Before you refinance your home loan in Australia it is important to find out the true cost of switching lenders. You will need to take into account exit and entry fees. It is only when the lower cost in interest rate offsets the fees paid is when you may consider switching lenders. Below are costs you should Read More
Australian online mortgage calculators can provide a good guide as to how much you can borrow. However, you need to be realistic when using these calculators as they make various assumptions about your living expenses and lifestyle. Here are some calculators to help you make a more accurate assessment of how much you can realistically borrow. A budget Read More
The new National Consumer Credit Protection Act (NCCP) makes it harder for borrowers to compare loans. Recent law changes to the mortgage industry require mortgage brokers and lenders to qualify a client before recommending a mortgage product. This requires more documentation and checks than ever before seen in the industry. It can be exhausting and time Read More
The Reserve Bank of Australia announced that interest rates will remain on hold at 4.75%. Although rates remained on hold this month economists are predicting another rate rise within the next few months and possibly another increase before Christmas. Check out the latest bank and non bank interest rates at Smart Search Finance.
The banks are at war with each other! Each major bank is offering some type of incentive for consumers to switch from their current lender. Offers such as cash rebates, discounted interest rates, exit fee payments, iPads, TVs etc. Behind these offers there is always devil in the detail and before making a change it is Read More