Home Loans Articles

Relevant Home Loans articles and tips

Three mistakes home buyers make


RateCity Staff

RateCity Staff

( 4 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.


Mark Bristow

Mark Bristow

( 3 min read )

What is LVR?

LVR stands for Loan to Value Ratio, and is a comparison of how much you’re borrowing with your mortgage (the Loan) to how much the property you’re purchasing is worth (the Value).


Mark Bristow

Mark Bristow

( 2 min read )

How do mortgage brokers get paid?

How much does a mortgage broker cost? How do brokers make their money? And can this affect which home loans your broker recommends? For the answers to these questions and more, read on:


Mark Bristow

Mark Bristow

( 4 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.


Mark Bristow

Mark Bristow

( 3 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.


Mark Bristow

Mark Bristow

( 5 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.


Mark Bristow

Mark Bristow

( 3 min read )

What the new bank levy could cost you

One surprise to come out of Australia’s 2017 Federal Budget was the introduction of a new 'budget repair' levy on Australia’s big banks.


Mark Bristow

Mark Bristow

( 5 min read )

Good debt and bad debt – how to consolidate and save

Even if you didn’t pay much attention to the 2017 federal budget, you may remember how it was presented a little differently. Rather than focusing solely on surpluses versus deficits, the federal government sorted its borrowing into "good debt" and "bad debt".


Mark Bristow

Mark Bristow

( 7 min read )

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