How are responsible lending laws changing in 2021?
It’s been more than two years since the banking royal commission handed down its recommendations for reforms across financial service industries in Australia.
Read More
Athena pays off a customer’s home loan for 1 year
From consistently killer rates to their unorthodox approach to lending, Athena home loans has been changing the home loans game since day one. Maintaining its reputation, Athena has broken the status quo once again by paying off one lucky customer’s home loan for an entire year!
Read More
Women are behind in property ownership, says CoreLogic
A new CoreLogic report into women and home ownership shows men dominate real estate in Australia.
Read More
March home loan snapshot: Greater Bank and NAB roll out further fixed rate cuts
2021 may have barely begun, but it’s already been a busy year on the property front. Values have increased across the country and the appetite for new loans from both owner occupiers and investors shows no sign of easing up just yet.
Read More
Australia's cheapest home loans revealed
Finding the right home loan could mean the difference between tens of thousands of dollars in interest saved over the life of a loan, but Aussie borrowers can be forgiven for finding it hard to pick the best option given the mountain of different lenders and rates available.Thankfully, with over 50 years of financial services experience between them, the Mozo experts have a serious knack for identifying great value loans. And they used it to compare 436 loans from 86 lenders in the annual Mozo Experts Choice Awards, to identify the best value options for Aussie borrowers.So whether you’re refinancing, investing or looking to buy a new home, read on for some of the best, low rate home loans on the market to help you start saving today.
Read More
Lenders launch ultra low rates for refinancers
Hot off the press: Big-name lenders UBank, Suncorp, Athena and Loans.com.au have just dropped brand new refinance deals - each of which offers killer variable and fixed rates in return for a generous deposit or equity on your property.So if you've built up some decent value in your property, these new offers could be your opportunity to save thousands and take years off your mortgage by refinancing. Home buyers lucky enough to have saved up enough cash to pay for a larger home deposit up front can also take advantage of these stellar new rates.UBank's fixed home loan sits competitively at a crazy-low 1.75% fixed rate for 3 years (2.22% comparison rate*), while Suncorp has dropped its 2 year fixed rate to just 1.89% (2.94% comparison rate*) and Loans.com.au is still making headlines with an introductory 1.99% discounted variable 1 year home loan rate, that rolls over to a low ongoing 2.48%. Meanwhile, online lender Athena has introduced a variable rate home loan worth celebrating with a jaw dropping 2.19% variable and comparison rate*.So, if you’ve been holding out for the right refinance loan, then today could be your lucky day! Now, let’s take a closer look at what these new loans have on offer along with some of the other lowest refinance rates on the market right now...5 new home loan rates refinancers need to know about
Read More
With property value rising should your mortgage rate be falling?
As property values once again chart an upward trajectory, home equity will be increasing for many Australians. But are mortgage holders missing a trick by failing to refinance to the lower rates available for borrowers with greater equity?
Read More
NAB cuts 5-year fixed rates by 0.55%
National Australia Bank made a number of changes to its fixed rate suite today, cutting rates for both owner occupiers and investors by between 5 and 55 basis points.The major bank reserved the largest cut for the 5-year term on the Tailored Home Loan (Choice Package). As of today, owner occupiers looking to fix long-term can now access rates as low as 2.24% p.a. (3.66% p.a. comparison rate*).Today’s reductions also saw headline rates for 3-year terms dip below the 2% mark, bringing them in line with NAB’s 4-year option, which has offered 1.98% p.a. (3.69% p.a. comparison rate*) since November last year.NAB executive of home ownership, Andy Kerr said the new rates are among the lowest offered by the bank.“Both our 3- and 4-year fixed rates for owner-occupiers paying principal & interest are now below 2 per cent, a level that would have seemed unbelievable just a few years ago. These changes will also offer our lowest ever rate to property investors,” he said.
Read More
Property boom survival guide: Should you have a fear of missing out?
There’s been plenty of talk about how hot the property market is in 2021. Listings are up, auction numbers are spiking and home loan deals are being seized upon. Presumably many buyers have seen some daylight amid Covid-19 related news and fronted up to open homes with open wallets.
Read More
February home loan snapshot: UBank drops new leading fixed rate amid more cuts
It may be a new year, and the three Reserve Bank interest rate cuts of 2020 may be slowly disappearing in the rearview mirror, but the home loan rate cut trend hasn’t let up in 2021.
Read More