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Home Loans Articles

Relevant Home Loans articles and tips

What is a mortgage calculator?

A mortgage calculator is an online tool that shows you how much you’d have to repay based on different home loan scenarios.

Home Loans3 min read

What is a non-bank lender?

A non-bank lender is a financial institution that offers mortgages and other types of loans, but which doesn’t hold a banking licence.

Home Loans3 min read

Why it would be good if the RBA raised rates

The Reserve Bank hasn’t raised interest rates since 2010, so it will be terrible when it eventually happens, right? Well, no.

Home Loans3 min read

Why do home loans get rejected?

Having a home loan rejected can be incredibly frustrating, especially if you’ve put a lot of time and effort into your application. While different banks use different criteria to assess home loan applications, there are a few common issues that could see your mortgage application rejected:

Home Loans5 min read

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
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