BANKS are offering discounts up to 1 per cent off their standard variable mortgage rates to stimulate the home loan market ahead of the crucial spring selling campaign. With loan growth across the market having dropped back to just 6 per cent over the 12 months to June 30 from an annual average of 8 [...]

The federal government’s announcement on 25 March that home loan exit fees are banned from July 1 onwards is causing confusion with a number of borrowers who are trying to decide whether to switch now or later. Many are unsure whether it will be more beneficial for them to wait until this expiration date passes [...]

Most people, whether they are owner occupiers or investors, have to borrow money when purchasing property. When you are in this situation, one of the most commonly asked questions you will ask yourself is: “Should I take out a principal and interest or interest only loan?”