How Mortgage Brokers Can Help…

7 September 2011

More than ever mortgage brokers can significantly save you time finding a home or investment loan due to the new  regulatory requirements. The new legislation requires that all lenders and brokers assess an applicant before they can recommend products. Often this requires supporting documentation that includes;  tax returns, pay slips, identification, other loan statements such as car, personal and home [...]

Share
Read the full article →

Fixed Rates to fall after RBA keeps interest rates on hold.

6 September 2011

Interest rates remain on hold at 4.75% this month after the Reserve Bank of Australia made their decision yesterday afternoon. Later that day Commonwealth bank further reduced its 1 and 3 year fixed rates from the previous month. It looks like other lenders are to follow as the weeks go by. I will keep you [...]

Share
Read the full article →

Westpac reduces fixed home loan rates again!

9 August 2011

Only a day ago Westpac reduced its fixed rates by 0.40%. Today they reduced their fixed rates by a further 0.20% after the Commonwealth Bank announcement. The competition is heating up.

Share
Read the full article →

Commonwealth Bank Reduce Fixed Rates

9 August 2011

Commonwealth Bank has reduced its fixed rates by 0.60%. 1, 2 and 3 year fixed rates will be at 6.74% and 6.59% with a package 4 and 5 year rates will be at 7.14% or 6.99% with a package To find out if these fixed rates are suitable for your lending needs please send an [...]

Share
Read the full article →

Home loans being discounted more than normal by the banks.

9 August 2011

Looks like competition is hotting up in the Australian mortgage market. Variable  home loan rates have traditionally been discounted by 0.70% when borrowing more than $250,000, and now we are seeing discounts over 1%. Discounts depend on the lender but there is a common theme amongst the banks. They are looking for low risk borrowers that borrow less than [...]

Share
Read the full article →

Mortgage Calculator – Offset and Extra Repayments

8 August 2011

Have you tried our mortgage offset calculator. This is a powerful tool that shows how extra repayments and money held in an offset account helps pay your mortgage quicker. Here are a few examples; 1. Jim and Mary have a $300,000 loan over 30 years at an interest rate at 7% per annum. They place $10,000 in their offset account over [...]

Share
Read the full article →

← Previous Entries

Next Entries →