Home Loans Articles

Can you extend an interest-only mortgage repayment period?

Even if your lender allows you to extend an interest-only repayment period, you should still prepare for the increased payments later.

Real Estate Investment Trusts (REITs): A jargon-free guide

Learn about REITs, equity and mortgage REITs in this jargon free guide made by RateCity

When should I see a mortgage broker?

Struggling with your home loan application? Unsure about the terms and conditions? These are just two of the many reasons to use a mortgage broker.

Buying an apartment in Sydney vs other capital cities

Sydney is renowned for its landmarks, its beaches… and how expensive it can be. This is especially true when it comes to the property market, with Sydney often leading the country in dwelling prices. So, if you have the option, would you be better off buying a unit in Sydney, or a unit in one of Australia’s other capitals? 

When building a house, when do you start paying the mortgage?

When you need to start repaying the mortgage on a new building really depends on your lender, so make sure you know before you start building to help minimise the financial burden.

What's the real cost of buying your first home?

Deciding when you are ready to buy your first home plagues a lot of people. It's a big financial commitment and as most of us know, life doesn't always go according to plan. The biggest factor for most is the monthly repayments but often we overlook the other home loan costs that come with purchasing our first home.

How to refinance your way to mortgage savings

Changing your home loan might be the last thing on your mind, but if you’re willing to spend an hour or two researching your options, you could save thousands of dollars.

What does the government offer for first home buyers?

Purchasing your first home is generally the largest purchase most Australians will have made. Buying your fist home is both an exciting and worrying time for most Australians. With low interest rates in Australia it is a great time for new buyers to enter the market.

Are honeymoon rates a good way to find the best mortgages?

Honeymoon rate mortgages are also known as introductory mortgages because banks often tempt you with a low rate for the first few years of your home loan. RateCity has found some of the lowest rates on introductory mortgage rates to bring you one step closer to your new home.

Are bigger mortgage lenders better? 

Bigger doesn't always mean better. When it comes to shopping around for a competitive home loan don't restrict yourself to big banks or well-known brands, as smaller lenders could save you more money.

How to pick the right home loan for you

Choosing the right home loan can feel like drawing straws. There as so many Australian lenders and once you choose one, you then have to decide on the different home loan types they are offering. That is why it's essential that you carry out your own home loan comparisons so that you know what's going to work best for you.

Should you make the switch to fixed rates?

With home loan interest rates at the lowest seen in years, homeowners are wondering if it is a good time to switch over to a fixed rate.

Five ways to make money from property in 2023

Property investment is one of Australia’s favourite wealth-building strategies. Compared to some other investment types, real estate is relatively simple to understand and get into, and offers several avenues for aspiring investors to potentially enjoy healthy returns, in both the short and long term.

What is a shared equity mortgage?

A shared equity mortgage is a scheme where the individual shares the ownership of the home with the mortgage lender or a third party.

How does a home loan partnership work?

Applying for a home loan in partnership with someone may help you increase your borrowing capacity, but both of you share the financial responsibility, which may make it complicated.

Paying off your mortgage vs investing

Should you pay off your mortgage or put more money into other investments? Explore the options before making your decision.

What should be on your home loan checklist?

Do you know your offset option from your redraw facility? Home loans come with so many features that it can be confusing to get your head around what you will need and what you can live without, particularly if you are a first home buyer.

Can you get a home loan on a visa?

It is possible to get a home loan in Australia if you’re on a visa, though the process could be more complex than for Australian citizens and permanent residents. Understanding some of the requirements for a mortgage with a visa could help you to compare your options and make a decision that suits your needs.