Are you being stung by the loyalty tax?
Once upon a time you were rewarded for loyalty. But borrowers with older mortgages are typically paying a higher interest rate than customers on new loans, confirms the RBA.
Entries by Ben Behar
Smaller lenders taking applications for home loan deposit scheme
Non-major lenders have started offering another 5,000 slots for the First Home Loan Deposit Scheme, which allows first home buyers to purchase a property with a deposit of 5% without having to pay Lenders Mortgage Insurance.
Credit scores set for Valentine’s Day boost
Tens of thousands of Aussies have an extra reason to love Valentine’s Day this year, with their credit scores set to jump after civil court filings disappear from their credit file.
How to increase your property’s value by up to 10%
Properties with high energy-efficiency ratings typically sell for up to 10% more, a review of international research shows.
Why don’t lenders drop my repayments when the interest rate falls?
A question that’s been popping up a bit lately has been ‘why didn’t my lender reduce my repayments when the interest rate fell last year?’
