For first home buyers,is it worth getting a mortgage broker,or just working it out yourself?
Finspo plans to develop technology that would automate part of the mortgage broking business by generating advice to help clients pick a loan.
Mortgage brokers are getting calls from homeowners seeking a bigger change than refinancing or asking for a better deal,but it’s not for everyone.
Monthly mortgage repayments for a $500,000 loan jumped 42.2 per cent while the wage price index grew 2.7 per cent between March and December.
Debt-laden families struggling with rising interest rates are being warned of the risks involved in one strategy to cut their monthly repayments.
Rising numbers of homeowners are unable to refinance into a more suitable home loan as interest rates rise,and a perfect payment history isn’t enough to save them.
Chelsea Brown has cut back on going to restaurants and cafes,but as interest rates rise,even an errant light left on in an empty room draws her attention.
About 500 Victorian households are at risk of falling behind on their mortgage with every extra Reserve Bank rate rise,and in some suburbs one in 40 borrowers is already late.
If you are a little – or a lot – stretched on your mortgage repayments,here are some things to try.
Late January is the peak time to think about getting a better job,but anyone hoping to buy a home or refinance a mortgage,be warned.
Lendi Group boss David Hyman says the growth in interest rate discounts and cashbacks that banks are offering to lure home loan customers may be unsustainable.