5 tips to avoid mortgage prison
The threat of ‘mortgage prison’ has been bearing down on Aussies in the wake of continued interest rate hikes and tightening economic conditions. However, many borrowers still have a chance to avoid this trap.
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More homeowners take action against interest rate hikes, says AMP
As interest rate hikes continue to pressure household budgets, more borrowers are beginning to feel the pinch with most doubtful that the pressure is going to let up anytime soon.
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Property settlements double in 4 years despite hurdles of 2023
Australian property sale settlements have almost doubled over the last 4 years according to new information from data research firm, PEXA.
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Are you facing mortgage stress? More than 100,000 Australians could be too
Pressure is building on more Australians after yet another hike in the cash rate was announced by the RBA. To make matters worse, according to a report by fintech Otivo , more than 100,000 Australians are set to fall victim to mortgage stress with the wealthiest suburbs set to be hit with the brunt of it.
ubank now offering $5,000 cashback to new home loan customers
Digital lender ubank, a subsidiary of NAB, is now offering new home loan customers and refinancers up to $5,000 when they sign up — among the most generous cashback offers from lenders we track.
Do 35-year home loans help or blow out your costs?
The length of your mortgage is perhaps something you’ve put on the backburner, along with how much your energy bill will come to after this humid summer and whether you might be overdoing it with too many streaming services.
February RBA hike: which banks have increased home loan rates
Last Updated: 13 February at 11:30am
How to deal with rising home loan rates in 2023
For several years, borrowers enjoyed enjoyed historically low mortgage rates. But a series of steep interest rate increases by the Reserve Bank of Australia beginning last year now has us looking at a much different picture.
How high will mortgage rates go in 2023?
The nation’s borrowers are feeling the pinch as the Reserve Bank’s war against inflation translates to higher home loan rates. But just how high are rates — and your mortgage repayments — expected to go?
AMP Bank acquires Nano’s home loan books as fintech exits the mortgage market
Digital lender Nano will be offloading its home loan books to AMP Bank, following its transition away from lending and towards financial services.