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Mortgage and finance

10 Simple Ways to Pay Off Your Home Loan Quicker

by Chris on January 20, 2012
Thumbnail image for 10 Simple Ways to Pay Off Your Home Loan Quicker

Home loans are inevitably one of the biggest single household investments. We might complain about school fees, car registration costs or the price of milk going up … but in the end, a little lapse of attention to your home loan and the consequences will be far bigger than all of these extra bills put [...]

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CHOICE Big Bank Switch: get the best deal on your mortgage

by Chris on August 1, 2011
CHOICE Big Bank Switch: get the best deal on your mortgage

Ever heard of Groupon? If not, I’ll explain – it’s a deal-of-the-day website, that offers discounted certificates for purchasing products. The way it works is, if a certain number of people sign up for the offer, the deal becomes available to the whole group. You must be wondering “What the heck does this have to [...]

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RBA decides to keep the rates on hold at 4.75 percent

by Chris on June 7, 2011
RBA decides to keep the rates on hold at 4.75 percent

Anyone with a mortgage will appreciate today’s decision by the RBA to leave the official cash rate on hold, at 4.75 percent. As many home owners are already in arrears on their mortgage repayments, the last thing they need is another rate rise. This situation is very sad, especially considering that 3 years ago the [...]

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Video Tips On Home Buying, Investing and Renovating

by Chris on May 24, 2011
Video Tips On Home Buying, Investing and Renovating

If you are considering purchasing a home, an investment property or doing some renovations to your house, and you like watching videos, this post for you. There’s a new series of videos from the Commonwealth bank that I personally find educational and entertaining. Even though I don’t intend to buy an investment property or do [...]

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Sneaky mortgage insurers and borrowers in arrears spell trouble for Aussie banks

by Chris on May 20, 2011
Sneaky mortgage insurers and borrowers in arrears spell trouble for Aussie banks

In the complicated finance world all sorts of things are tied to one another, and often seemingly unrelated events in reality are tightly connected. Recently Fitch – a major ratings agency – downgraded our banks’ financial products called “RMBS” because in light of the agency’s latest findings they don’t look as safe as before. This [...]

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No more mortgage exit fees, says the law

by Chris on March 25, 2011
No more mortgage exit fees, says the law

I don’t know whether this is a good or a bad news, but from the 1st of July mortgage exit fees are officially banned. To boost competition between lenders this law came into effect 2 days ago. The purpose is to make shopping for a better loan easier. Paying thousands of dollars in mortgage exit [...]

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What To Ask Your Mortgage Provider

by Chris on March 12, 2011
What To Ask Your Mortgage Provider

Choosing the right home loan can save you thousands of dollars. With so much you, as a borrower, need to know it can be very hard to be sure you choose the correct one. A few tips and a level head can help you get exactly what you need. There’s a lot that you’ll need [...]

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Finding An Affordable Home Loan Even With Bad Credit

by Chris on February 23, 2011
Finding An Affordable Home Loan Even With Bad Credit

In today’s economic world, developing bad credit is a relatively easy task to accomplish. Whether you have gotten yourself into credit card debt, defaulted on a payment or even filed for bankruptcy, a bad credit rating can seriously affect your ability to secure a home loan. It is not necessarily over for you if have [...]

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Refinancing from Westpac or CBA? NAB will pay your exit fee, but…

by Chris on February 21, 2011
Refinancing from Westpac or CBA? NAB will pay your exit fee, but...

As you may have heard, NAB has announced its decision to refund mortgage exit fees to new customers who choose to switch from Westpac or the Commonwealth Bank. What’s the big deal? A couple of things, actually. Mortgage exit fees are estimated to be $700 – $900, and in the short term an offer to [...]

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Julia Gillard’s Flood Levy And How It Affects Australians

by Chris on February 17, 2011
Julia Gillard's Flood Levy And How It Affects Australians

The Australian people have suffered a disaster over the past few months. None more devastating than the floods throughout Queensland and New South Wales, into Victoria. As a result of the magnitude of this disaster, the government run by Julia Gillard, has proposed a Flood Levy. We will take a closer look at Julia Gillard’s [...]

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Who owns your house?

by Chris on January 12, 2011
Who owns your house?

Peter and Fiona have bought a house. They paid a deposit from their own money and took a mortgage loan in a bank to cover the rest (the loan was guaranteed by the house). The question is: who owns the house, Peter and Fiona or the bank? You will find the answer to this question [...]

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