When people apply for a home loan, they often go with one of Australia’s Big Four banks: ANZ, Commonwealth Bank, NAB or Westpac. These are household names you might naturally consider first, but they don’t typically offer cheap home loans.
Whether you’re sending money overseas for personal or business reasons, finding a good exchange rate is key to getting the most value from your transfer. You could use a major bank or a specialist international money transfer provider – it's tricky to know which is best.
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Whether you're looking to consolidate debt, finance long-planned home projects or simply access some extra cash, there are a lot of ways to make a personal loan work for you,.
While having bad credit will never work in your favour, it does not necessarily mean you are ineligible for a personal loan. There are plenty of loans available to people with bad credit or marks on their credit history - things might just look a little different.
Is it possible to lose your home loan deposit after a property deal gone bad? The short answer is yes, you can, but it depends on where you live in Australia and the contract of sale terms.
The Australian Energy Market Operator (AEMO) has announced a new goal for itself to be capable of handling 100% renewable energy penetration on the grid by 2025.
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Whether you regularly do your grocery shopping online or just on occasion, you might be interested to hear which online supermarkets are ranked best by your fellow Australians.
Personal loans are a big commitment, but if you’ve been learning towards a secured personal loan and aren’t really sure how this whole collateral thing works, you’re not alone. This is one of the more frequently asked questions about personal loans - and we want to help clear things up!
Ever wondered a drawdown means? In simple terms a loan drawdown is the release of funds under an agreement with a lender.
Receiving payment through Centrelink or having a small income can make getting a credit card more difficult, but it does not necessarily disqualify you.
Rent-to-buy (RTB) scheme, also known as rent-to-own scheme, is a leasing agreement that gives renters the chance to buy a home at the end of a fixed rental period (usually three to five years).
NBN Co. has offered over $5 million in ‘relief credit’ to internet service providers, but has ignored calls to reinstate measures it implemented earlier in the COVID-19 pandemic. The proposed relief comes after half of Australians re-entered lockdown, causing online traffic to increase by 30-40%.
Hands up if you haven’t shown your superannuation enough love? In the past you probably wouldn’t have been alone, but new research has revealed that a majority of Australians are now actively engaging with their super.
Tired of staring at the same four walls? Well, drop that glum expression and get ready to have a great time! We’re about to show you how to have a fabulous overseas trip from the comfort of your own couch. Plus, the best part is that it doesn’t have to cost a cent!
Last week, the Commonwealth Bank of Australia (CBA) announced a new partnership with sister telco providers Tangerine and More Telecom that will see the bank offer its customers discounted broadband plans.
New research has revealed that a combination of government assistance and record low interest rates has helped cut mortgage stress to ‘near record’ low levels, yet a significant number of Australian homeowners remain under pressure.
Banks have begun rolling out renewed support this week for customers facing financial hardship as a result of COVID-19 lockdowns and restrictions.
As the hundreds of thousands of Australians who take out a new home loan or refinance every year will attest to, applying for a loan and getting it approved can often be painful.
Paying down your car loan early can be a great idea, but it also might not be. The truth is, in some cases clearing car loan debt can be a savvy option and can improve your financial situation. However, in others it can have the opposite effect and impact your ability to afford things or pay off other forms of debt. Essentially, it’s all about you and where you financially stand. So what’s the right choice for you? That’s where our pros and cons list comes in handy! Read on as we weigh up the advantages and disadvantages of paying off a car loan ahead of time…
Home loan rates for residential property investors have reached the lowest point they’ve been in years, and Australia’s online mortgage lenders are the providers at the forefront of the push towards sharper rates.
Drivers searching for a usage based car insurance policy will soon have another option to add to their list. Set to launch this month, Koba Insurance is designed to offer reduced premium costs to people who clock up less than 7,000km per year on the road.
Australians have had more than $7.2 million stolen by scammers who gained access to their home computers, said the Australian Competition and Consumer Commission (ACCC).
A new report from Financial Rights Legal Centre has found many insurance customers aren’t being properly supported when making a claim for property damage due to extreme weather events.
Telstra has announced a range of new deals on their fast NBN plans, offering credit on your bill and no connection fee for new customers along with a 3-month standard BINGE subscription for new subscribers.
Westpac, ANZ, NAB and CommBank have already or plan to close down 350 bank branches between January 2020 and Christmas 2021.
Mozo has found that 81% of Australians are loaded up with streaming subscriptions to stay entertained, but failing to cancel subscriptions could prove a costly mistake.
The NSW government has unveiled a support package for Sydney households and businesses struggling to stay afloat as the state enters its third week of lockdown.
The Australian Securities and Investments Commission (ASIC ) is urging 40,000 Australians who bought life insurance through the formerly ANZ-owned OnePath to apply for refunds.
Unequal pay and workplace barriers for women are about to go under the microscope in a new state government inquiry into employment inequality for women in Victoria.
OVO Energy has just announced its exciting new OVO Drive offer, which could save Aussie electric vehicle owners as much as $300 per year (or the equivalent of 6,700km of driving distance).
New non-bank lender TechLend is offering home buyers interest free bridging loans with same day pre-approval, which it’s likening to buy now pay, later of home loans.
The NSW government has partnered with KPMG to develop a tool that will measure the quality and insurability of homes in the state. The so-called Building Assurance Solution (BAS) tool aims to provide both home buyers and insurance companies with a trustworthy rating for residential buildings in NSW.
If you’re on the hunt for a new home or are preparing to farewell your current abode, you’ve probably heard whispers about the best seasons for buying or selling property.
Online lender Tic:Toc has surged ahead of competitors to offer the lowest variable home loan rate in the Mozo database after a 15 basis point cut this morning.
Understanding life insurance is certainly not for the faint of heart. There are so many different terms to wrap your head around, not to mention the choice between superannuation life insurance and standalone cover.
A recent World Bank report found that 16.6% of Australians were making a living outside the typical full-time work arrangement. But while freelancing and contract-based work might suit you, you're likely to run into some problems when trying to get a home loan approved.
The Reserve Bank of Australia handed down its latest monetary policy decision this afternoon, keeping official interest rates steady at 0.1 per cent while announcing key changes to the rest of its support program.
With Aussies around the country still feeling the effects of the ongoing COVID-19 pandemic, many of us will be spending these cold winter months at least partially working from home. We’ve already discussed here at Mozo how working from home can add more than $500 to your energy bill every six months, and with heating a necessity during the coldest period of the year it’s important to find ways to keep your house warm without breaking the bank.
New figures from CoreLogic have confirmed what many Australians already knew: property prices have surged in the past year.
Mozo has crunched the numbers and come up with six ways you can set yourself up to save thousands when the world returns to normal.
It’s been another busy month in the world of home loans with plenty of lenders adjusting interest rates up and down.
Figures from a study conducted by Members Equity (ME) Bank has highlighted a number of trends in the still very busy property market. The data shows over two-thirds of first home buyers are accepting the need to compromise on certain requirements to buy a property, as well as the rise in solo applicants.
In an effort to combat the effects of climate change, Firstmac is offering discounted home loans to borrowers who are buying or building green homes with a Nationwide House Energy Rating Scheme (NatHERS) rating of 7 or higher.
Howdy folks! It’s July 1st, which brings us to a new financial year. It goes without saying that the past twelve months have been one wild ride.