Home Loans & Personal Finance

Corina C.

Perth, WA

2 Likes
0 Followers

What lenders cap LMI above 95% for Owner Occupier (NOT first home buyer), other than BoQ and Bankwest?

View responses or answer (4)

8 years ago

Jackson S.

Beenleigh, QLD

22 Likes
2 Followers

What’s the best home loan calculator I can use to compare how much I need to pay each month to pay the loan off?

View responses or answer (1)

8 years ago

Nikki W.

Zetland, NSW

4 Likes
0 Followers

I’m a first home buyer and would like to know how to plan ahead for rate increases. Is there a way to calculate or budget to make sure I can still make the repayments?

View responses or answer (6)

8 years ago

Paul Ryan

Director

North Sydney, NSW

303 Likes
295 Followers

Today the RBA decided to leave the cash rate at 1.5%.

The cash rate has not moved since August 2016 yet the banks have repriced a number of their loans in Dec 16, March 17 and again in June 17. The three rate increases (most recent by 0.30% on interest only loans) will conservatively generate in excess of $150M in additional revenue annually for each bank.

We all, along with the federal government need to be asking why? It'd be good to generate some discussion.

View responses or answer (4)

8 years ago

Mark B.

Glenelg, SA

3 Likes
0 Followers

For the loan to purchase our home we borrowed about 90% and had to pay mortgage insurance. If we refinance does it mean we have to pay it again?

View responses or answer (4)

8 years ago

Jas S.

Revesby, NSW

5 Likes
0 Followers

Looking to borrow about $670,000 and a broker has quoted options of 1.3% off one of the banks standard rate and rate from a non bank called loanave. There doesn’t seem much difference between the loan but the rate is 0.26% lower - is it a safe decision to go with the non bank?

View responses or answer (5)

8 years ago

Justin G.

Mascot, NSW

22 Likes
2 Followers

Hi , trying to get an idea of what the going interest rate & max LVR is for Residential property developments circa $10-20m?

View responses or answer (2)

8 years ago

Blake S.

Seaforth, NSW

1 Likes
4 Followers

Wondering what the best option is when it comes to getting money out when you're overseas. I will be visiting Europe soon and would like to know whether it's worthwhile getting a travel card or simply using my own debit card while I'm travelling? Thanks!

View responses or answer (2)

8 years ago

Leo A.

Kogarah, NSW

1 Likes
0 Followers

My investment property has an interest only loan and the bank has just increased the rate quite a bit…the property is working as ok as it has negative gearing but should I change the loan to principal and interest to get a better rate?

View responses or answer (3)

8 years ago

nerka k.

Craigieburn, VIC

4 Likes
0 Followers

Hi, the vendor of a property that i purchased has a mortgage of $480,000. The purchase price was $720,000. is this a problem for the purchaser? please give reasons why. thank you

View responses or answer (1)

8 years ago

Stuart P.

Carlton, VIC

3 Likes
0 Followers

Can we split our home loan into 2 accounts... one as principal and interest and the other interest only. Can the interest rate be the same for both as the advice we have received is a little confusing... some say we can and other say the rates will be different?

View responses or answer (6)

8 years ago

Maddy L.

Beverly Hills, NSW

7 Likes
0 Followers

Are there lenders or other options available instead of having to pay mortgage insurance …we need to borrow about 84 -85% but the insurance is so expensive?

View responses or answer (5)

8 years ago

Michael F.

Parkdale, VIC

15 Likes
0 Followers

Thinking of refinancing my loan from cba to loans.com.au. Big interest rate savings- worked out that I would recoup refinancing costs in 7 months. What are your opinions of loans.com.au? Any negative press I should be aware of?

View responses or answer (4)

8 years ago

Rodney T.

North Mackay, QLD

0 Likes
0 Followers

My daughter has a small car loan , but cannot drive the car she bought as it has fallen apart around her. She needs a car for work and she is only a trainee , what would be her best options to be able pay the existing loan out and getting herself into a new car?

View responses or answer (2)

8 years ago

Emma W.

Lilydale, VIC

1 Likes
0 Followers

I'm a single parent of 2 teenage kids and have never owned a home.
I would like to know the best way of going about this?
Thank you

View responses or answer (3)

8 years ago

Kate C.

Northcote, VIC

1 Likes
0 Followers

I have a fairly new car that I purchased 18 months ago and currently have a payout figure on my secured personal loan of $27k.
This is about $10 500 more than the car is currently worth if I sell it privately.

I would like to buy a cheaper car (around $10-12k) and sell my car. This means that I'll need a loan of roughly $22 000.

Should I apply for another person loan to cover this and sell my car? Any advice appreciated.
Kate

View responses or answer (4)

8 years ago

Gary S.

Springvale, VIC

3 Likes
0 Followers

We have had the DA and loan approved to complete our renovations but I just been offered a redundancy package at work. If I do accept the package will it have an impact on the loan approval?

View responses or answer (1)

8 years ago

Trevor A.

Nailsworth, SA

2 Likes
0 Followers

My wife and I currently have 3 unsecured debts between 2 credit cards and a personal loan.
We are working hard to pay them off as soon as possible so we can have some financial freedom, start building some assets and get on with our lives with a house etc down the track.

Is it best to try to consolidate the 3 debts into one so there is one account fee, one interest payment and one monthly payment, or is it better to keep them separate?

View responses or answer (2)

8 years ago

Cheree D.

Springwood, QLD

2 Likes
0 Followers

Hi I have a personal loan with repayments of about $940.00 per month. I have been advised I don't qualify for a home loan due to this liability. The loan in question still has about 5 yrs left. Should I look at buying land or just pay off the loan first?

I am wanting to get into my first home asap

View responses or answer (2)

8 years ago

Nicole H.

Sussex Inlet, NSW

2 Likes
0 Followers

I'm a owner occupier I've been in financial difficulty I'm with a major bank on interest only payments ATM will this stop me getting a better rate I'm on 4.6 because it was a no doc loan it was for 105.000 I'm down to 94,000 I'm on a pension?

View responses or answer (1)

8 years ago

What lenders cap LMI above 95% for Owner Occupier (NOT first home buyer), other than BoQ and Bankwest?

What’s the best home loan calculator I can use to compare how much I need to pay each month to pay the loan off?

I’m a first home buyer and would like to know how to plan ahead for rate increases. Is there a way to calculate or budget to make sure I can still make the repayments?

For the loan to purchase our home we borrowed about 90% and had to pay mortgage insurance. If we refinance does it mean we have to pay it again?

Looking to borrow about $670,000 and a broker has quoted options of 1.3% off one of the banks standard rate and rate from a non bank called loanave. There doesn’t seem much difference between the loan but the rate is 0.26% lower - is it a safe decision to go with the non bank?

Hi , trying to get an idea of what the going interest rate & max LVR is for Residential property developments circa $10-20m?

Wondering what the best option is when it comes to getting money out when you're overseas. I will be visiting Europe soon and would like to know whether it's worthwhile getting a travel card or simply using my own debit card while I'm travelling? Thanks!

My investment property has an interest only loan and the bank has just increased the rate quite a bit…the property is working as ok as it has negative gearing but should I change the loan to principal and interest to get a better rate?

Hi, the vendor of a property that i purchased has a mortgage of $480,000. The purchase price was $720,000. is this a problem for the purchaser? please give reasons why. thank you

Can we split our home loan into 2 accounts... one as principal and interest and the other interest only. Can the interest rate be the same for both as the advice we have received is a little confusing... some say we can and other say the rates will be different?

Are there lenders or other options available instead of having to pay mortgage insurance …we need to borrow about 84 -85% but the insurance is so expensive?

Thinking of refinancing my loan from cba to loans.com.au. Big interest rate savings- worked out that I would recoup refinancing costs in 7 months. What are your opinions of loans.com.au? Any negative press I should be aware of?

My daughter has a small car loan , but cannot drive the car she bought as it has fallen apart around her. She needs a car for work and she is only a trainee , what would be her best options to be able pay the existing loan out and getting herself into a new car?

I'm a single parent of 2 teenage kids and have never owned a home.I would like to know the best way of going about this?Thank you

We have had the DA and loan approved to complete our renovations but I just been offered a redundancy package at work. If I do accept the package will it have an impact on the loan approval?

Hi I have a personal loan with repayments of about $940.00 per month. I have been advised I don't qualify for a home loan due to this liability. The loan in question still has about 5 yrs left. Should I look at buying land or just pay off the loan first?I am wanting to get into my first home asap

I'm a owner occupier I've been in financial difficulty I'm with a major bank on interest only payments ATM will this stop me getting a better rate I'm on 4.6 because it was a no doc loan it was for 105.000 I'm down to 94,000 I'm on a pension?

I'm a single parent of 2 teenage kids and have never owned a home.
I would like to know the best way of going about this?
Thank you

Hi I have a personal loan with repayments of about $940.00 per month. I have been advised I don't qualify for a home loan due to this liability. The loan in question still has about 5 yrs left. Should I look at buying land or just pay off the loan first?

I am wanting to get into my first home asap