The Credit Score Blog
A blog about mortgages, loans, interest rates, tips and tricks.
It’s on! First home loan deposit schemes open for applications
If you’d like to buy your first home with just a 5% deposit and pay no LMI, then you better act quick.
Spots in the latest round of the hugely popular scheme are officially up for grabs!
Find out more below 👇
Homeowners impacted by COVID-19 encouraged to contact lender
If you’re one of the many Australians who have been affected – or are worried that you soon will be – rest assured that you can talk to your lender about hardship options without it affecting your credit report.
First home buyer numbers spike to 10 year high
The number of owner-occupier first home buyer loan commitments reached its highest point in ten years in January.
RBA cuts cash rate to record low amid coronavirus concerns
Prime Minister Scott Morrison said he expected the big banks to “do the right thing” by Australians and pass on the rate cut in full.
How long does it take to find and secure your dream home?
A new survey has found that it takes first-home buyers an average of 44 hours to research properties, hone in on one they like, and begin the home-buying process – including applying for a mortgage.
Downsizers tipped to be a ‘powerful force’ in 2020
With softer lending conditions and strong property prices tipped for 2020, cashed-up downsizers looking to sell the family home and move into apartments or regional areas are in the box seat, says the REBAA.
Are you being stung by the loyalty tax?
The RBA has found that the difference in interest rates between new and outstanding variable-rate home loans increases with the age of the loan.
Credit scores set for Valentine’s Day boost
According to consumer and financial law firm MyCRA Lawyers, the change will allow people to get credit where previously they were rejected.
Smaller lenders taking applications for home loan deposit scheme
The additional 25 lenders are located around the country and will provide first home buyers with a range of choices.
How to increase your property’s value by up to 10%
Properties with high energy-efficiency ratings typically sell for up to 10% more, a review of international research shows.
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