Loans

CREDIT SCORES

Good records lead to better loans

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John Collett Solid credit scores could help you get a cheaper mortgage if Australia follows the US.

Bank reveals rush to pay off loans

People are paying over their minimum monthly mortgage repayments.

Clancy Yeates Australians are rushing to pay off their home loans faster than many households overseas, with half of all borrowers ahead of their mortgage repayment schedule.

One in five new borrowers fix home loans

First home buyers are locking in more fixed rate home loans than they were four years ago as arrears rates continue to improve.

Lending

Margin loans rise but risk still off table

ASX

Clancy Yeates Margin lending is growing for the first time since the stimulus-induced sharemarket surge of 2009, as investors seek to capitalise on record low interest rates and rising stock prices.

Banks' could pull back on home loans

Gareth Hutchens Banks could pull back from lending to new home owners after making losses on mortgages.

Margin loans still on the nose

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Margin loans are still out of favour, more than three years after the global financial crisis (GFC) began, with fewer investors than ever inclined to use them - and those that do opting for much more...

More buyers turn to non-bank loans

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Clancy Yeates The number of people taking out home loans with non-bank lenders is creeping up.

Low-doc loans on borrowed time

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By Lesley Parker Responsible lending laws may bring an end to these potentially predatory financial products.

Reverse loans cast a shadow

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By Barbara Drury Tapping into home equity may seem like an easy way to gain extra cash but mistakes can cost you dearly.

Mortgages

Don't fall for the mortgage traps

A helping hand: Glenn and Danielle Waterson were delighed wit the deal their mortgage broker secured for them.

David Potts Lender's insurance can cost thousands and actually protects the bank, not the borrower writes David Potts.

INSIGHT

RBA keeps the brakes on - or does it?

Clancy Yeates Rates are getting better if you are in debt, but less favourable for people with savings in the bank.

DEBT-FREE?

Kiwi expats face arrest on student debt defaults

Leaving is easy, coming home is hard, especially if you've not repaid your student loan

John Collett Kiwis living in Australia who are overdue with repayments could be arrested on returning to New Zealand.

CREDIT REPORTS

Do you know your credit history?

Mark Bouris Credit reports are a fact of life if you want to borrow money and they can be really helpful, so learn how they work and start planning.

BORROWING

Plan ahead when buying first home

Mark Bouris dinkus.

Mark Bouris When interest rates are low, house prices usually rise and first-home buyers can feel shut out of the market. But all is not lost when sticking to a few simple tips: 

OFF THE PLAN

Developments for the early bird

Couple reviewing blueprints property

Emily Chantiri Early investment in a new property development can be a wise financial move.

FIRST HOMES

Loan the best way to lend offspring a hand

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Max Newnham Buying a first home is difficult for many young people. There are a number of ways parents can help.

ASK NOEL

Once bitten, should I shy away from buying?

Which way now?: Investors with a bit of cash to spend are best served by doing some thorough research on the areas where they are looking at property.

Noel Whittaker I am in no rush to buy back in, however feel that the longer I wait, the further the market is getting away from me.

THE THIRD WAY

Bold approach solves the rent or buy conundrum

Living the dream: For many of us, owning our home is a decision we make as much with our head as with our heart.

Melissa Browne There is also a third option which involves renting where you live and buying property as an investment only.

BORROWING

Special rates aim to lure you in

Know the difference: It's important to know  the true, long-term costs of a loan before committing to it.

Mark Bouris There’s something of a home loan ‘'rate war'’ going on at the moment, which can be great for borrowers. But it also creates pitfalls for the unwary.

TIP OF THE WEEK

Time to cut back debt, not lock in more

Up and down: Interest rates can go up as well as down.

Catherine Robson Rates won't stay low forever - so pay off your debt while you can.