Category: Uncategorized

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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The biggest mistake you can make with your home loan

Posted by on 9 May 2017

Interest rates are going up, putting home owners in a tight spot. It’s hard to know what to do: lock in a fixed rate now or hold on to a low variable rate for as long as possible? The biggest mistake many people make with their home loan is by not refinancing to get a […]

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Can you afford your current mortgage?

Posted by on 26 April 2017

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 […]

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First-time home buyers: is now the time to buy?

Posted by on 26 April 2017

Low interest rates can trick people into spending more than they can afford, leaving first time home buyers in a precarious position. However, the inverse can also be confusing, as higher interest rates can result in falling house prices that attract buyers. As a first time home owner, it’s tough to know where to set […]

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Property investors warned of massive interest rate hike

Posted by on 11 April 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

Posted by on 11 April 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?

Posted by on 11 April 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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Great News for First Time Home Buyers!

Posted by on 11 April 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?

Posted by on 11 April 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

Posted by on 11 April 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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