Resimac supports ‘Don’t Kill Competition’ campaign

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Leading non-bank mortgage provider Resimac has confirmed its support of the nationwide ‘Don’t Kill Competition’ campaign launched by the Mortgage & Finance Association of Australia (MFAA) to oppose a proposed ban on all... Read more continue reading

First-home buyer numbers surge

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Housing finance Number of home loans: The number of loans (commitments) by home owners (owner-occupiers) fell by 0.9 per cent in November after rising by 2.1 per cent in October (the... Read more continue reading

Over $5m in super released for first home buyers scheme

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In the period from 1 July 2018 to 6 August 2018 taxpayers have made 1,449 requests to the ATO under the first home super saver scheme, FHSS. These are called... Read more continue reading

So, what happens when your interest-only loan expires?

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Borrowers need to be ready for the cash flow effects of moving from interest-only loans to generally higher repayments on principal & interest loans. Omniwealth Finance suggests that borrowers work... Read more continue reading

June Quarter shows declining housing affordability – Better news for renters

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The June quarter edition of the Adelaide Bank/Real Estate Institute of Australia Housing Affordability Report shows a decline in housing affordability nationally, with the proportion of income required to meet... Read more continue reading

Debt free equity release continuing to be a popular alternative to Reverse Mortgages

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A review released this week by ASIC into the reverse mortgage market in Australia, has drawn attention to the need for safe and certain equity release solutions for older homeowners.... Read more continue reading

Refinancing your mortgage – Is it really worth it?

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According to Chris Straw, mortgage finance expert and co-founder of You‘re Welcome Finance, one of Australia’s leading finance brokers, despite all the recent changes to the finance sector and Australia’s enjoyment of some of the lowest interest rates in... Read more continue reading

How to own your home faster – Home ownership acceleration guide

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Offset An offset account is a bank account just like your transaction account and savings account, however, you do not earn interest. Rather, it offsets the interest you pay on... Read more continue reading

Borrowers favour smaller lenders, according to mortgage broker survey

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Larger banks are falling out of favour among homeowners seeking mortgages, according to the latest MyState Bank survey of its national broker network. In the survey, completed in last week... Read more continue reading

Joust market-place eliminates the mortgage broker ‘middleman’ role

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Joust, an Adelaide based fintech that brings competitive tension to the home loan market by linking borrowers directly with over 20 lenders who compete against each other in real-time, has... Read more continue reading