Eating the house, chunk by chunk

BOOMERS taking out reverse mortgages could be better off regularly dipping in to their home equity, rather than taking out lump sums.

Banks warn of rate rises if fees cut

AUSTRALIA'S banks have threatened to lift interest rates even higher if forced to slash customer penalty fees.

Balancing a loan and a family

AS RATES and house prices rise, having both a mortgage and a family can be a financial struggle - but with planning a balance can be found.

Housing stress levels overstated - RBA

THE RBA says a typical household can afford to spend much more than the old benchmark of 30pc of its income on a mortgage.

Higher rates OK, says credit union

HIGHER interest rates are not all doom and gloom and can provide a means to increase wealth, according to credit union, CUA.