Posts Tagged ‘Home Loans’

The financial Plan B for Australians who won’t buy a home

You’d have to have been living on Mars for the past decade to not be aware that house prices, especially in Melbourne and Sydney, have risen sharply. The combination of extremely low interest rates, a growing population, and in some cases a lack of supply of new homes, has resulted in existing home owners becoming wealthy, at least on paper, and those outside the home ownership club … Read the full post »

Choosing a Home Loan – Part 2

When choosing a home loan, there are a lot of questions you should be asking yourself before deciding on which loan to commit to. RateCity recommend considering the following questions:
1. Are there Exit Penalties?
When choosing a home loan, most people pick a larger fixed term of about 30 years, as this makes the monthly repayments cheaper; however you need to look out for exit penalties that may apply if … Read the full post »

Choosing a Home Loan – Part 1

When it comes to home loans, there are hundreds of finance companies available to choose from. Deciding which lender to work with can be a somewhat time consuming process, but it is the most important step. Not everybody has the time to do all of the research themselves, and without knowledge of the industry it is even more difficult. For this reason, it can be extraordinarily helpful to have a … Read the full post »

Home Lending on the Up

According to the Housing Industry Association (HIA), the number of loans for new dwellings has risen for nine consecutive months, pointing to a modest recovery emerging for residential construction. New home lending figures are in contrast to the surprise negative building approvals figures for May and show that the housing sector continues to be buoyed by the first home buyers grant and low interest rates.

First home buyer activity continues to … Read the full post »

Fixed or variable homes loans – which is better?

With interest rates falling dramatically over the past few months, the key question is whether or not borrowers should fix their home loans. Almost every industry expert has a different view. Some senior economists are forecasting further large falls in the RBA cash rate whilst others say we’re nearing the bottom of the cycle. To the ordinary borrower, it can all be very confusing.

Of course, the reasons for choosing a … Read the full post »