Full stop: taking a ‘mortgage holiday’ when rates are low
Taking a short-term break from paying off your mortgage isn’t a new idea, but as the bite of the COVID-19 pandemic grips harder and harder, more Australians are applying to…
Is your home loan still right for you?
Running a few simple checks on your mortgage could potentially save you thousands of dollars over the life of your loan. For many of us, paying off a mortgage is…
‘Most Australians are through the worst’ as mortgage repayments resume
In a positive sign for the Australian economy, nearly 7 in 10 Australians who paused payments due to the COVID-19 pandemic have resumed repaying their mortgages, new figures have shown….
More first home buyers to benefit from 5% deposits
The federal government has announced the extension of the First Home Loan Deposit Scheme, opening up 10,000 new places to aid in post-COVID-19 economic recovery. The First Home Loan Deposit…
New home lending increases, but what’s driving the market?
The traditional spring selling season is in full effect with new home lending rising in September, official figures have shown. Stats released by the Australian Bureau of Statistics (ABS) show the…
Big 4 cut interest rates
CBA and Westpac are both offering a four-year, fixed-rate mortgage at 1.99 per cent, while NAB said it will undercut this with a 1.98 per cent rate. It’s the first time…
Why it pays to have a principal and interest loan
Owner-occupiers who are paying principal and interest on their mortgage are being rewarded by financial institutions with a lower interest rate. The latest analysis by comparison site Mozo found that…
The remarkably simple way to pay off your mortgage sooner
For those looking to get out of debt quicker, a mortgage broker has explained a remarkably simple trick to pay off a home loan sooner. The trick is to change your…
Looking for a loan pre-approval? Here are 5 things you need to know
Applying for a mortgage pre-approval can be a real boost for anyone looking to purchase property – but it’s important that would-be homeowners do have a good understanding of what…
