Interest Rates On Hold – Lenders Reducing Rates

8 August 2011

August brought about another interest rate hold bringing relief to many mortgage holders. Mixed messages from economists is making it difficult to get an indication on where the interest rate market is heading. The Reserve Bank of Australia considered raising rates but left them on hold and are adopting a wait and see approach for [...]

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Interest Rates On Hold for Now!

7 June 2011

The Reserve Bank of Australia have decided to give mortgage holders a reprive this month by keeping the cash rate at 4.75%. This is the sixth straight month the RBA have kept interest artes on hold but they have been keen to raise interest rates at some stage in the future. Softer housing prices, the [...]

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Tips for Home Loan Refinance – Costs of Switching Mortgages

15 March 2011

Before you refinance your home loan in Australia it is important to find out the true cost of switching lenders. You will need to take into account exit and entry fees.  It is only when the lower cost in interest rate offsets the fees paid is when you may consider switching lenders. Below  are costs you should [...]

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Mortgage Calculators to Find Out How Much You Can Borrow.

14 March 2011

Australian online mortgage calculators can provide a good guide as to how much you can borrow. However,  you need to be realistic when using these calculators as they make various assumptions about your living expenses and lifestyle. Here are some calculators to help you make a more accurate assessment of how much you can realistically borrow. A budget [...]

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Mortgage Brokers Help Save Finding a Loan with New Credit Laws

8 March 2011

The new National Consumer Credit Protection Act  (NCCP) makes it harder for borrowers to compare loans. Recent law changes to the mortgage industry require mortgage brokers and lenders to qualify a client before recommending a mortgage product. This requires more documentation and checks than ever before seen in the industry. It  can be exhausting and time [...]

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Interest Rates On Hold!

2 March 2011

The Reserve Bank of Australia announced that interest rates will remain on hold at 4.75%. Although rates remained on hold this month economists are predicting another rate rise within the next few months and possibly another increase before Christmas. Check out the latest bank and non bank interest rates at Smart Search Finance.

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