a market downturn. Compare Now Global investment bank UBS has been the first to cry downturn after Sydney home prices fell for the 2nd consecutive month. The historic call follows weak clearance rates alongside either a drop […]

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

Posted by on 3 October 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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Would you struggle to pay your mortgage if rates went up? Do this before it’s too late.

Posted by on 29 September 2017

Smart Aussies are already taking this easy step. Compare Now Right now Australians owe, on average, around $2 for every $1 they earn. This is because record low interest rates have justifiably encouraged us to feel safe taking on more debt. But a growing chorus of financial experts are warning that a rate rise is […]

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How Half a Percent Could Save You $41,996.77 On Your Home Loan

Posted by on 28 September 2017

New Comparison Site Allows Aussies to Compare Loans from 25 Providers Compare Now It’s hard to believe, but the difference a few percentage points can make on your mortgage is astronomical. For example, on a $500,000 loan, the difference between paying 4.5% on your home loan and paying 4% works out to a staggering $41,996.77 […]

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Is your home loan safe from Australia’s $1.6 trillion debt bomb?

Posted by on 25 September 2017

With interest rates at risk of rising 50 basis points in a stagnating economy Aussies should be worried. Compare Now Experts at ANZ are predicting that the Reserve Bank of Australia will bring in two rate rises by this time next year. This has sparked fears that house prices will fall and Aussies will be […]

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The dirty little home loan secret costing you thousands

Posted by on 19 September 2017

Banks traditionally overcharge on mortgages, profiting from homeowners who don’t shop around. Compare Now New research has revealed that the average advertised rate for a variable principal & interest loan is 5.2 percent, while the average rate paid is lower than 4.4 percent.* This difference may seem small to you, but it means that if […]

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