Home loan news and advice - page 83

All the latest home loan news and top tips to help you manage your home loan.

Big bank cashback trap costs Aussie home buyers nearly $40,000

Big bank cashback trap costs Aussie home buyers nearly $40,000

If you’re planning to take out a mortgage with a big bank for the sake of their $2,000 cashback, it might be time to rethink your options. New research from Mozo has found Aussie home loan borrowers hopping onto the cashback bandwagon could be ripped off $37,294 over the life of their loan by not shopping around for a more competitive deal.*

Borrower bonanza as lenders slash rates, launch cashbacks

Borrower bonanza as lenders slash rates, launch cashbacks

Australia's home loan market is heating up for the Spring property season as lenders fight it out to win over new borrowers with a bumper crop of sharply priced home loan specials, from discounted rates to cashback deals and fee waivers.

New season, new rate: HSBC makes a modest cut to its Home Value Loan

New season, new rate: HSBC makes a modest cut to its Home Value Loan

HSBC has today slashed the rate on its Home Value Loan by 10 basis points, bringing its new variable rate to a low 3.17% (3.19% comparison rate*) for borrowers who plan to make principal and interest repayments and are looking to borrow up to 90% of the property’s value.

Westpac cuts mortgage interest rates: How does this big bank stack up?

Westpac cuts mortgage interest rates: How does this big bank stack up?

Westpac recently cut as much as 130 basis points off several of its fixed and variable home loan interest rates from its Premier Advantage package loans and Flexi loans. We’ve crunched the numbers to see how it’s new rates stack up against other home loan options around.