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The idea of getting a rate reduction on your home loan for every year you stay with your lender should be a standard feature on all loans. Unfortunately it's not.
If you've got a home loan and you're paying the "standard variable rate", there's no two ways about it you're being ripped off. Effie Zahos tells you how to make sure you get the best rate.
There are hundreds of home loan lenders out there, so you can do better than what the majors publish as the standard rate.
Loans that come with a whole lot of bells and whistles will generally cost you more. Go for a cheap one and there's every chance you can't do much with it. But some home loans have it all: that is a cheap interest rate and lots of features. The catch? You need to go online!
Originally introduced by a handful of banks as a perk to attract high-income customers, packages are now widely available, no longer exclusive to the rich.
Some lenders promote a low or nil establishment fee but forget to mention there are ongoing fees, valuation fees, legal fees, mortgage document handling fees and most importantly exit fees. Make sure you find out what you are getting in to.
It seems that 'girl power' is becoming a hot new force in the property market, Nicole Field explains.
Effie Zahos with a handy five-point checklist to follow when applying for a home loan.
Maria Bekiaris explains the difference between home loans on the market.
More Australians are getting a foothold into the property market encouraged by lower prices and more innovative ways of borrowing, writes Gillian Bullock.