Money

Borrowing

Financial carelessness is directly proportional to the availability of debt, so of course we have a problem.

CBA customers are likely to take up offers to reduce repayments, without realising the long-term cost.

The big banks are likely to follow the move by Westpac this week to increase its variable interest mortgage rate.

When it comes to home loans, the game has changed and banks will now pore over the detail of your spending habits.

'Introductory' rates being targeted at first home buyers reflect the faux competition we have in the banking market, critics say.

Keeping your savings in your mortgage with a redraw facility is now a dangerous strategy. Use an offset account instead.

Bankruptcies are up 4 per cent for the year to June 30 this year over the previous financial year.

A flood of smaller banks have hiked interest rates recently and this is worth noting even if you bank with the big four.