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Home Loan News

The latest home loans mortgage news and tips

Mark Bristow

Home & Personal Finances Editor

ubank extends refinancing loan term to 35 years – what could this mean for you?

ubank has announced it is extending its loan term for refinances from 30 to 35 years as of 7 February 2023. While this could potentially prove beneficial for homeowners seeking some relief from relentless rate rises, it could also potentially cost these customers more in the long run.

Home Loans

08 Feb, 2023

4 min read

ubank extends refinancing loan term to 35 years – what could this mean for you?

Alex Ritchie

Personal Finance Editor

Another 50bps rate hike? What to expect from the RBA November meeting

Three of the big four banks are predicting another 25 basis point cash rate hike on Tuesday at the Reserve Bank of Australia’s next Board meeting to set the cash rate.

Home Loans

27 Oct, 2022

6 min read

Another 50bps rate hike? What to expect from the RBA November meeting

Alex Ritchie

Personal Finance Editor

You might qualify for a LMI waiver - but you'll have to be a doctor or an accountant

In Australia, some professionals can qualify to have LMI waived – but they may not be the borrowers you expect. RateCity research shows that the major banks offer a LMI waiver for medical and legal professionals.

Home Loans

11 Oct, 2022

5 min read

You might qualify for a LMI waiver - but you'll have to be a doctor or an accountant

Laine Gordon

Money Editor

NAB hikes variable mortgages and main savings accounts

Australia’s third largest lender, NAB, has announced it is passing on the full RBA hike to variable mortgages and its main savings accounts.

Home Loans

04 Aug, 2022

4 min read

NAB hikes variable mortgages and main savings accounts

Laine Gordon

Money Editor

Westpac hikes variable mortgages and all key savings accounts

Westpac has today announced it will hike variable rate mortgages by 0.50 percentage points for new and existing customers.

Home Loans

04 Aug, 2022

3 min read

Westpac hikes variable mortgages and all key savings accounts

Alex Ritchie

Personal Finance Editor

Up Bank launches home loans: here's what you need to know

Up Bank has announced it is entering the home loan market, joining the growing number of digital home loan lenders in Australia. Explore how this new loan compares and the benefits and risks of a digital bank.

Home Loans

21 Jul, 2022

3 min read

Up Bank launches home loans: here's what you need to know

Liz Seatter

Senior Finance Writer

CBA hikes home loan rates and some savings accounts by 0.50%

Australia’s largest bank, CBA, is the first of the big four to announce it will pass yesterday’s double cash rate hike onto its variable home loan customers.

Home Loans

06 Jul, 2022

3 min read

CBA hikes home loan rates and some savings accounts by 0.50%

Alex Ritchie

Personal Finance Editor

Pros and cons of NSW's shared home equity scheme

NSW government may help pay 30-40% of the value of properties for frontline workers, single parents, and older single Australians in a new shared equity trial scheme. Let's explore the pros and cons of this scheme.

Home Loans

20 Jun, 2022

6 min read

Pros and cons of NSW's shared home equity scheme

Liz Seatter

Senior Finance Writer

CBA hikes home loan rates and some savings accounts by 0.50%

Australia’s largest bank, Commonwealth Bank of Australia, has announced it will pass on yesterday’s full June RBA cash rate hike to its variable home loan customers.

Home Loans

08 Jun, 2022

3 min read

Laine Gordon

Money Editor

NAB and ANZ play follow the leader hiking for home loans, but staying ‘mum’ on savings accounts

NAB and ANZ have both announced they are passing on the RBA rate hike, in full, to their variable rate mortgage customers, effective 17 June.

Home Loans

08 Jun, 2022

4 min read

NAB and ANZ play follow the leader hiking for home loans, but staying ‘mum’ on savings accounts

Laine Gordon

Money Editor

Westpac matches CBA and ANZ, hiking by 0.25% for variable customers AND hike select savings accounts

Australia’s second largest lender, Westpac, has tonight announced it will pass on the cash rate hike in full to its variable rate mortgage customers, effective 17 May 2022.

Home Loans

03 May, 2022

4 min read