> Month: April 2017 | Better Choice

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Survey finds Australian borrowers could not make home loan repayments if they fell seriously ill

April 29, 2017

Survey finds Australian borrowers could not make home loan repayments if they fell seriously ill. NEARLY half of Australian mortgages are worried about what being diagnosed with a serious illness would mean for their repayments, with some claiming to be incapable of servicing their home loans for even one month if they became seriously ill, […]

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Wave of rate hikes about to hit brokers

April 29, 2017

A wave of rate hikes about to hit brokers. Funding costs and regulatory pressure will drive rates upwards and cut discounts, regardless of today’s RBA call 85% of brokers think there will be further out-of-cycle rate increases, regardless of today’s cash rate decision by the RBA. This was the finding of broker listing site Hashching, […]

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Brokers Most Influential!

April 20, 2017

The heads of several leading banks, aggregates and industry consultants have said that mortgage brokers, rather than banks, “are the most influential information source for consumers on mortgage products”. The Deloitte Australian Mortgage Report 2017, asked several industry leaders — including representatives from AFG, Bank of Queensland, Commonwealth Bank, eChoice, Homeloans, NAB, Pepper Money, and […]

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Rate rises real risk for mortgage holders

April 14, 2017

It is the prospect of interest rate rises that pose the greatest danger to first home buyers, according to one finance expert who believes that current levels of housing affordability are actually not that severe. House prices today are relatively affordable compared to the 1990s, Jamie Alcock, associate professor in the University of Sydney Business […]

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Major bank follows suit and hikes rates

April 12, 2017

Westpac has followed National Australia Bank’s lead and hiked home loan interest rates for both owner occupiers and property investors, Fairfax Media has reported. The major bank announced it would increase rates for owner occupiers by 0.03 percentage points to 5.32% for customers making principal and interest repayments. For owner occupiers making just interest payments, their […]

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