Major banks turn their back on home loan cashbacks
Home loan customers will be interested to know that some banks are ending their current cashback offers for refinance home loans.
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You can score up to $5,000 cashback for refinancing
If rising repayments have you itching to switch on your home loan, you’re not alone. Refinancers are in high demand, with lenders bringing out all the stops to win over eligible borrowers. You could walk away from your refinancing with a bonus of more than $3,000 in your pocket.
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Australian rental increases the highest on record in capital cities
Australian capital cities have experienced the strongest annual rental increase in history, says CoreLogic.
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How borrowers can combat the housing affordability crisis
We’ve heard for a while now that we’re in a housing affordability crisis, and many Aussies feel like home ownership is increasingly becoming out of reach for them.
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5 great home loan features – and the sneaky reasons lenders offer them
Everyone knows about home loan interest rates, especially since they’re quite high at the moment. But if you’re just starting your property-buying journey, what other features should you consider in a mortgage? What are the pros and cons? And why does your lender offer them in the first place?
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Will the RBA hike the cash rate in May 2023? CBA, ANZ, NAB, and Westpac home loan predictions
After ten consecutive rate rises, the Reserve Bank of Australia astonished home loan borrowers with a dovish pivot in April, voting to leave the cash rate on hold at 3.60%.
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May home loans snapshot: Lenders quietly cutting fixed rate home loans
The Reserve Bank’s relentless rate hike campaign — which commenced in May last year and has brought the cash rate to its highest level since 2012 — paused last month. Giving homeowners a temporary reprise from watching their monthly mortgage repayments increase.
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Home loan relief as NAB cuts fixed rates by up to 60 basis points
As the consumer price index eases down to 7%, banks are increasingly looking at cutting their fixed interest rate loans with the expectation that the Reserve Bank of Australia (RBA) will continue to halt the cash rate.
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Home loan question: Do children lower your borrowing power?
When a lender looks at your home loan application, one of the main things they look at is your borrowing power.
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Why now could be the best time to refinance your home loan
The last year has been wild – between Reserve Bank rate hikes, plummeting property prices, and cost of living pressures, many borrowers have copped it at all angles. Not to mention we’re rapidly approaching the fixed-rate mortgage cliff – yikes.
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