The Credit Score Blog
A blog about mortgages, loans, interest rates, tips and tricks.
4 in 5 hopeful buyers don’t understand key financial concepts
While most Australians dream of owning their own home, the majority of hopeful homeowners admit they don’t fully understand how home loans or mortgage rates work.
That’s why we make it our mission to enlighten you during your home buying journey.
Found an account transaction error? Don’t foot the bill
Most of us have found ourselves in a sticky situation where we’ve spotted an unauthorised or mistaken transaction on our bank account or credit card statement. Here’s how to avoid footing the bill. The average Australian makes about 480 electronic transactions each...
How the new govt scheme could give you a head start on property
Did you know that it takes four to seven years for the average household to save a 20% deposit for their first home and avoid paying lender’s mortgage insurance? However, a new scheme promises to drastically reduce that time by dropping the required deposit to just...
APRA suggests banks relax key lending criteria
Here’s a bit of good news: you may be able to borrow more for your next home loan after the prudential regulator sent a letter to the banks asking them to relax a key lending criteria. In a letter to lenders, the Australian Prudential Regulation Authority (APRA) has...
Your home is not perfect: the value of pest and building inspections
They say that home is where the heart is. And it’s true that we spend so much of our time, money and emotions in our homes. So it can be hard to truly look at them and think that something could be wrong. But when you’re selling your home, or looking to rent it out as...
Don’t get scammed this tax season
Tax time is just around the corner, which means ATO impersonators are pulling out their bag of tricks to try and scam you. Here are the main scams currently doing the rounds. It’s fair to say that no one likes getting on the wrong side of the ATO. And this is one of...
With interest rates dropping, is it time to pull the cord?
Fixing your home loan while interest rates are dropping is a bit like pulling the ripcord on a parachute. If you do it early you’ll get a steady ride but may miss out on a bit of action. But if you leave it too late things might get a little messy. To fix the rate or...
Will lenders pass on the RBA interest rate cut to you?
The RBA has cut the official cash rate to a new record low of 1.25%. But hang on a sec… Will lenders even pass on the cut in full? Today we’ll look at how you can make the RBA rate cut work for you. The Reserve Bank interest rate cut to 1.25% – down from 1.5% – which...
Banks’ unclear pricing costing frustrated borrowers thousands
Borrowers who don’t shop around due to the banks’ unclear pricing tactics are losing out on an average of $850 a year, an ACCC report has found. Get a load of this. The tactic which the banks use to makes it “difficult” for borrowers to discover the best rates on...
Three financial tips for the savvy Millennial
It takes more than just cutting back on avocados to make it financially in Australia. Here’s what the under 35s really need to know. A Deloitte 2017 Millennial Survey paints a less than rosy picture of the financial outlook for millennials in Australia – at least,...
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