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Mortgages

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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!

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Mortgage News

Demand for fixed rates rising as rates fall

Demand for fixed rates is rising, according to research by Loan Market. Since the Reserve Bank of Australias May rate cut, 40 per cent of homeowner enquires have been about fixing the borrowers interest rate, the highest proportion since the start of 20 Read full article

New rules for reverse mortgages

The National Consumer Credit Protection Act has been amended to include regulations covering reverse mortgages. Read full article

Illawarra CU cuts by more than the RBA

Illawarra Credit Union is cutting standard variable interest rates by 0.30 percentage points to 5.95 per cent. Read full article

80% of homebuyers are two years ahead on repayment

Reserve Bank rate cuts have not enticed mortgage holders to decrease their repayments. Read full article

CBA still Australia’s biggest home loan lender

Commonwealth Bank is reporting a booming level of profit this year, as it holds back rate cuts from home owners. Read full article

More

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
Standard
Rate^ (%)
Comparison
Rate* (%)
Details
Blackboard Special - Purchases Only 4.75 4.77 Go to site
UHomeLoan - Refinance Variable Loan with a special Upfront Discount of 0.25%p.a. 4.87 4.87 Go to site
iMortgage Essential 4.97 4.99 Go to site
Home Value Loan 4.99 5.01 Go to site
Basic Home Loan 5.29 5.34 Go to site
ANZ Simplicity PLUS 5.43 5.48 Go to site
Institution Product
Title
Standard
Rate^ (%)
Comparison
Rate* (%)
Details

^Standard rate for a $250,000 standard loan. The 3 year table shows loans that are fixed for 3 years.
*Comparison rates shown are based on a home loan of $150,000 for 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
For information on how we’ve selected these “Sponsored” and “Featured” products click here.

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