If discounts are reduced by major banks, it could cost borrowers $134 extra per month. Big difference between top rate home loans and major banks’ discounted variable rates.
Cutting mortgage discounts could cost households over $40,000
Cash rate holds at 1.5%, yet mortgage stress on the rise
The RBA has left the cash rate on hold at the historical low of 1.5 per cent today. Yet, new research shows that the financial pressures of paying off a home loan are increasing.
Refinancing on the rise, as rates stall
As the RBA leaves rates on hold at 1.50 per cent today, new figures show the number of Australians refinancing their home loans is on the rise.
Rate update: who has moved
A total of 16 lenders have now confirmed they will be cutting their rates for Australian home owners, with some of the smaller lenders offering up never seen before rates as low as 3.35 per cent.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.