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Archive for the Home Loans category

Apr

Finding the best mortgage

posted by admin in Home Loans, Mortgage Refinancing

With an advertising war raging amongst the banks for market share, borrowers, including first home buyers as well as mortgage refinanciers, can reap some benefits. Claims by some credit unions for example suggest that the best mortgage can save a borrower up to $35,000 over the 15-year life of a $300,000...Read more...

Feb

The cost of refinancing the mortgage

posted by admin in Banks, Exit Fees, Home Loans, Mortgage Refinancing

comments (3)

Finally, disgruntled bank customers will be able to switch home loans with impunity from the middle of next year under an overhaul of the banking sector designed to break the dominance of the big banks. It appears that there is a "war" on between the banks. The simple fact however is that since the...Read more...

Sep

Are credit unions a better alterative to banks?

posted by admin in Banking, Home Loans

comments (2)

Credit unions and banks appear to have been at loggerheads over claims that television advertisements have been deceptive in their claims. The television ad claimed that home loan borrowers could save tens of thousands of dollars by taking out a mortgage with a credit union. The banks complained that...Read more...

Jul

New lending up

posted by admin in Credit Card Debt, Home Loans, Housing Market

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Data released last week shows a surprise bounce in new lending to home buyers. The number of new owner-occupied home loans rose 1.9 per cent in May, the first increase in eight months. Lending to housing investors continued its recent surge, rising 2.6 per cent in value, and has now swelled by 35 per...Read more...

Jul

Top reasons why borrowers fail to get a loan

posted by admin in Home Loans

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One of the repercussions of the GFC is that banks and non bank lenders have tightened the criteria on borrowers. The criteria lenders use to approve home loan applications will remain tight for the foreseeable future which could affect the goal of buying a home for many Australians. It is useful to understand...Read more...