The lender has the right to change the interest rate on a variable rate home loan. As an example, this may occur if the Reserve Bank of Australia increases its interest...
Repayment of the loan principal is deferred for an agreed period. During this time, the borrower only pays the interest charges which means a lower minimum payment. IO...
Principal is the actual money you have borrowed and interest is the fee lenders charge you whilst you owe this money. Interest is generally calculated daily on the...
LMI is insurance that protects the lender against losses it might incur by providing a loan to a borrower. In other words, LMI protects the lender, not you! ...
LVR is used by lenders to determine how much they will lend against a property for a particular loan product. For example, your house is worth $500,000 and...
Under the scheme, a one-off cash grant is available to buyers who have never purchased a home before. The amount of the grant varies between States and Territories,...
A 2 Year Fixed Interest Rate Home Loan starting with a 1 That is effectively what Mates Rates Cash Back Mortgage Brokers Exclusive Monthly cash back as used...
