It’s Now Cheaper to Buy than Rent in One-Third of Australia
With record-low interest rates available to borrowers, it is now cheaper than ever before to service a home loan.
4 Things to Consider Before Fixing Your Interest Rate
As the Australian economy continues to recover and house prices remain strong, there is growing speculation that interest rates are also going to be rising soon. We’ve already seen a number of the major banks increase rates on their fixed interest rate products, which implies that they believe rates are headed higher.
Does that mean you should now fix the interest rate on your mortgage?
What is the Family Home Guarantee?
What is the First Home Loan Deposit Scheme?
Usually, first home buyers with less than a 20 per cent deposit need to pay Lenders Mortgage Insurance (LMI). Under FHLDS, eligible first home buyers can purchase their first home with a deposit of as little as 5 per cent; without paying LMI.
What are the new schemes to support Australians buying a home?
Fixed Rates are Rising
With the RBA yet to indicate whether they will be bringing their own interest rate rises forward, CBA has gone ahead and increased some of their products by 0.05% and 0.1% for both owner-occupied principal and interest, three and four-year fixed rates and its interest-only three and five-year fixed-rate mortgages
5 Home Loan Features To Know About
Home loans have come a long way in the past few decades, and now there are a range of features you can access that can really benefit you in the long run. Fortunately, there are a few key features that you need to know about that can make all the difference and potentially save you thousands of dollars over the life of the loan.