Mortgage brokers
Home loan mistakes to avoid during the cost of living crunch
Some banks are poring over applicants’ recent bank statements to ensure they can afford to service a loan at today’s higher interest rates.
- by Tawar Razaghi
Latest
Analysis
Home loans
This simple switch could help you pay off your mortgage quicker
Though most borrowers in Australia opt for monthly home loan repayments, making repayments fortnightly instead could provide greater savings.
- by Caterina Hrysomallis
Analysis
Home loans
The questions all first home buyers should ask mortgage brokers
For first home buyers, is it worth getting a mortgage broker, or just working it out yourself?
- by Caterina Hrysomallis
Fintech Finspo aims to roll out ‘robo mortgage broking’
Finspo plans to develop technology that would automate part of the mortgage broking business by generating advice to help clients pick a loan.
- by Clancy Yeates
As interest rates rise, a last-resort plan to slash home-loan costs
Mortgage brokers are getting calls from homeowners seeking a bigger change than refinancing or asking for a better deal, but it’s not for everyone.
- by Jim Malo
Household budgets squeezed as increased mortgage costs soar above wages growth
Monthly mortgage repayments for a $500,000 loan jumped 42.2 per cent while the wage price index grew 2.7 per cent between March and December.
- by Jim Malo
‘Sting in the tail is horrifying’: Hidden cost of home loan hack
Debt-laden families struggling with rising interest rates are being warned of the risks involved in one strategy to cut their monthly repayments.
- by Tawar Razaghi
Up to one in five Australian borrowers could be in mortgage prison
Rising numbers of homeowners are unable to refinance into a more suitable home loan as interest rates rise, and a perfect payment history isn’t enough to save them.
- by Jim Malo
‘Rein in my choices’: Rate rises squeeze Melbourne homeowners
Chelsea Brown has cut back on going to restaurants and cafes, but as interest rates rise, even an errant light left on in an empty room draws her attention.
- by Jim Malo
The Melbourne suburbs where homeowners can’t pay their mortgage
About 500 Victorian households are at risk of falling behind on their mortgage with every extra Reserve Bank rate rise, and in some suburbs one in 40 borrowers is already late.
- by Jim Malo and Tawar Razaghi
Opinion
Home loans
In mortgage prison? How to get out of jail (almost) free
If you are a little – or a lot – stretched on your mortgage repayments, here are some things to try.
- by Nicole Pedersen-McKinnon