Some risks with plan to abolish exit fees. But more transparency always welcome. The big difference in loan costs is interest rates, and borrowers should focus on this.
Rates matter most in exit fees war
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.
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.
Mortgage lenders turn it on for spring
Mortgage lenders have kick-started an aggressive incentive war in a bid to lure new borrowers, including offering free cash to switch and to price match on interest rates.
Credit card surcharge ban: success will be in the detail
RateCity, Australia's leading financial comparison website, today welcomed the Federal Government's pledge to ban excessive surcharges on credit card payments but warned its success would be dependent on the regulators' ability to enforce such a ban.
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.