ING Direct Interest Rate Discount 3.99% (CPR 4.19%)

ING Direct have reduced their Orange Advantage home loan  product at a variable rate of 3.99% (comparison rate 4.19% p.a.) which will be available until 31st October 2015.

This offer is only available for;

– New residential lending with new to ING DIRECT security property (standard minimum loan amount applies)

– Borrow up to 80% of the properties value

– Only for Owner occupied loan purpose

– Principal & Interest repayments

Other advantages is that ING Direct will waive the first year annual fee values at $199 and reduce any fixed interest rate product by 0.10%.

To view this product click here or compare it to hundreds of other products you can compare home loans here

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Interest Rates On Hold For August ANZ CBA NAB Westpac

interest-ratesThe RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged.

We expect that lenders will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside of the official rate.

Even though variable interest rates are on hold for this month there are many fixed rate home loan and investment loan deals on the market.

Last month the major banks, ANZ, Commonwealth Bank, NAM and Westpac, had a fixed rate interest war and there are some very competitive rates available from all lenders.

If you are interested in exploring this further click the button below.

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5 Year Fixed Rate War – ANZ NAB CBA and Westpac

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No sooner I wrote that Commonwealth Bank reduced their 5 year fixed rate loans to 4.99%, NAB and Westpac also reduced their rate down to 4.99%.

All these loans are available under their packaged loans where there is an annual fee to be paid, up to $395 depending on the lender.

ANZ and other lenders have yet to reduce their 5 year fixed rate but the pressure from the other majors will see better deals in the coming months.

To see if these loans suit your lending needs feel free to contact us

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Commonwealth Bank Rate 5 Year Fixed Rate Reduction

CBAToday the Commonwealth Bank announced a 0.70% reduction of their 5 year fixed rate home and investment loan from 5.69% to 4.99% (comparison rate 5.62% p.a) under their MAV or Wealth Package.

The interest rate will be available as of 23rd July 2014. This rate is subject to change so check the date of this post to be sure that it is not put dated.

If you would like to know more about this loan and compare it to others that suits your financial needs feel free to contact us via our quote form by clicking the button below

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DISCLAIMER: Any interest rates, fees and charges quoted are correct as published or advised by the Lender, and are subject to change without notice. Unless specifically advised, this is NOT an offer of finance. For a formal offer of finance from the Lender you must submit an application for credit approval to the Lender, subject to the terms and conditions to be determined by the Lender. Any quotes provided are indicative only and does not take into account your specific circumstances, needs and objectives.

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Variable Interest Rates On Hold, Fixed are Falling

The RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged. It looks like that rates will remain stable for some time yet according to many economists.

We expect that lenders will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside of the official rate.

We have noticed that many lenders such as ANZ, Commonwealth Bank, NAB, ING Direct and Westpac have been decreasing their fixed interest rates. There are some good bargains to be had if you are seeking a fixed rate loan.

If you require assistance in comparing and seeking a competitive variable or fixed rate loan feel free to contact us by clinking the button below

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Fixed Rate Home Loans Are Falling

Despite the RBA leaving variable interest rates on hold for July, fixed rate home loans and investment loans continue to fall.

Below is just a sample of the types of rates you may find in the Australian mortgage market. Please note that these loans may not suit all borrowers so it is imperative that you contact your mortgage advisor to see if these loans suit your lending needs.

1  Year Fixed Rate     4.69%     CPR 5.13%

2  Year Fixed Rate     4.79%     CPR 5.31%

3  Year Fixed Rate     4.68%     CPR 5.31%

4  Year Fixed Rate     5.21%     CPR 5.13%

5  Year Fixed Rate     5.29%     CPR 5.45%

7  Year Fixed Rate     7.30%     CPR 5.26%

10 Year Fixed Rate     7.30%     CPR 5.26%

For more information on fixed rate loans and to see if they suit your lending needs feel free to submit a mortgage quote by clicking the button below.

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