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Choosing the best Mortgage

With so many mortgages available in Australia it can be a daunting task trying to choose one. We have built InfoChoice to make it easy search, compare, short-list, select and settle on the best mortgage for your needs. If you are buying a home for the first time, moving house, refinancing or looking for an investment property – using our search and compare features could save you significant amounts on your repayments.

We make it easy for you to compare mortgages whether you are looking for a variable rate or fixed rate. Whatever you need, there is a mortgage product available.

For example, a first home buyer may want the security of a fixed rate and an existing borrower may just want a cheap refinancing option with lower repayments. Our monthly repayment and five year cost columns allow you to compare as well as help you decide if it is affordable or not. When choosing a mortgage, it pays to make the right choice. Choose your mortgage on your terms – not the banks’. It could save you thousands!

Mortgage News

Westpac denies holding on to mortgage repayments

Westpac has dismissed a Fairfax report suggesting the bank was holding out on borrowers following last years rate cuts. Read full article

Banks are losing money on mortgages

Mortgage profitability in Australia is at its lowest rate in more than four years, according to a report by UBS Securities because of higher funding costs. Read full article

Banks set to raise variable mortgage rates

The RBA did not cut official interest rates yesterday leading some economists to predict that the big banks will raise their mortgage rates to cover increased funding costs in a move that would raise the ire of politicians and borrowers. Read full article

Borrowers turning away from the big four banks

According to new data from the banking industry watchdog, the Australian Prudential Regulation Authority, the big four banks are losing market share to smaller more nimble financial institutions. Read full article

Greens want RBA linked home loans

Greens MP Adam Bandt plans to amend his banking bill to require banks to offer mortgages that pass on any Reserve Bank rate cut in full. So-called tracker loans are offered by some lenders, notably Bankwest, although they are not common. Read full article

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Mortgage Rate Watch

27/08/2009
Rates to stay on hold, for now
After months of falls in employment, there are some signs our job market may be turning the corner.

FULL STORY


Mortgage Guides

Don’t get caught out with interest rates increases

Your bank just increased your home loan rate by 0.25% (or did they?) How to keep your lender honest Read full article

Prepare for Rate Rise or Risk Needing a Second Job

Leading banking comparison site Infochoice.com.au has warned many Australians are inadequately prepared to cover the rising costs of home loan repayments following the anticipated return to more normal interest rate levels in the coming months. Read full article

How to reduce your bank fees

With several banking products available in the market, and with different terminologies used to describe the nature of the fees charged on these accounts, it is no wonder consumers often get confused or lose track of the fees they are paying. Read full article

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Todays Best Mortgage Rates

Institution Product Title Rate (%) Details
eMoney Pro Pack 75 (loans below 75% LVR. Contact us for loans above this LVR) 6.08  
UHomeLoan - Refinance only (6.14%p.a incl 0.20%p.a lifetime Loyalty Discount) 6.14
State Custodians Standard Variable Offset Loan 6.22
IMB Budget Home Loan (No Application Fee) 6.32  
MyRate.com.au - Advantage Rate Loan 6.35  
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.