So you’re thinking about refinancing your home loan?

Well, you are not alone. Many Australians refinance their home loan every year.

This refinancing has been driven, in part, by the record-low interest rates available over the last few years.

What does refinancing your home loan actually mean?

In the simplest terms, it means shifting your home loan from one lender to another.

The process is fairly straight forward as well – you simply apply at a new lender,…

With interest rates at an all-time low, you may be wondering whether you should fix your home loan or choose a variable rate option. This is an equally important question if you’re looking to buy a new home, or if you already have a home loan and simply want to make sure you’re getting the best deal possible.

Of course, there is a third option to consider – splitting your home loan. This allows you to hedge…

The Big 4 Banks have, over the last few years, been buying up big in the name of expanding their market share within Australia. Don’t be fooled into banking with the Big 4 when you thought you were supporting another financial institution.

The Take-Aways

• 9 out of 10 new mortgages signed in Australia are with the Big 4 banks!
• Commonwealth Bank owns Bankwest and a 80% share of…

As a report released by Choice has indicated, using a broker to find a home loan may not be all it is cracked up to be.

One of the issues Choice raises in their article is the false perception that brokers can offer the absolute best loan to each client based on the borrower’s individual circumstances.

But the reality is that not all lenders have agreements in place to issue loans through all brokers. Should the best loan for you be offered…

Saving for a deposit for your home loan can be a long and tiring task, and sometimes it seems like you are never going to reach your goal.

But there is a way to reach your target and get into your home sooner than you think, but it does require some sacrifice on your part.

Before we get to those however, you will first want to figure out what you will need to save.

Having a savings goal is paramount to your success.

How to calculate your savings goal

You can arrive at this total by knowing how much you are willing to spend on a home – even if it’s a ballpark figure. Once you…