Mortgage-holders are being advised to take advantage of record-low interest rates and refinance if they haven’t already done so. 43 per cent of Australian mortgage-holders are looking to refinance to a better rate, taking advantage of a record-low cash rate. By comparison, a survey revealed that...
Banks can be surprisingly helpful if you're unable to make loan repayments during tough times. Here are your options. They might not have the greatest public image, but in tough times, most banks will work with you should you find yourself without an income and unable...
A personal loan isn’t completely bad news in the eyes of mortgage lenders. Read on to see how your personal loans can affect your mortgage application. Any debts you have can have an impact on your mortgage application. As part of the application process, mortgage lenders will evaluate your...
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 principal and interest loans are 68 basis points below those paying interest-only loans. With the Reserve Bank...
Australians are paying more for their home loan due to complacency, at a time when mortgage-holders need the savings the most, new research has shown. Survey data released by Canstar has shown that a quarter of mortgage-holders believe they are paying too much for their mortgage. A...
A lender has lifted its rates by up to 40 basis points across both its owner-occupied and investment home loans, despite record-low rates from the RBA and cuts from its competition. ING has hiked fixed mortgage rates by up to 20 bps for owner-occupiers and by...
A mortgage is a household’s biggest expense, yet many households simply set and forget their interest rate, which is costing them thousands, two advisers have explained. In conversation with nestegg, uno Home Loans CEO Anthony Justice discussed how consumers should be looking to strengthen their position...
New mortgage-holders can now get rates for below 2 per cent, as authorised deposit-taking institutions fight for new business. According to comparison site Canstar, the official home loan rate offered by Tasmanian-owned Bank of Us is introducing one-, two-, and three-year fixed home loan rates at 1.99...
While pausing mortgage repayments may be tempting for those struggling with payments, it may be best to explore other options first to avoid some negative long-term effects. Since March, Pink Finance director Nicole Cannon said the federal and state governments have been releasing billions of dollars...
Choosing the right loan has the potential to save you thousands of dollars in repayments, fees and interest over the life of your loan. To make an informed choice you need to understand the different types of home loans you’ll come across - before you start...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.