Home Loans Articles

Relevant Home Loans articles and tips

What is the Reserve Bank’s official cash rate and why should I care?

The Reserve Bank of Australia’s official cash rate is the overnight money market interest rate that the RBA charges on overnight loans to commercial banks.

Home Loans2 min read

What is a mortgage broker?

A mortgage broker is an individual or company that acts as a middleman between the borrower and the lender. The borrower is usually an individual who wants to buy property, while the lender is a bank or a non-bank lender.

Home Loans3 min read

How much is Lender’s Mortgage Insurance?

Because Lender’s Mortgage Insurance (LMI) can be a significant extra expense when purchasing a property, it’s important to include it in your budget when calculating whether you can afford a home loan, to avoid finding yourself in financial stress at the very start of a 30-year mortgage term.

Home Loans3 min read

The lowest rates from the biggest banks

Ever wondered which of the high-profile banks offers the cheapest home loan?

Home Loans2 min read

Save $1,000 by next Christmas by doing this one thing

If you’re the kind of person who has trouble saving, avoid complicated budgets and the guilt and stress that comes from unexpected expenses by following this one simple savings tip today.

Home Loans3 min read

The cheapest home loans on the market

You might be surprised to learn that various lenders are currently offering some of the cheapest mortgage rates in Australia’s history.

Home Loans3 min read

What is LVR?

LVR stands for Loan to Value Ratio, and is a comparison of how much you’re borrowing with your mortgage (the Loan) to how much the property you’re purchasing is worth (the Value).

Home Loans2 min read

Using a reverse mortgage to pay for retirement

The average age of borrowers taking out a reverse mortgage is 75, so many Aussies are turning to reverse mortgages to pay for their retirement.

Home Loans5 min read
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