Your mortgage

Independent and trusted guides, reviews and comparisons to help you choose the right home loan, understand different mortgage products and avoid mortgage stress.

Save a deposit for your first home with a first home saver account

First home saver accounts abolished

CHOICE explains how the 2014-15 Budget will affect first home saver account holders.

15 May 2014 | First home buyers have it harder than ever before. Now the first home saver account has been cut.

Model home next to dice

Banks offer risky home loans

Banks are approving home loans that can get you into serious trouble when interest rates go up.

6 May 2014 | Banks and other lenders have loosened strict lending guidelines and are once again approving risky loans such as no deposit home loans, 40-year loans and mortgages with a guarantee for first-home buyers.

fixed-home-loans

Top 5 fixed interest rate home loans compared

Fixed interest rates for home loans are currently at historical lows, but beware of the fees.

22 Apr 2014 | To take a fixed interest rate for all or part of your loan can protect you against rates going up.

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Mortgage tips

We tell you how to secure the best mortgage deal.

25 Jun 2013 | We give you tips and advice for what you need to know before taking out a new mortgage or switching mortgages, and explain how your mortgage is funded.

Mortgage debt

Fretting about mortgage debt?

Australian households have experienced a spike in debt over the last two decades.

12 Apr 2013 | We look into the trend of a rising debt-to-income ratio in Australia. What's behind it, and what can you do to minimise your own mortgage debt?

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Home loan fact sheet shadow shop

The results of our key facts sheet shadow shop were unpleasantly surprising.

19 Feb 2012 | While most of the institutions we visited do provide key fact sheets on their websites, overall it seems that bank staff have little or no idea the fact sheets even exist.

Refinancing-your-home-LEAD

Refinancing your home loan

We uncover the path to finding the best mortgage and making the most of your money.

16 Sep 2011 | Switch and save and take a fresh look at the interest rates on your home loan. We take you through the basics and present some easy options to put you on the fast track to a better deal.

Toy house

Reverse mortgages

A reverse mortgage can help fund your retirement. CHOICE outlines the risks.

2 Nov 2010 | Reverse mortgages target homeowners aged 60 and older who want to borrow money against the value of their property.

House illustration

How to cope with interest rate increases

Rates are on the rise again.

6 Apr 2010 | The RBA increased interest rates by 0.25% in April 2010.

Financial_advisor

Are mortgage brokers working in your interest

Can you be sure brokers are working for you and not their own sales targets?

8 Oct 2009 | The CBA now requires mortgage brokers to submit a minimum of four loan applications and settle a minimum of three every six months, which presents an obvious conflict of interest.

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Polls

 
 

Have you recently asked your bank for a better home loan rate?

  
13%
 
Yes - and I got one
  
15%
 
Yes - but no go
  
70%
 
No

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