Home Loans Articles

Effective Ways of Using a Reverse Mortgage
A reverse mortgage is open to retirees, typically 60 or 65 years old and above, which allows them to release equity in their home in exchange for lump sum or regular payments, or a line of credit.
How Do I Reduce My Effective Mortgage Interest Rate?
As you might expect many people are not well versed in strategies to minimise their interest rate. If you’re one of them read on!
Minimising your Bad Credit History to obtain new credit
There are multiple strategies for minimising the effect a less than perfect credit history can have on your ability to obtain loans. We’ll look at the practical easy measures you can take in just a moment but first let me state the basic premise that all your efforts should centre upon:
5 Reasons Why You Shouldn't Pay Extra on Your Mortgage
While most of us aim to repay our mortgage soon, there are instances when doing so does not make sense. We show you what these instances are in this article.
5 Different Types of Mortgage Lenders
Check out some of your lending options and see which among these can provide you with the best deal when it comes to home loans.
How to Choose Mortgage Protection Insurance
As a responsible mortgage owner, you always try to make sure that you set aside enough funds to make your mortgage repayments. It doesn't matter if you're making payments for your own home or for an investment property, what's important is that you make those payments on time.
The Different Types of Home Loans
When you plan on taking out a home loan, your bank, mortgage manager, or broker will likely offer you different types of loans. But because of the seemingly endless choices, it's essential for you to understand and determine which type of home loan is right for you.
Understanding the Mortgage Process
Applying for a mortgage can be discouraging especially for first-time loan applicants or home buyers. To define it simply, an owner who provides a collateral or interest as security for a loan is called mortgage. However, this doesn't have to be a difficult task as long as you understand the process of applying for a mortgage. And that's what this article is all about.
What You Need to Know About Mortgage Insurance
When you talk about mortgage insurance, you're actually talking about a blanket term for insurance that relates to a home loan. You need to be careful though and find out what exactly it is you're getting. The reason for this is that one type of mortgage insurance is designed to work in favor of the lender, while the others are for your benefit as a borrower.
Taking Care of Your Credit History
The mortgage and finance industries aren't exactly that welcoming. Banks, lenders and mortgage managers need to implement a set of criteria before they approve the loan of a prospective buyer. Investments relating to money are a serious business and it is imperative for the industry to practice certain set of rules to make sure everyone lowers their risk and gets their money's worth.
Getting the Right Loan
Getting a loan is not as simple as it sounds and definitely not light on the pocket. There are several factors that you need to consider including your budget, the interest rates, lenders, types of loans, fees, and surcharges. But taking out a mortgage can be relatively easy if you know the necessary steps to making sure you are getting the right home loan for you.
What You Need to Know About Mortgage Protection Insurance
We all deserve to own a home. But getting one can be a costly affair once the monthly repayments are taken into account. It's all good if you have a steady job, but then again, there's no telling what could happen in the future. What if you get sick and become unable to work, where would you get the money for your monthly repayments?
Essential Tips to First Time Home Buyers
Buying your first home is difficult enough. But on top of that, you might also go through the confusion of trying to understand how everything works. How much deposit do you need? How do you buy a home? What grants can you take advantage of?
Buying Vs. Renting Property: How to Decide
Should you buy a property or just rent one? On a month-to-month basis, it seems that renting is a better option since monthly repayments do not tie you down and you don't have to deal with the changes in the property market. However, since the RBA has cut down rates, houses have seemingly gotten more affordable. And all these make choosing even more confusing.
RBA Cuts Rates by 25 Points
The Reserve Bank of Australia (RBA) announced a 25-point cut in cash rates after its final meeting for the year on Tuesday.
RBA Expected to Cut Rates Anew
Analysts expect another round of rate cuts when the Reserve Bank of Australia (RBA) conducts its final monthly meeting for the year tomorrow, December 4.
Understanding Mortgage Repayments
Mortgage repayment is a term that refers to your payment to the lender for the money that you owe. As with the other aspects of mortgage, repayments come in many forms, depending on the lender. Being familiar with some of the most common form of mortgage repayments would help you choose the best arrangement for you.
The Basics of a Home Loan
Home loans come in different varieties that meet the specific needs of individuals. Some are fixed, for example, to cater to those who wish to make fixed repayments regardless of the changes in the market. Meanwhile, others choose variable rates to take advantage of dips in the rates.
Money Saving Strategies for Home Buyers
In the past, we've shared with you tips on how to save money if you're buying a house. And we're sharing some more with you here at Rate Detective. We believe that anyone can overcome the seemingly impossible task of putting together money for their home loan.
Home Loans 101: The Question of How Much You Should Borrow
When you use one of our home loan calculators, you will receive an estimate of the amount of money that you can borrow. Since it is only an estimate, you still need to talk with our advisors to get a more accurate picture of your borrowing power.

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