Money
Borrowing
FinTech app for pay advances proves popular but comes with a warning
MyPayNow gives people an advance on their next pay packet and has reached 30,000 users since launching in July.
- by Caitlin Fitzsimmons
Latest
Opinion
Credit cards
Pandemic hastens credit cards' slide
Credit card users have repaid more than $6 billion of their high-interest debt since the pandemic struck in March, and more than 500,000 accounts have been closed.
- by Joel Gibson
Home loans
Property price warning as JobKeeper payments cliff looms
Experts say there is likely more trouble ahead for property markets as government COVID-19 financial support tapers off.
- by John Collett
Opinion
Federal budget
What the budget means for 10,000 more potential first-time buyers
The highly popular First Home Loan Deposit Scheme allows new home buyers to put down just a 5 per cent deposit and avoid expensive lenders’ mortgage insurance.
- by Nicole Pedersen-McKinnon
Opinion
Home loans
How to save $85,000 on your mortgage – for free
Money held in a mortgage offset account is netted straight off your outstanding loan balance.
- by Nicole Pedersen-McKinnon
Opinion
Home loans
The five smart reasons to refinance your mortgage
Lenders are vying aggressively for your mortgage business, with cheaper rates and all sorts of other incentives, including cashbacks.
- by Nicole Pedersen-McKinnon
Home loans
Tens of thousands of Aussies are refinancing each month. Should you?
Australian property owners have refinanced more than $53.7 billion worth of loans in the past six months as introductory interest rates tumble to less than 2 per cent.
- by Nicole Pedersen-McKinnon
Opinion
Credit cards
No-interest credits cards launched, but are they really cheaper?
How does the cost stack up with other credit cards – particularly low-rate cards? You be the judge.
- by Nicole Pedersen-McKinnon
Opinion
Interest rates
CBA charged prohibitive interest for years after loans discontinued
It seems fear of post-Hayne scrutiny may have prompted the bank to ease up on customers saddled with crippling repayments.
- by Nicole Pedersen-McKinnon
Opinion
Home loans
Best home loans for investors wanting to refinance
Since we entered a COVID-19 economy, the area in the market where interest-only investment loans are particularly sharp is fixed-interest loans.
- by Nicole Pedersen-McKinnon