Earlier this week, Westpac announced it will be granting additional support to customers who have been impacted by the bushfires currently spreading across New South Wales and Victoria.
Bank Australia, the self-proclaimed ‘bank Australia needs’ is truly putting its ‘clean money’ where its mouth is with the launch of its new Clean Energy Home Loan.
If you’re a homebuyer working in law or accounting, then it could be your lucky day.
A year on from Mozo’s analysis of the rising number of ‘mortgage prisoners’, the Australian Securities and Investments Commission (ASIC) has made guideline updates to the National Consumer Credit Protection Act 2019 about responsible lending to mortgage prisoners.
They say when it rains it pours and that’s exactly what’s occured in the home loans industry within the last 24 hours.
While it isn’t one of the big four, CitiBank is still a prominent player in the Australian financial game, however, it seems that they’ve changed their tactics.
Over a third of Australian home buyers admit to lying on their home loan applications, according to recent research, and that could spell trouble, landing borrowers in a situation where they’re unable to meet mortgage repayments.
As the decade draws to a close, housing prices go up and interest rates go down, it seems only fitting to take a look back at how the property market has changed in the past five years. What did it look like in 2014 and where is it now?
Right now, home loan interest rates are at an all time low, and if you were thinking about locking in a fixed rate to take advantage, you wouldn’t be the only one. But are you prepared for the sky high revert rate that could be waiting just around the corner?
With three cuts to the RBA official cash rate so far this year, home loan interest rates have plummeted leaving many Aussies enjoying a lower rate on their current loan or jumping ship in search of a better deal.