How long do banks keep mortgage records?

While you’re a customer of a bank or mortgage lender, they should keep records of your home loan, including interest rates and charges, repayments and much more. You should be able to request access to these records if required, though there may be a maximum time limit for how far back you can go.

What to expect from the RBA meeting in July 2023

Following the June 2023 meeting of the Reserve Bank of Australia (RBA), where the cash rate rose by 25 points to 4.10%, economists from Australia’s biggest banks found themselves having to revise their interest rate predictions for the rest of the year. Several of these economists are now expecting rate hikes in both July and August 2023.

How can I find bank accounts in my name?

If you’ve ever opened more than one bank account in the past, could you have forgotten about some money that you’ve left behind, which is still waiting to be claimed? And if you think you might have, or if you’re not quite sure, how can you go about finding these outstanding accounts and claiming this unclaimed money?

Who pays the mortgage when separated?

Separation is never easy, and the financial questions may be the last thing on your mind. However, bills and mortgage payments will continue, which leads to the question: Who pays the mortgage when you’re separated?

Can a credit card help build your credit file and credit score?

Building up your credit score from scratch can make a big difference to your financial future. While you may not need to borrow money to start your credit history, successfully applying for a credit card and managing its payments could potentially make a big difference to your credit score in a relatively short length of time.

How can young people start building their credit history?

Just as a journey of a thousand miles begins with a single step, an excellent credit score can begin when you’re young. Your track record of managing money can have long-lasting repercussions later in life, making it important for young Australians to start building positive credit habits as soon as they are able.

Should you start building your credit while in university?

University can be a time of when you start to fully realise your potential. This includes your financial future, which may involve establishing your credit history.

Some of the top-rated home loans for investors and refinancers in June 2023

As we approach the middle of the year, many Australians may be facing the fixed rate mortgage cliff. Australians looking to refinance the mortgage on their family home or investment properly may need to compare different options to find a mortgage option that should suit their needs.

Who is still offering low-rate home loans after the June 2023 rate hike?

While the 12th increase to the national cash rate in 14 months may not yet have brought inflation down to the Reserve Bank of Australia’s (RBA’s) target band, it is reportedly affecting the borrowing power of Australia’s home buyers and refinancers.

Which banks have hiked savings account and term deposit rates in June 2023?

At its June 2023 meeting, the Reserve Bank of Australia (RBA) board pushed the national cash rate up to 4.10%; the highest it’s been since April 2012. While these hikes are putting borrowers under increased pressure as their borrowing power shrinks, some savers may be able to benefit from rising savings rates that could make it easier to increase their wealth.