Five steps towards a financially secure future

There are simple steps you can take to start managing your money early and take control of your financial security.

Why should I choose a joint mortgage?

A joint mortgage may enable you to borrow more and reduce your risk, but it's important to have a clear arrangement with the person/s taking on the loan with you.

What is the mortgage loyalty tax?

The term “mortgage loyalty tax” refers to the difference in interest rate costs that existing borrowers pay as a result of lenders offering new customers lower rates on home loans. Here's how to avoid it.

How long can I lock in Australia's lowest rates for?

The ability to lock in low fixed interest rates may offer borrowers protection against rate rises and provide more time to compare the market and secure the most favourable home loan.

Home loan benefits for medical professionals

Medical professionals are often eligible for special benefits while applying for a home loan. If you’re a doctor or another type of medical professional, your hard work and dedication towards the welfare of others may be rewarded through specialist home loans that make it easier to become a property owner.

Can a temporary resident get a home loan?

A temporary resident home loan may allow you to buy a property in Australia, though you will need to meet specific eligibility and financial requirements and conditions.

Can I take out a loan against my home’s equity?

You can use the equity you've built up over time to secure a loan. But before you can take out any loans against home equity you’ll need to work out exactly how much equity you have available.

Do you need a home loan for a houseboat?

Despite being utilised as a home, a houseboat is unlikely to qualify for a mortgage in Australia. Home loans are generally reserved for fixed property. If you’re looking to borrow to buy a houseboat, you’ll more likely need to secure a personal loan.

Could a banking crisis happen in Australia?

Australia’s banking landscape is not facing the same risks of catastrophe or contagion that has plagued lenders like Silicon Valley Bank, Signature Bank and First Republic Bank in the United States.

Do I need a credit card for overseas travel?

There are a range of credit cards that offer advantageous extras such as rewards points and programs for spending, travel insurance, airport lounge access and complimentary hotel concierge services.