Home Loan News

Some of the best home loans in December 2020

We’re at the beginning of the end of what may be generously described as a challenging year, after months of social upheaval and economic recession. So, what are your options if you want to start 2021 strong?

ACCC: Switching home loans should be a lot easier, borrowers stand to save thousands

The process of switching home loans could be sped up and standardised across the industry, under four recommendations made to the federal government by the ACCC.

50 lenders offering home loans for less than $50 a day

There are 50 lenders now offering a total of 126 home loan under 2 per cent. That’s 40 per cent of the 124 lenders on the RateCity.com.au database with at least one home loan rate starting with a ‘1’.

Some of the best home loans for investors in November 2020

When the Reserve Bank of Australia (RBA) made a partial cut to the national cash rate earlier this month, banks and other mortgage lenders slashed their own interest rates, mostly for new customers. This may offer property investors opportunities to refinance onto lower interest rates, and potentially put themselves in better long-term positions. 

31 lenders offering home loan rates under 2 per cent

A record 31 lenders are offering, or set to offer, at least one mortgage rate under 2 per cent – almost triple the number before last week’s RBA cut last week.

The Australian suburbs where mortgage repayments are cheaper than rent

Historically cheap home loan costs and a sluggish property market are leading to mortgage repayments that are more affordable than paying rent in many cases, according to Aussie Home Loans’ Buy vs Rent report.

Australians are building the largest homes in the world

Australians are building the largest units, townhouses and houses in the world, new research reveals, bucking a six-year trend of shrinking homes, and overtaking the United States.

Best new refinancing deals for November 2020

With the Reserve Bank of Australia cutting the cash rate to a new record low of 0.10 per cent, home loan borrowers have never had more ammunition when it comes to refinancing.

Is my bank or lender required to pass on rate cuts?

After weeks of speculation about a potential rate cut, the Reserve Bank of Australia (RBA) has officially lowered the cash rate to 0.10 per cent.

Some of the best investor mortgages at the end of October 2020

Despite disruptions to Australia’s economy in recent months, and the potential for further uncertainty in the immediate future, some property investors may instead be thinking about the longer term. With property often showing its value as an asset over a longer period than other investments, it’s important to consider whether your investment mortgage not only suits your needs now, but is likely to continue to do so in the future.