If you're one of the 80% of mortgage holders who stick with the big bank they know but usually don't love, you could be throwing away tens of thousands of dollars.
Don't buy into the idea that home ownership is just a pipe dream. More than a third of Aussie properties have mortgage repayments lower than than rental payments.
Around 700,000 interest-only mortgages will convert to principal and interest this year, leaving borrowers owing hundreds more each month. So what are your options?
The death or terminal illness of a family member can place an overwhelming financial burden on families. A new scheme from the Commonwealth Bank would cover mortgage payments of affected customers for about a year.
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