Home Loans & Personal Finance

Jamie B.

Mount Hawthorn, WA

2 Likes
0 Followers

Our fixed rate is nearing the end and we have been offered 4% for a 3 year fixed interest only. Should we take it or other there better options?

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last week

Peter C.

Stanmore, NSW

2 Likes
1 Followers

My wife and I are both PAYG employee in the same job for 5 plus years each. Our home loan is with CBA and the rate is 4.39% - loan is $720,000, could we get a better rate and by how much

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2 weeks ago

Jackson S.

Beenleigh, QLD

22 Likes
2 Followers

There is a lot of talk about rates in the media and I would like to ask how people think the election will impact rates for the next 12 months?

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last month

simplyaskit

Business Advisor

North Sydney, NSW

203 Likes
399 Followers

In light of the Banking Royal Commissions recommendation to have the upfront commissions currently paid to mortgage brokers by lenders changed to a fee for service model over the next couple of years, can we ask:

Do people believe consumer’s would be prepared to pay an upfront free to a mortgage broker to help them obtain a suitable home loan?

What impact would such a change have on consumers?

What impact would such a change have on the home loan industry?

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last month

Henry D.

Haberfield, NSW

3 Likes
1 Followers

We have been informed NAB will be increasing the rate on our home loan by 0.16%, which is very disappointing. Our loan is $780,000 and the rate will now be 4.15% - should we be looking to refinance or is NAB just the first and the other banks will be increasing their rates soon? What is the best rate we could get if we did refinance?

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last month

Lesley C.

Asquith, NSW

2 Likes
1 Followers

Hi there

We have a fixed rate loan of $620,000 that matures in Nov this year. We want to do about $150,000 in renovations and would like to refinance their existing loan and borrow the extra. Home would be valued about $950,000. Is this posisblea nd would there be any fees to break the fixed loan. What rate could we get?

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2 months ago

Leah W.

Pennant Hills, NSW

2 Likes
1 Followers

Hi, I want to buy a property and it will probably need to be an investment property. I’m 33, first home buyer, single, no kids, a $2000 credit card limit and no other debts. I have been in the same job for 3 years and saved $30,000 living at home.
Income is $98,000 plus super. How much can I borrow and does anyone have any suggestions as to where I should buy?

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3 months ago

Aleisha R.

Menai, NSW

3 Likes
0 Followers

We have been researching websites like RateCity and Finder where they saw home loan rates can be as low as 3.44%. Our rate is 3.99% and we contacted our broker and they said because we have only had the loan for a year we shouldn’t refinance. They said we could refinance but it would cost them money if we did and we would have to pay the fees on their behalf. Is this normal for brokers?

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3 months ago

simplyaskit

Business Advisor

North Sydney, NSW

203 Likes
399 Followers

There’s a lot of noise coming out of the Banking Royal Commission about mortgage brokers, the commissions they receive and their ongoing trailing income.

We’d like to ask, if as some are suggesting the mortgage broker model is changed to pay for service and abandoning trailing income what impact would it have on consumers in terms of home loan competition, interest rates, service levels, convenience and the cost for them to obtain a home loan ?

What impact would it have on the overall home loan industry?

View responses or answer (2)

4 months ago

Mick W.

Bathurst, NSW

0 Likes
0 Followers

We want to refinance and borrow an extra 100,000, total loan amount would be 580,000. The security is our home on 150 acres and worth around 800,000. Is this possible?

View responses or answer (3)

4 months ago

Cathy D.

Rosebery, NSW

6 Likes
0 Followers

Last year the bank cut the rate on our home loan from 4.72% to 4.25% - at the time we were very happy but can I ask if our rate is too high and is now a good time to be looking at fixing some of the loan?
Thanks

View responses or answer (3)

4 months ago

Seb A.

Randwick, NSW

2 Likes
0 Followers

Hi,
Are there any lenders that will look at 6 units on the one title?
Property is in Abbotsford and but we keep being told the maximum number of units is 4 – the refinance is about 65% of the value of the property. Any advice?

View responses or answer (3)

5 months ago

Gurinder P.

Campsie, NSW

0 Likes
0 Followers

My wife and I work full time ..have a 3 year old in child care. We have $100,000 deposit from an inheritance from overseas and want to buy a home. My salary is $78,000 and my wife is a contractor and earns about $60,000. How much could we borrow?

View responses or answer (1)

5 months ago

Mitch G.

Williamstown, VIC

4 Likes
0 Followers

We are on a variable rate loan at 3.82 and thinking about fixing all of part of the loan for 2 or 3 years. Is now a good time and what are the best fixed rates at the moment?

View responses or answer (2)

5 months ago

Patrick M.

Leonay, NSW

2 Likes
0 Followers

Home Loan $523,000
Rate – 4.17%
My income – 97k plus super
My wife’s income – 102k plus super
Credit card limit $3k
2 kids 9 and 7
No other loans or debts and we have been in the same job for over 3 years

What is the best rate we could get by refinancing?

View responses or answer (2)

5 months ago

PJ M.

New Farm, QLD

6 Likes
0 Followers

How do banks assess income from bank share dividends? Is an averaged out income of $200/week from dividends considered the same as $200/week of income from a job?

View responses or answer (1)

5 months ago

vanessa g.

Glenfield, NSW

1 Likes
1 Followers

Just wanting advice on how to positive gear we have an estate and wanted to buy something of lesser value than the estate which there is no monies owed to the house would we need to get a loan or is the equity in the house used
Thankyou in advance

View responses or answer (2)

5 months ago

Peter M.

Frankston, VIC

1 Likes
0 Followers

First home buyers, my income is 92,000 and my wife 85,000 and we have been living the same property for 3 years and never missed paying the rent. We have saved 35,000…. have no debts and pay off our credit card each month. Can we get a loan and roughly how much could we borrow?

View responses or answer (6)

6 months ago

Tim O.

Salisbury, SA

3 Likes
0 Followers

Broker lodged our home loan with Westpac on 25 September and we have not got an answer yet, how long does it normally take?

View responses or answer (1)

6 months ago

Mark D.

Hamilton, NSW

6 Likes
0 Followers

Is now a good time to be fixing my home loan rate? 2 or 3 years? .... and are there fixed loan where you can still make extra repayments - current rate 3.87% thanks

View responses or answer (2)

6 months ago

Our fixed rate is nearing the end and we have been offered 4% for a 3 year fixed interest only. Should we take it or other there better options?

My wife and I are both PAYG employee in the same job for 5 plus years each. Our home loan is with CBA and the rate is 4.39% - loan is $720,000, could we get a better rate and by how much

There is a lot of talk about rates in the media and I would like to ask how people think the election will impact rates for the next 12 months?

We want to refinance and borrow an extra 100,000, total loan amount would be 580,000. The security is our home on 150 acres and worth around 800,000. Is this possible?

Last year the bank cut the rate on our home loan from 4.72% to 4.25% - at the time we were very happy but can I ask if our rate is too high and is now a good time to be looking at fixing some of the loan?Thanks

Hi,Are there any lenders that will look at 6 units on the one title?Property is in Abbotsford and but we keep being told the maximum number of units is 4 – the refinance is about 65% of the value of the property. Any advice?

My wife and I work full time ..have a 3 year old in child care. We have $100,000 deposit from an inheritance from overseas and want to buy a home. My salary is $78,000 and my wife is a contractor and earns about $60,000. How much could we borrow?

We are on a variable rate loan at 3.82 and thinking about fixing all of part of the loan for 2 or 3 years. Is now a good time and what are the best fixed rates at the moment?

Home Loan $523,000Rate – 4.17%My income – 97k plus superMy wife’s income – 102k plus superCredit card limit $3k2 kids 9 and 7No other loans or debts and we have been in the same job for over 3 yearsWhat is the best rate we could get by refinancing?

How do banks assess income from bank share dividends? Is an averaged out income of $200/week from dividends considered the same as $200/week of income from a job?

Just wanting advice on how to positive gear we have an estate and wanted to buy something of lesser value than the estate which there is no monies owed to the house would we need to get a loan or is the equity in the house used Thankyou in advance

First home buyers, my income is 92,000 and my wife 85,000 and we have been living the same property for 3 years and never missed paying the rent. We have saved 35,000…. have no debts and pay off our credit card each month. Can we get a loan and roughly how much could we borrow?

Broker lodged our home loan with Westpac on 25 September and we have not got an answer yet, how long does it normally take?

Is now a good time to be fixing my home loan rate? 2 or 3 years? .... and are there fixed loan where you can still make extra repayments - current rate 3.87% thanks

Last year the bank cut the rate on our home loan from 4.72% to 4.25% - at the time we were very happy but can I ask if our rate is too high and is now a good time to be looking at fixing some of the loan?
Thanks

Hi,
Are there any lenders that will look at 6 units on the one title?
Property is in Abbotsford and but we keep being told the maximum number of units is 4 – the refinance is about 65% of the value of the property. Any advice?

Home Loan $523,000
Rate – 4.17%
My income – 97k plus super
My wife’s income – 102k plus super
Credit card limit $3k
2 kids 9 and 7
No other loans or debts and we have been in the same job for over 3 years

What is the best rate we could get by refinancing?

Just wanting advice on how to positive gear we have an estate and wanted to buy something of lesser value than the estate which there is no monies owed to the house would we need to get a loan or is the equity in the house used
Thankyou in advance