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Home Loans & Personal Finance

Recent Activity

Vaibhao J.
Vaibhao J.
Kogarah, NSW
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Hi, my wife and I are searching for the banks who offer 95% home loan. We are interested in the brand new apartment costing around $660000. We are employed by non-profit Govt organisation and our joint annual income is $147,000 (pre-tax). We have clean credit history (car loan finished, and no existing loan) with two daughters (2y and 8y old). Resident in Kogarah NSW 2217 for 6 years and got our Australian citizenship this year. If we are first time home buyer, what options do we have?

last month

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?

6 months ago
Aleisha R.
Aleisha R.
Menai, NSW
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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?

7 months ago

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?

8 months ago
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