Home loans

Demand for fixed rate home loans perks up

DEC 06, 2010

Demand for fixed rate mortgages has perked up after last month's spike in home loan rates, while some homeowners are looking to switch to a smaller house.

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New homes: off-the-plan boost

JUL 13, 2010

There has never been a better time to buy a new home in NSW.

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Taking the stress out of a mortgage

NOV 06, 2009

In September, the Fujitsu Mortgage Stress Survey (a rolling survey of 26,000 consumers) reported, "Mortgage stress relief for many as unemployment stays low, but rate rises will have an impact on some households."

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Home loan shock: beware traps in the fine print

AUG 24, 2009

When Money reader Phil took out a home loan with ING Direct back in 2006, the contract he signed was very different to the contract that’s been handed to him now.

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ANZ, NAB

Breaking your mortgage terms: is it worth it?

JUL 01, 2009

Homeowners who fixed their rate back in 2007 are paying around $650 a month more on a $300,000 mortgage and probably still have another year of being locked in. Chances are these homeowners have already been dealt the harsh reality that if they break their expensive fixed-rate loan in favour of another, cheaper fixed rate, they’d be no better – if not worse off.

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Beware of the home loan small print trap

JUN 02, 2009

I’ve had a money reader gripe about redraw which really surprised me, but before I get to that I should explain what redraw is for those who may be hazy about it Redraw is a facility that’s available with most home loans. It allows borrowers to make extra loan repayments when their cash flow allows, and access to the funds whenever, and for whatever, they like. It’s a great feature to have on a loan because it saves you money.

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ANZ, NAB

Exit fee free homeloans: are they worth it?

SEP 29, 2008

NAB has launched a home loan with no early-exit fees, in response to the federal government’s request to banks early this year.

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NAB

Small fry takes on on the big banks

APR 10, 2008

BankWest has introduced a new home loan which aims to beat the big banks.