Home Loans & Mortgages

The global home loan credit squeeze is a “serious crisis” that is not over yet and will have an impact on government budgets, the IMF’s outgoing head Rodrigo Rato said in an interview published overnight. Speaking to the Financial Times from Washington, IMF Managing Director Rato said: “Policymakers should not think that the problems will [...]

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 [...]

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 [...]

Homes loans have become complicated
Can you remember the days when comparing home loans was easy? I can. All you had to do was pick the one with the lowest interest rates! And you would have been right.
Comparison rates
Now its not so simple. What about the comparison rate? Well….

Australia’s Federal Labor Government plan to enter the home loan mortgage finance business will boost confidence in the non-bank mortgage sector and increase competition. Treasurer Wayne Swan said he will initialling invest $4 billion to revive the non-bank mortgage market and get the banks honest to pass on future rate cuts in full. Mr Mortgage hopes that [...]