HomeMate.com.au

A massive one percent interest rate cut this week, on top of the two previuos big rate cuts has made more than 43,000 home borrowers Australia’s biggest losers. And they only have themselves to blame for not listening to Mr Mortgage. The costs of exiting an average fixed-rate mortgage jumped to $18,000 because break fees for [...]

First home buyers are allegedly forward dating contracts to illegally claim the boosted first-home grant. Some dodgy real estate agents and mortgage brokers are encouraging the fraud, suggesting buyers change the date of existing contracts to fall after October 14 so they qualify for the latest lucrative federal government grants. Forward-dating contracts could net first-home [...]