Home loan resources

Home loans tips

Looking to save money on your home loan? Read the latest money-saving tips, mortgage checklists and how-to articles from Mozo’s home loan experts and moneyvators.

The RBA dust settles...Top home loan deals available now

The RBA dust settles...Top home loan deals available now

The big news this month was the Reserve Bank slashing the official cash rate to 1.50%. Understandably, Aussies with a home loan or looking for one were stoked. I mean, hey it’s the first time the rate has ever been this low in the last 50 years, so it’s cause for celebration.

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Is a fixed rate mortgage the way to go?

Is a fixed rate mortgage the way to go?

Just 5 years ago the average home loan interest rate was sitting at a high 7.27%. Fast forward to present day and it’s dropped considerably to just 4.56% - Saving a homeowner with a $500,000 mortgage (paid back over 25 years), $824 in repayments each month.

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Steps to pay off your mortgage faster

Steps to pay off your mortgage faster

Imagine this: You’ve paid off your mortgage years earlier than expected, have thousands more in your bank account and your next big purchase will be an around the world trip, as you finally tick all those places off your bucket list.

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Boost your chances of home loan approval

Boost your chances of home loan approval

You’ve saved the deposit, found the perfect property and are already imagining the ways you’ll furnish your new digs...but wait have you forgotten one important thing? Whether you will actually get approved for a home loan.

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What happens if.. I'm late on my home loan repayments

What happens if.. I'm late on my home loan repayments

Average property prices in Australia are expensive sitting at a whopping $563,100, which would make the average monthly repayment on a 5% loan over 25 years $3,292. So it’s no surprise that many homeowners get a little behind every now and then, due to unforeseen events like a job redundancy, relationship breakup or illness. But what exactly happens when you miss a payment?

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