Westpac extends mortgage assistance for COVID-19 affected households
Westpac has handed struggling homeowners another lifeline, announcing further extensions to its COVID-19 hardship support program.
Australia's best home loans for May 2020
If you’re on a mortgage holiday that may soon be coming to an end, or have been putting off your dreams of home ownership, it could be worth looking at the best home loans of May 2020, as rated by RateCity's Real Time Ratings.
NAB checking repayment ability of mortgage relief customers for COVID-19
If you’re one of the 80,000 NAB customers who deferred their mortgage repayments due to financial strain from the COVID-19 crisis, you can expect a call from your bank shortly.
Lenders offering home loan cashback this month
While many borrowers are tightening their belts and watching out for better home loan deals to help protect their finances, some mortgage lenders are offering incentives to attract the business of new borrowers, including cashback deals.
Five ways to protect your finances from a COVID-19 hangover
The economic impact of COVID-19 is expected to last for two years, but there are ways that everyday Aussies can protect their finances for the foreseeable future.
What is a cooling off period, and how do they work?
A cooling off period is a length of time that follows signing a contract to purchase property, during which a buyer can choose to terminate the agreement without being in breach of contract and losing their deposit. This gives you a window of opportunity to change your mind about a property purchase if your circumstances change, or you decide it’s not right for you.
The calm before the storm: home lending up in March
New figures released from the Australian Bureau of Statistics (ABS) show that new home lending rose slightly in the month of March.
Record low rates easing the burden for mortgage holders
The Reserve Bank of Australia (RBA) has kept the cash rate on hold at 0.25 per cent at a time when a growing number of Australians are struggling to make their monthly repayments.
Variable rates hit new record low ahead of RBA meeting
While the cash rate is set to remain at 0.25 per cent at this Tuesday’s RBA meeting, home loan rates continue to fall, with a new record low variable rate of 2.29 per cent.
No crash for housing prices yet as homeowners hope for market bounce
Residential property prices in Australia’s capital cities are yet to come down, despite a drop in sales volumes and number of listings due to COVID-19.
Are home loan interest rates so confusing that they’re costing you money?
A new ACCC report has found that a lack of price transparency may be making it harder for Australians to compare home loans, and that mortgage holders staying loyal to their bank could be missing out on significant savings.
Getting a home loan in the time of corona
With everyday life being put under lockdown thanks to the pandemic, and the spectre of recession hanging over our heads, the normally familiar path to property ownership has become more complex.
Home lending falls in February: a sign of what’s to come
New ABS figures out today show the value of new loans settled in February fell 1.71 per cent month-on-month in seasonally-adjusted terms.
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