As some Sydneysiders fall behind on their repayments in the cost-of-living crisis,other neighbourhoods are better placed to keep up.
Major banks are engaged in a rearguard action to retain relationships with home loan customers,after the transformative rise of mortgage brokers.
Matt Comyn is expecting some relief for households over the next year after a post-pandemic downturn that has depleted household savings to historic lows.
Experts feared late last year that many home owners would not be able to cope with their mortgage rates tripling after their fixed rates expired. But new data shows how they held on.
Your children will receive an inheritance one day – it will be much more useful and impactful now than in 20-odd years.
Seniors are using their home’s equity to take out loans at greater rates than ever,but there’s a risk they may be “eating their house” too early.
One-in-five mortgage brokers did not write a single loan in the six months to March 2023 and could be out of touch with the market.
When you see your accountant to do your tax return,you could be introduced to a mortgage from Unloan,a division of CBA.
After an outbreak of fierce competition in the $2.1 trillion mortgage market,analysts are pointing to signs big banks are no longer offering home loan rates that are near the cheapest available.
Some banks are poring over applicants’ recent bank statements to ensure they can afford to service a loan at today’s higher interest rates.
Though most borrowers in Australia opt for monthly home loan repayments,making repayments fortnightly instead could provide greater savings.