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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers, for further details refer to our FSCG. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Home Loan, you will deal directly with a financial institution, and not with RateCity.

Debt Levels

The current debt levels for Australian households is in the hundreds of billions and is increasing every year, according to data from the Australian Prudential Regulation Authority (APRA).

The amount of debt that Australian households owe consists of money borrowed for mortgages, personal loans and credit cards. However a large proportion of this overall debt is from money we have borrowed for our mortgages.

If you would like to get your debt levels down and pay off your home loan sooner, it may be a good idea to do a health check on your mortgage and compare home loans online to see if there are other loans available that offer a lower interest rate than what you are currently paying.

Check out the table below for variable rate home loans with an interest rate of 7.85 percent or less.
See all Mortgage Articles
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About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

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