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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.

Mortgage Debt

Mortgage debt is rising in Australia as property prices increase and more people borrow money above their budgets. The lack of supply for housing in Australia and the high demand for property is driving the increase in prices. Australians who want to buy property have little choice but to acquire a high mortgage debt. There are ways to reduce your mortgage debt by:

  • Setting a budget and sticking to it a?? the more you borrow to purchase a property, the higher the costs of taxes, fees and repayments
  • Making higher repayments on your home loan a?? this will lower your debt and save you money in interest charges.

Check out the rates below for 1 Year Fixed Home Loans or go to our fixed rates home loan page for more great offers.

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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