Banks vs credit unions vs non-banks: what’s the difference?

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.

What are low doc home loans?

Not everyone can get a regular home loan. For some, ‘low doc home loans’ are the best available option.

How to get a home loan for an apartment

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?

How to improve your chances of getting a home loan

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.

Mortgage delinquencies set to rise

International credit ratings agency Moody’s expects the number of mortgage delinquencies in Australia to rise in the coming months.

What is lenders mortgage insurance (LMI)?

Buying a property without a chunky deposit could see you whacked with the oft-dreaded cost of lenders mortgage insurance. But in a different sense, the time it takes to save up the deposit could also cost you.