Home Loans & Mortgages

Home Loan Lenders want the law changed to capture more of your financial details. Here’s a test of just how savvy a consumer you are: when was the last time you checked your credit file? For most of us, the answer would be never. Many people probably don’t even know there are two credit bureaus [...]

The Commonwealth Bank of Australia [CBA] has just dropped the home loan rate on its recently introduced ”no fee” home loan offer to 7.11% in response to other major players offering deep discounts in order to attract home buyers and mortgage refinance customers in a slow mortgage market.

Its official. People don’t like big banks, and they love to hate the CBA The big four banks in my view are in a privileged position in the Australian Business World, almost cocooned and protected in law, but act as if they have made their own luck, and pay their top people accordingly. Shameful associations [...]

Rams Home Loans are advertising low rates again for business again with sharp rates, after a dire year due to the Global Financial crisi

Before the Global Financial Crisis, mortgage managers and non-bank lenders the were writing around one in six home loans.
More importantly they were a threat to the major banks that kept their mortgage rates low. This means that even if you did not have a mortgage with a non bank lender, you rates were low just because they were there with an offer.
Now the non-bank mortgage market is down to one in 50 home loan written.