Category Archive

If COVID-19 has impacted your income to the point where you may need to pause your mortgage repayments, then we’ve broken down the banks’ deferral policies for you.

Could you say goodbye to Netflix to take out a loan? That’s one example corporate watchdog ASIC has included in its responsible lending update.

Struggling to get access to a 10% cash deposit for your property purchase? You’re not alone. Whether you’re a first home buyer, downsizing or investing, getting the deposit together is one of the major hurdles facing home buyers today.

You know that infuriating habit the big banks have of failing to pass on the RBA’s cash rate cuts in full? Well, it’s finally triggered the federal government to order an inquiry into home loan pricing.

Lending to Aussie households spiked 3.9% in July, the strongest growth seen since October 2014, according to the Australian Bureau of Statistics (ABS).

Indulgences such as caviar, wagyu beef and the finest bottles of wine shouldn’t count against you when lenders assess your application for finance, a Federal Court judge has said.

A recent ACCC report on the residential mortgage pricing of five major banks between 9 May 2017 to 30 June 2018 found that opaque discretionary pricing inflated borrowers’ costs (including their time and effort) to discover better offers, directly impacting their enthusiasm to shop around.

The RBA has cut the official cash rate to a new record low of 1.25%. But hang on a sec… Will lenders even pass on the cut in full? Today we’ll look at how you can make the RBA rate cut work for you.

Here’s a bit of good news: you may be able to borrow more for your next home loan after the prudential regulator sent a letter to the banks asking them to relax a key lending criteria.

When you’re taking out a mortgage, you’re usually making the biggest financial commitment of your life. Here are a few hacks that could potentially save you thousands of dollars.