More Australians Defaulting on Their Mortgages: 10 Year High
MORTGAGE delinquencies had hit a decade-long high, with more Australians falling behind on their home loans according to a report released by ratings agency Moody’s. The post More Australians...
View ArticleThe Job or the House: What to do When You Have a New Job and Also Want to get...
You’ve found your dream role. It’s in the right location, the salary is excellent and the job description is perfect. The only problem is, you’re also planning on applying for a home loan at the very...
View ArticleFewer Australians Default on Home Loans
FEWER Australians are defaulting on their home loans, but Queensland fares worst in ratings agency Fitch’s latest mortgage delinquency report. The post Fewer Australians Default on Home Loans appeared...
View ArticleMore Aussies to Pay Off Their Home Faster Thanks to RBA Cuts
Almost six in 10 Australian home-owners will pay their home off faster thanks to the two latest rounds of official interest rate cuts by the Reserve Bank. The post More Aussies to Pay Off Their Home...
View ArticleNow is a Good Time to Switch
It may be worth switching if you can get a mortgage at a lower rate than what you are currently on. However, every situation is different so you need to weigh up the cost of refinancing and whether it...
View ArticleTop reasons banks reject home loan applications
Doing some homework before you apply for a home loan can pay big dividends when you approach a bank. The post Top reasons banks reject home loan applications appeared first on Aussie Blog | Finance...
View ArticleHow to prepare for future rate hikes
With interest rates at record lows, it’s a nice time to own property! But there's no room for complacency. The post How to prepare for future rate hikes appeared first on Aussie Blog | Finance Blog |...
View Article6 mortgage mistakes to avoid
Big life events – marriage, children, travel – usually start with big questions. These questions can help us avoid potentially costly mistakes. The post 6 mortgage mistakes to avoid appeared first on...
View ArticleWhat to look for in a new mortgage
Many loans that allow extra payments will also allow that capital to be redrawn. This means you can benefit from putting more money into your loan but still access the funds if you need them down the...
View ArticleUnlocking equity to secure your future
Paying off your mortgage might be an important priority, but it’s well worth balancing your goal of becoming debt-free against the benefits of having money to enhance your lifestyle or invest for your...
View ArticleHow low can rates go?
It’s every mortgage holder’s worst nightmare: what if interest rates return to the mid-teens, as we saw in the early nineties? The good news is that scenario is highly unlikely to occur, and there are...
View ArticleIs it already too late to fix your home loan interest rate?
August 2009 If you’re thinking now’s the time to fix your home loan so you don’t get stung by higher interest rates, it’s probably too late. Most lenders have already started to increase fixed rates,...
View ArticleThings are still looking up for first home buyers
September 2009 On September 30, the first home owners grant will be reduced – from $14,000 down to $10,500 for established homes, and from $21,000 down to $14,000 for new homes. With the boost to the...
View ArticleRates on the rise – How to manage rising home loan rates
October – 2009 The Aussie economy is killing the rest of the world. While every other developed country has been in recession, we’ve avoided it and now are the envy of the world. But that gloating...
View ArticleSurprise relief for homeowners, as Reserve Bank holds interest rates
The Reserve Bank of Australia has kept interest rates on hold at 3.75 percent this week, delivering surprise relief for cash-strapped homeowners. The RBA had been widely expected to hike rates by 0.25...
View ArticleHow much can I save by switching home loans?
If, like for many Australians, the recent interest rate rises have inspired you to do some financial soul-searching, you may be considering switching your home loan. It warrants a lot of careful...
View ArticleInterest-ing Times: Are you expecting a rate change this time around?
Around this time last month, there was a lot of buzz around about interest rates, with many expecting the Reserve Bank of Australia to increase the cash rate by at least a quarter of a percent. To most...
View ArticleThe cold, hard truth about interest rates
Interest rates are arguably the most important issue facing Australian homeowners. However there is much confusion about who controls interest rates, what factors influence rates and how this affects...
View ArticleTen questions you should ask your lender
By Hannah Nicholas When it comes to home loans, there’s so much for borrowers to know. But choosing the right lender and home loan really can save you thousands of dollars. Here are the 10 must-ask...
View ArticleOnwards and Upwards – Rates Predicted to Rise Again
After holding back for so long, it seems that the Reserve Bank of Australia may have decided that the Aussie economy has finally picked up enough of the pieces to justify consistent growth of interest...
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