If you and your home loan have notched up a few years together, it’s worth checking you’re still right for each other.
In March 2017, the Australian Prudential Regulation Authority (APRA) announced new measures around residential mortgage lending in order to curb investor borrowing.” These industry-wide regulatory changes apply to all lenders in the industry and potentially all property investment loans.
The average first home buyer’s loan in Australia is over $315,000 which means to save for a 20% deposit sometime in the next decade you may need to put away a few hundred dollars a month. Savings accounts are still the most popular way for Aussies to save money but with interest rates at historically low levels the returns can look pretty meagre.
Making voluntary payments on your mortgage can help you save money and own your home sooner. In this article we look at the benefits of making extra repayments and other alternatives for making your money work harder.
Home loan rates may have reached the bottom of the current cycle where they are at historic lows.
It’s good news for home owners, home-seekers and renters alike with the Reserve Bank (RBA) announcing it would keep the cash rate on hold at a low of 1.5%.
Interest rates may be at record lows but are you making the most of them? A quick check could give your investment returns a valuable uptick.
Use our handy checklist to find a broker that ticks all the boxes.
Is the property market safe as houses or becoming more of a gamble for investors?
Think you know home loans? Knowing your offset from your redraw could save you money and hassle with your mortgage.