Making News this Week

Some of the headlines in the mortgage world this week:

Don’t mess with cheap loan scheme: REIWA read more
Struggling first home buyers and high-risk borrowers could be pushed out of the market if the West Australian government privatises its cheap loan scheme, an industry group says.

Consider opt out costs when getting a loan read more
When getting a home loan, particularly with the current tempting low fixed term interest rates on offer, the Consumer Action Law Centre has advised borrowers to consider their opt out fees upfront, as well as the long-term outlook.

NAB customers ahead on mortgage repayments read more
New figures released by the National Australia Bank show 85% of its home loan accounts are now ahead on mortgage repayments with 32% from Victoria, 31% NSW, 21% Queensland, 9% Western Australia and 7% South Australia.

Choosing Small Lenders can save money read more
Australia’s big four banks – Westpac, Commonwealth, ANZ and NAB – dominate the market but it’s the smaller lenders that often offer the cheapest rates reports Nine News.