Obtaining a mortgage loan might be tough these days. Therefore, while shopping for a new home, its better you become pre-approved prior to beginning your search or making an offer to a home seller.

THE Reserve Bank appears to have suggested that major banks recouped more than just the increase in funding costs when some raised mortgage rates by more than this month's rise in official cash rates.

AUSTRALIA'S big four banks have moved quickly to hit home loan customers with another interest rate rise after yesterday's move by the Reserve Bank.

MORE than 40,000 unlucky people have been caught out in a fixed mortgage rate trap, having taken out their loan at the highest fixed interest rates in a decade, denied any saving from the recent cuts and confronting costly break fees if they decide to refinance.

FEDERAL Government money is funding the country's cheapest mortgage rate.