How To Refinance Your Home Loan in 3 Steps Refinancing is when a homeowners takes out another loan which is used to pay off their first mortgage and any secondary liens on their home. If you’re considering to refinance your home loan, it’s important to do your research to ensure you’re making the right decision. The whole process can seem too hard and difficult. Here are 3 easy steps to refinance your mortgage, lower your payments, consolidate debt or pull cash out.… Read More>>
Why should you refinance your home loan? In the competitive mortgage landscape of today, if you are paying anything more than three point something per cent on your home loan, you are possibly throwing away your hard-earned money at the banks, which you could have used otherwise. Yet, many Australian homeowners avoid refinancing their home loans – considering the process to be… Read More>>
What homebuyers must know about the RBA cash rate How does the RBA cash rate impact homeowners According to a recently-published report by Deloitte Access Economics, “Less than half (40%) of Australians meet the basic threshold for financial literacy and capability.” The report also found that a large number of Australians do not understand the relevance of RBA’s cash rate, and, its impact on… Read More>>
It’s High Time To Switch Lenders Have you checked how your mortgage interest rate stacks up against the current market average of 3.70 per cent per annum? According to Steven, a HashChing mortgage broker, “It is good to do a health check on your mortgage from time to time.” In fact, most experts would agree with Steven that homeowners must revisit… Read More>>
4 Money Saving Tips While Paying Down a Mortgage Buying a home is a major decision that will affect your finances for years to come. In addition to saving for a deposit, you must also set aside a portion of your monthly income to pay down your mortgage and to meet your regular household expenses. Is it possible to save money while servicing a… Read More>>
Top reasons to review your home loan now With the next move in home loan interest rates expected to be upward, it is time to revisit your home loan rate and review your options. Should you fix your interest rate? Should you refinance? Are you on the best possible deal in the market? And, most importantly, is your mortgage product still right for… Read More>>
Is this the time to fix your mortgage? The demand for fixed rate home loans has been on a decline in the past few months. In March, only 20 percent, or one in five borrowers opted to fix their home loans. However, there seems to be a lot of noise about a rate hike, which could send home borrowers scurrying to fix their… Read More>>
How to discharge your mortgage? Discharging a mortgage means removing it from the title to your property. Did you know that your bank holds the title to your property until your home loan is completely repaid? Besides, once you have repaid the mortgage in full, you need to follow a set procedure to discharge it or clear the title to… Read More>>
Refinancing your home loan to consolidate your debts Do you find yourself reeling under a mountain of debt that you are finding hard to manage? If so, it could be the right time to revisit your home loan. Currently, some very attractive home loan deals are available in the market from credit unions and smaller banks that are competing hard to… Read More>>
Are you paying too much for being loyal to your financial institution? Loyalty, as a virtue, seems to be overrated in the financial sector, as loyal home loan customers happen to be a fleeced lot, according to the Productivity Commission’s draft report on Competition in the Australian Financial System. Exploiting loyal customers “Although financial institutions generally have high customer satisfaction levels, customer loyalty is often… Read More>>
