All four of the Australian major banks will increase their standard variable rates by the end of next month. This will give home loan customers a rate rise at a time when the RBA has left the official cash rate on hold.
If you have a variable mortgage with one of the Big Four, now is a great time to review your options and see what better deals are available. Save interest and get out of debt faster
Read MoreCBA has announced that effective November 20th, they will increase their standard variable home loan rate by 0.15% This comes at a time when the RBA has left the official cash rate on hold. CBA is the second major bank to give their mortgage customers a rate rise. Last week Westpac announced that their variable rate is increasing by 0.20%
If you have a variable rate home loan, then now is a good time to shop around for a better deal!
Read MoreWestpac has announced that they will increase interest rates on all variable mortgages by 0.20%. The changes come into effect on November 20th. At this time, it is not known if other banks will follow suit. It seems to be a good time to start considering fixing a portion of our home loans
Read MoreBuying an investment property in Australia, has suddenly become more difficult. Several lenders have adjusted their policies toward residential investment mortgages, and all the changes have made it more difficult for borrowers.
We expect that the Australian mortgage industry is about to go through more changes, and all of them will make it more difficult to borrow for a home loan
Read MoreIf you apply for a new home loan in Australia, it's likely that you'll be offered their 'Professional Package' option. The Finance Guy has a streetonomic look at pro packs. We want to know if they are clever marketing, or are they a way to save serious money on your mortgage
Read MoreThe Australian Cash Rate is at an all time low! Is now the time to fix your home loan?
The Finance Guy takes a streetonomic look at Australian mortgage rates, and provides some insight into whether or not now is the right time to fix!
General Advice Warning: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.