Category: Your First Home Loan

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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Do you have a variable home loan? You need to read this

Posted by on 11 September 2017

Expert predicts mortgage rates to climb to 3.5 percent, so it’s a good time to compare home loans. Compare Now Mortgage rates could be on the verge of skyrocketing over the next two years, if one expert’s predictions prove to be true. John Edwards, former board member of the Reserve Bank of Australia, has warned […]

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Big banks drowning Aussies with mortgage rate rises but there’s relief in sight.

Posted by on 11 September 2017

Cash rate stays low but banks are raking in the profits by raising rates on Aussie homeowners. Compare Now Aussie homeowners are being fleeced by profit-gouging banks, who are hiking mortgage rates without warning. Despite the RBA cash rate remaining at a record low, rates have gone up on 4.3 million variable rate home loans.* […]

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Home loan rates tipped to rise. Here’s how to save…

Posted by on 21 August 2017

Aussie mortgage holders taking advantage of the chance to save before a tipped RBA rate rise Compare Now The Reserve Bank of Australia has given homeowners a major clue that a rate rise could be in the works. In its most recent public statement, the RBA indicated that rising household debt is a major concern, […]

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The dirty little home loan secret costing you thousands

Posted by on 21 August 2017

Banks traditionally overcharge on mortgages, profiting from homeowners who don’t shop around. Compare Now You may think you’re getting a good deal on your home loan, but new data shows that you’re probably not. Banks are overcharging customers a significant amount on their mortgages, profiting from homeowners who don’t shop around. Thankfully, consumers are able […]

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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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