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Learn more about how to manage your personal finances with RateCity's home loan articles, including how-to-guides on comparing home loan interest rates, fees, features and other benefits.
Jodie Humphries
Personal Finance Editor
How much equity is needed for a reverse mortgage?
Before you apply for a reverse mortgage, find out the requirements and how much equity you’ll need for a reverse mortgage.
Home Loans
15 Jul, 2021
4 min read
Alex Ritchie
Personal Finance Editor
Home equity loan guidelines
If you’ve been paying off your mortgage for a little while you’ll start to build up a bit of equity, particularly if the housing market in your area is seeing property values increase. However, home equity loans aren’t a one-size-fits-all financing option. Let’s explore some of the basic guidelines so you can deepen your understanding of home equity loans.
Home Loans
14 Jul, 2021
6 min read
Alex Ritchie
Personal Finance Editor
Can you get pre-approved for a home loan online?
The process of getting pre-approval can be an exciting, yet time consuming affair. Would-be borrowers may be hoping to streamline the process by avoiding going into a branch to apply for a mortgage.
Home Loans
13 Jul, 2021
3 min read
Mark Bristow
Personal Finance Editor
Can you have two home equity loans?
A home equity loan can help put the value of your property to work for you. Whether used to access a flexible line of credit, or to secure a mortgage over an investment property, your home equity can prove a useful tool for reaching your personal and financial goals.
Home Loans
12 Jul, 2021
3 min read
Georgia Brown
Personal Finance Editor
Can you consolidate personal loan debt on your home loan?
Personal loan interest rates tend to be higher than home loan rates, so you might wonder whether consolidation could be the key to spending less on interest charges.
Home Loans
12 Jul, 2021
4 min read
Alex Ritchie
Personal Finance Editor
What are some home equity loan alternatives?
Need cash fast but aren’t keen to take out an additional loan to dip into the equity you’ve paid into your mortgage? There are alternative options out there if you know where to look, some of which may charge little to no interest.
Home Loans
10 Jul, 2021
5 min read
Georgia Brown
Personal Finance Editor
How to shop for a mortgage without hurting your credit
Buying a house is likely the biggest financial commitment you’ll make in life. So, it’s important to ensure you’ve got all your ducks in a row before applying for home loan pre-approval, to avoid negatively impacting your credit score.
Home Loans
09 Jul, 2021
5 min read
Mark Bristow
Personal Finance Editor
How is mortgage interest calculated?
Home loans can seem complex and intimidating. This may be partly due to the massive sums of money involved, especially for buying property in Australia’s capital cities. It may also be partly due to the seemingly impenetrable maths involved in working out your interest charges and monthly repayments.
Home Loans
08 Jul, 2021
6 min read
Alex Ritchie
Personal Finance Editor
How long does it take to be pre-approved for a home loan?
Without pre-approval, you will not know exactly how much you can afford to spend on a property. Let’s explore how long it takes to be pre-approved for a mortgage and look at the home loan journey in full.
Home Loans
07 Jul, 2021
4 min read
Jodie Humphries
Personal Finance Editor
Complaints against mortgage companies: What you need to know
The responsible lending criteria set by the Australian government means your lender has a responsibility to ensure that a credit product is suitable for you, and to take steps to verify your financial situation before approving your home loan application. But what if you received a home loan you’re now struggling to repay?
Home Loans
02 Jul, 2021
4 min read
Jodie Humphries
Personal Finance Editor
Can I get a second mortgage for a rental property?
If you’ve owned your home for long enough, you’re likely to have built some equity in it, giving you several options for financing your second home or rental property. For instance, you can leverage your home equity by refinancing your home loan for a higher amount, or take out a second mortgage using the same property as collateral.
Home Loans
01 Jul, 2021
4 min read
Jodie Humphries
Personal Finance Editor
How to calculate the loan-to-value ratio for your home loan
Understanding your loan-to-value ratio (LVR) is and how it impacts your mortgage is crucial to ensure you can stay on top of your home loan. Learn more about LVR and how to measure it.
Home Loans
30 Jun, 2021
3 min read
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