Home loan terms
Gone are the days when the only home loan on offer was a principal and interest arrangement, paid by the month over 25 years. Now, home buyers face a bounty of borrowing options, designed for different needs. Choosing the right one for your situation starts with understanding the jargon. Here’s our guide to what all […]
AFG Competition Index – November 2014
1 in 3 home loan borrowers refinance with non-major lenders 34% of borrowers who refinanced their home loans last month did so using a non-major lender according to AFG, Australia’s largest mortgage broker. AFG’s quarterly Competition Index shows that non-major lenders are strongest among borrowers seeking to refinance (as opposed to other borrower types – […]
Mortgage Index – November 2014
Record high for home loans in October Investment loans ease – but first home buyers at lowest levels ever AFG, Australia’s largest mortgage broker, processed more home loans last month than at any time in its twenty one year history, according to figures published today. AFG Mortgage Index shows that the company processed a total […]
Mortgage Index – October 2014
Investors drive demand for home loans to record high – September data First home buyers fall to record low. Strong demand from investors drove the overall number of home loans processed to a record high in September, according to AFG, Australia’s largest mortgage broker. Last month the company processed a total of $4.3 billion in […]
To buy or build? Guide for first home buyers
Many buyers struggling to find the right home are going back to the drawing board and building rather than buying an existing home. There are obvious benefits to a brand new home: you can build exactly what you want and enjoy shiny new surrounds, with no wear and tear costs for years to come. But […]
Mortgage Index – September 2014
FIRST HOME BUYING PLUNGES TO 4 YEAR LOW – LATEST AFG MORTGAGE INDEX Fewer mortgages were arranged for first home buyers last month than at any time in the past four years according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that loans for first home buyers comprised only 9.5% of all mortgages processed […]
Selling your house in the spring
With many property buyers in hibernation over winter, now is a great time for would-be vendors to spruce up their properties, ready for selling your house in the spring selling season. Here are our top tips to prepare: Make an entrance: First impressions count, so take stock of your front entrance. If your front door […]
Mortgage Index – August 2014
VICTORIA EMBRACES BROKERS AS HOME LOANS SURGE TO RECORD HIGH – LATEST AFG MORTGAGE INDEX Demand for mortgages from brokers surged to an all-time high last month in Victoria according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index, published today, shows that the company processed $1,09 billion in home loans for Victoria in July […]
Home loan industry insights
Competition among lenders for a home loan remains steep but borrowers may still be missing out on great deals and important information that could save them thousands of dollars. YOU HAVE FREEDOM OF CHOICE Most lenders will pitch one or two loan products to customers. But that’s a tiny fraction of the number of loans […]
AFG Competition Index – July 2014
Non-major lenders struggle for share of competitive home loan market Non-major lenders have struggled to increase their collective monthly average of 25% of all home loans processed during the last financial year according to AFG Australia’s largest mortgage broker. AFG’s quarterly Competition Index, published today, reveals that the collective market share of non-major lenders was […]