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Home Loans Articles
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.
Mark Bristow
Personal Finance Editor
Is there a cost to refinance your home loan (and how much could you save)?
Refinancing a home loan typically costs some money in fees and charges from your old and new mortgage lenders. However, there may be ways to reduce or offset these costs, and the potential savings from switching could see you break even sooner than you expect.
Home Loans
24 Aug, 2023
5 min read
Alex Ritchie
Personal Finance Editor
Is there any danger in taking out a variable rate loan?
You may have heard friends or family mention the “dangers” of taking out a variable rate home loan. Let's explore the risks and the benefits of a variable rate home loan.
Home Loans
24 Aug, 2023
5 min read
Alex Ritchie
Personal Finance Editor
How long does it take to get approved for a home loan?
How fast you can get approved for a home loan depends almost entirely on the lender. You should ensure you have the necessary information before applying.
Home Loans
22 Aug, 2023
5 min read
Alex Ritchie
Personal Finance Editor
Can a loan be denied after pre-approval?
Many home buyers are unaware that your application can still be denied even after gaining pre-approval. Not only that, but pre-approval can expire. Let's explore why your application may have been denied.
Home Loans
22 Aug, 2023
4 min read
Alex Ritchie
Personal Finance Editor
What is an early repayment fee?
Early repayment fees may be a thing of the past for variable rate home loan customers, but that doesn’t mean your lender still can’t sting you with other ongoing costs. It's crucial to be aware of the terms and conditions, as well as any ongoing fees, associated with your home loan.
Home Loans
16 Aug, 2023
4 min read
Mark Bristow
Personal Finance Editor
What credit score do I need for a home loan in Australia?
Borrowers with fair or higher credit scores may have an easier time getting their mortgage applications approved. But even if you have a poor or below average credit score, if you can fulfil the lender’s other eligibility criteria, there may be steps you can take to confidently apply for a home loan in Australia.
Home Loans
08 Aug, 2023
3 min read
Mark Bristow
Personal Finance Editor
Who is eligible for the Home Guarantee Scheme?
The Australian Federal Government’s Home Guarantee Scheme (HGS) can help Australians purchase their first property. First home buyers, regional home buyers, and single parents may all be eligible for the program, provided they also fulfil the other eligibility criteria.
Home Loans
07 Aug, 2023
7 min read
Alex Ritchie
Personal Finance Editor
What is the cash rate?
The official cash rate tends to influence financial products which could see you paying more, or less, on your loans. But what is it, why does it fluctuate and how could it affect you?
Home Loans
02 Aug, 2023
6 min read
Alex Ritchie
Personal Finance Editor
Do mortgage brokers have fees?
Enlisting the help of a mortgage broker during your home buying journey can be advantageous in a number of ways. But will it leave you out of pocket?
Home Loans
31 Jul, 2023
3 min read
Alex Ritchie
Personal Finance Editor
What is the average mortgage broker commission rate?
Are you buying a new home and need the help of a mortgage broker? You may want to know more about the commission and trail commission your broker may receive.
Home Loans
25 Jul, 2023
3 min read
Alex Ritchie
Personal Finance Editor
Should I apply for a mortgage through a bank or a broker?
You may consult a mortgage broker to find a suitable home loan, but if you have a bank account you can check if that bank offers a suitable mortgage too.
Home Loans
24 Jul, 2023
5 min read
Mark Bristow
Personal Finance Editor
What is a commercial finance broker?
Commercial finance brokers put borrowers in touch with lenders to organise loan deals, much like mortgage brokers. The difference is that commercial finance brokers specialise in brokering deals for commercial purposes, such as loans to start or run a business, or to purchase property or equipment for work use.
Home Loans
24 Jul, 2023
3 min read
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