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Home Loans Articles

Relevant Home Loans articles and tips

Why do banks change interest rates when the cash rate is steady?

Banks, credit unions, building societies and non-bank lenders often take their lead from the Reserve Bank of Australia when making decisions about interest rates.

Home Loans2 min read

These 5 home loan traps could cost you massive dollars

Taking out a mortgage can be an intimidating and confusing process – and the banks don’t exactly go out of their way to make it simpler.

Home Loans4 min read

What is mortgage stress?

Mortgage stress is not the worried feeling you get when the news is constantly filled with speculation around housing affordability, property bubbles, or interest rate rises. Instead, mortgage stress can be broadly defined as when your household’s income doesn't adequately cover the cost of your mortgage and other expenses.

Home Loans3 min read

Hidden fee traps and how you can avoid them

RateCity spoke to Sydney mother of two, Natalie, about how she found herself falling into her banks’ fee traps, and how she’s choosing to break the cycle.

Home Loans8 min read

How can I pay my loan off faster?

Whether you have a home loan, a personal loan or a car loan, it’s likely that you’d prefer your debt to be paid off as soon as possible. The longer you owe money to a bank or lender, the more interest you’ll be charged, until the total cost eventually exceeds any benefits offered by the loan.

Home Loans5 min read

What is APRA?

APRA, or the Australian Prudential Regulatory Authority as it is officially known, is the prudential regulator of Australia’s financial services industry.

Home Loans1 min read

What is a principal and interest home loan?

Home loan repayments are either made on a ‘principal and interest’ basis or they are paid by ‘interest-only’ instalments.

Home Loans4 min read

Is it safe to get a home loan with a small lender?

While there are certainly benefits to getting your mortgage from a major bank like Australia’s Big Four, it’s the smaller lenders that tend to offer the more competitive interest rates, fees and charges that give the big banks a run for their money.

Home Loans3 min read
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