Loans

CREDIT SCORES

Good records lead to better loans

House with dollar coin

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

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.

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.

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

3197NO-USA-MARKETS_O_ NONE

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

Mortgage mortgages home loan loans lending property money cash saving photo illustration
SHD INVESTOR Illo by STAFF
(NO CAPTION INFORMATION PROVIDED)

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

Low-doc loans on borrowed time

<p>Housing</p>

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

Reverse loans cast a shadow

dollar    Generic.  Elderly.  Pensioner, GST, Tax, Savings etc.   Old woman's hands holding a purse, taking out a one-dollar coin

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

CREDIT CHECK

Free credit record not always easy to find

Hard to spot: Finding the free credit report you are entitled to may require a detailed search.

John Collett Consumers are unhappy about how difficult it is to obtain the free copies of credit reports they are entitled to.

Comments 22

Sunday Money Data Service

See how Australia's biggest listed companies performed this week

BOURIS ON MONEY

Home loan rates will rise – so be prepared

Going up: Ignoring rising interest rates is a big mistake.

Mark Bouris It’s worth having a plan for repaying a home loan at a higher interest rate than the rate at which you borrowed.

Don't be misled over the deposit you need

Don't let LVR confusion crush your dreams of buying a  desired home.

Michelle Hutchison There's a lot of confusion for home buyers over advertised loan-to-value ratios.

Comments 4

BUYING TO LET

Patchy outlook for investors

Building wealth.

John Collett Record-low interest rates have been driving property prices higher. But borrowing won’t always be cheap and, if you’re thinking of buying to let, you will need to tread carefully.

Default looms for millions of Australians

TELSTRA:970914:Save as GENERIC:Pix by QUENTIN JONES:..
 Telstra / Phone Bill / Overdue Account /Phone Account.

John Collett Six months after new credit reporting regime began, a picture is emerging of a country up to its neck in debt.

Comments 79

DEBT'S THE WAY

Debt that's good, debt that's bad

SMH GL - iStockphoto RF Image.   Cabbage, Vegetable, Savoy Cabbage, White, Isolated, Green, Leaf, Single Object, studio, White Background, Image 24MoneyCover

Christine Long There are different types of debt. Some drag you down, while others can give you lift-off.

INSIGHT

Debt policy? Better wait than never

Clancy Yeates No one likes missing out, but getting caught on the wrong side of a downturn would be worse.

Get a step up with your mortgage

Up the rungs: Do your homework to climb the housing ladder.

Mark Bouris With a bit of homework and a willingness to bargain, people can save money on their mortgage and get ahead.

BORROWING

First-time property buyers in Sydney and Melbourne need to be careful

The property market is running hot with a large number of auctions in Sydney and Melbourne.

John Collett Sydney and Melbourne property prices still show no signs of peaking.

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.