Could climate change increase your risk of "mortgage prison"?

Economic factors such as inflation, the cost of living, and rising interest rates could see Australians at higher risk of “mortgage prison”, where they’re unable to refinance their home loans. Now the Reserve Bank of Australia (RBA) is highlighting the risk that climate change poses to your personal finances, as well as the economy as a whole.

More broadband providers for Australians to choose from

A record number of telecommunications companies are now connected to Australia’s NBN, according to a new report from the Australian Competition and Consumer Commission (ACCC), making it even more important to compare your options before renewing your home’s broadband internet contract.

Can you combine your home equity loan into your mortgage?

If you hold equity in a property, you may be able to use it to access a loan or a line of credit to help you cover the cost of major expenses or household projects. You may be able to choose between managing your home equity loan separately or combining it with your existing mortgage, though there are pros and cons to each approach.

ANZ has a change of heart and hikes some of its savings accounts

ANZ has had a change of heart, today hiking some of its savings accounts, after initially leaving them untouched following the August cash rate increase.

Getting a home valuation for home equity loan: what you need to know

To access the equity in your home you’ll need to know your property’s current value. To get an accurate figure a property valuation may be required, though the type of valuation may depend upon your property and financial situation.

How much does an average home renovation cost?

Estimating the cost of a home renovation can feel a bit like estimating the length of a piece of string. The answer will vary depending on the type of renovation, your personal financial situation, and a wide range of other factors.

How long is a typical home equity loan term?

Depending on the type of home equity loan you choose, there may be different loan term options available. Your choice of home equity loan could make a big difference to your financial future, as well as the overall cost of your home equity loan.

Some of the best home loans for investors and refinancers in August 2022

Refinancing has been accelerating in recent months, with many mortgage holders looking to switch to more affordable home loans following multiple months of rate hikes. While low-rate home loans are becoming much harder to find, there are still options available that could offer a great deal of value to the right borrower.

When might interest rates start falling again?

The Reserve Bank of Australia (RBA) is expecting inflation to rise even higher than previously predicted before the year is out, which could contribute to more cash rate hikes in the coming months. But there may be light at the end of the tunnel, with future rate cuts possible if inflation falls into the target band.

Do I need a house valuation for probate? What you to know about deceased estates

Becoming the executor for a deceased estate can be daunting. While you’re dealing with your grief for the departed, you’re also taking responsibility for the will they left behind. Understanding some of the requirements and responsibilities involved when dealing with a deceased estate can help to ensure that everybody is well looked after, financially and emotionally.