As 2025 begins, there’s a sense of optimism for homeowners and buyers. After a stretch of higher mortgage interest rates, there’s hope this year might offer some relief, making repayments more manageable and opening doors for those looking to refinance .......
Keeping track of the interest rates for each loan you have and all of your payments can turn into a real headache. Fortunately, there is a way to make things a little easier for yourself; debt consolidation.
Many borrowers on an expiring fixed rate will want to refinance rather than letting their mortgages revert to a higher standard variable rate. However, some borrowers may find themselves stuck with their current lender aka ‘mortgage prison’.
Struggling to save a home loan deposit? The First Home Guarantee could allow you to buy with 5% or as little as 2% using the Family Home Guarantee for single parents.
About 40% of outstanding mortgages in late 2021 were fixed rates. Of those, 75% are set to expire by the end of 2023. At the time, these were some of the lowest interest rates ever seen in Australia.
If you're struggling to meet your mortgage repayments don't worry. Follow these tips to get yourself back on track.
Have a variable or split home loan? Repricing is an easy process that could help you get a lower interest rate and put more money back in your pocket.
A bridging loan is a special type of short-term loan made for people who are buying their next property while still trying to sell their current home.
Interest rates can change from day to day, meaning that even if you’re approved for a home loan when rates are low, it could increase by the time you reach a settlement. A good way to take care of that is with a rate lock.
One of the first things lenders do when you apply for a home loan is contact an agency - like Equifax, Illion or Experian - who calculates your credit score and look at whether you have a good score or not. But what is a credit score and why is it so i .......
While prices have decreased slightly in recent months, if you bought a house around 2020 it’s likely you’ve still experienced strong growth in your property value and equity.
Fixed vs Variable rates. What kind of loan should you choose in the current property market? Find out more here.
The Reserve Bank (RBA) has raised the nation’s official cash rate (OCR) for the third month in a row in an effort to curb rising inflation.
There are plenty of deals in this competitive market, and some lenders are waiving fees and offering cashback deals from $1,000 - $4,000 as an incentive to refinance with them. BUT how do you truly know which deal is right for you?
Struggling to save a home loan deposit? The First Home Loan Deposit Scheme (FHLDS) and the New Home Guarantee could allow you to buy with 5% or as little as 2% using the Family Home Guarantee for single parents.
Suffering from the winter blues? Daydreaming of a getaway? It turns out your tropical holiday may not be as out of reach as you first thought.