Vidhu Bajaj

How long does a guarantor stay on a mortgage?

Have you bought your first home by keeping your parents as guarantors on the mortgage? Work out when it is the right time to release them as guarantors.

Fuel types for cars and how they differ

Learn the different types of popular fuels required for cars and their fundamental difference.

Is home equity release the right option for you? | RateCity

Home equity release loans can help you access some of the money you’ve paid into your home without taking on additional debt.

What is a non-conforming home loan? | RateCity

A non-conforming home loan is offered to borrowers who don’t meet the standard lending criteria set out by major lenders.

What is PayPal Pay in 4 and how does it differ from other BNPL services? | RateCity

PayPal Pay in 4 is a buy now, pay later (BNPL) service available to PayPal users for breaking down their shopping into smaller, interest-free instalments payable over six weeks. Unlike other BNPL services like Afterpay, Pay in 4 doesn't charge any late fees to users on missing a repayment, but it can report the default to credit bureaus.

Payright: What is it and how does it work? | RateCity

Payright is a buy now, pay later (BNPL) service that allows you to borrow up to $10,000 to shop at select retailers and repay the amount in smaller instalments spread over three to 36 months. The platform also includes a dedicated home improvement category, and you can gain approval for up to $20,000 for spending under this category.

Can I use a personal loan to refinance my credit card debt? | RateCity

It may be possible to take out a personal loan to pay off your mounting credit card debt, but there are potential downsides to consider.

Difference between a home equity loan and a reverse mortgage? | RateCity

Accessing the equity in your home can be done via a home equity loan or reverse mortgage, but what are they? Understand what they are and how they work.

Do credit inquiries impact my credit score? | RateCity

Your credit score is a three-digit number representing how much of a risk you could pose to lenders when opening a new line of credit. It’s determined by applying some complex algorithms to the information in your credit file, which is essentially a record of your financial history.

Car insurance renewal tips to boost your savings | RateCity

If your car insurance policy is up for renewal, it may be a good time to review your cover and refresh it.