Home Loans & Mortgages

Myth #1. A big brand bank home loan is better than a mortgage from non bank lender. Most people don’t like the major banks, but this myth prevents them from capitalizing on the mortgage opportunities in the growing non bank area. Myth #2. A bad credit history means you can’t get a home loan. It [...]

The Federal Government’s attempt to blame the states for home mortgage interest rate pressures is complete nonsense and smacks of political desperation, the NSW Government says. NSW Treasurer Michael Costa hit back at suggestions the state governments were increasing home loan interest rate pressures through heavy borrowing for infrastructure projects. The Howard Government is bracing itself for [...]

Mortgage offset accounts give you a far better [effective] rate of return, and a rate of return above inflation. Savings accounts in effect lose you money, but an offset home loan can give you a return of 9 per cent, says Clare Francis. Not one bank is paying a positive return on its standard savings [...]