With Australia’s household debt-to-income ratio being one of the highest in the world, individuals and families are finding it harder than ever to keep up with their repayments.
Getting a home loan can be a highly stressful experience, what with all the jargon and paperwork, not to mention the big dollars at stake.
The Pension Loans Scheme allows people who are at the age pension age to apply for a loan from the government to supplement their retirement, effectively functioning as a reverse mortgage.
Steady house prices and low interest rates are encouraging would-be buyers into the property market.
Credit problems – who has them? If you’re reading this article, chances are you have, or you know someone who has.
Why do banks bombard us with incomprehensible jargon? And what’s with all those annoying acronyms?
Paying off your home loan early doesn’t just free up valuable cash and provide the security of outright home ownership. It will also save you a bundle in interest.
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.