Senate allows exit fee ban to go ahead from July 1, 2011. Many borrowers still hit with high switching costs including lenders mortgage insurance. How borrowers can save on switching
RateCity welcomes Senate decision to keep exit fees
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.
Interest rates to fall to new historic low tomorrow
Interest rates are set to hit a new historic low of 1.50 per cent when the Reserve Bank Board meets tomorrow.
Borrowers warned against enticing honeymoon rates, which leave $80,000 sting in the tail
Lenders are flooding the home loans market with enticing honeymoon rate deals, which revert to much higher rates once the introductory period expires.
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.