Not all banks are created equal. There can be a distinct difference between banking with a big four behemoth like CommBank compared to, say, an online-only non-bank lender, or a not-for-profit community bank in a surfing village.
Most people dream of buying their own home one day on a big block of land. But as property prices and the demand for inner-city housing rise, more people are choosing the apartment life, which raises the question: is it harder to get a mortgage for an apartment than a house?
Gone are the days of carelessly stamping home loan application forms without the forensic scrutiny of expenses. Now, banks want to know exactly what you’re spending your money on – right down to your daily morning latte.
Consolidating other debts such as a car loan or a large credit card bill into a mortgage is one of the most common reasons for home loan refinancing in Australia. We look at how this works and whether or not it’s a good idea.
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