Westpac Home Loan Special Offers

lender specials

 

Westapac are offering a $1,250 refinance rebate offer for home loan and investment loan customers.

Here are the main conditions of the offer;

  • – Only available for home and investment loans
  • – eligible applications received from Tuesday 1st September 2015 and conditionally approved by Saturday 30th April 2016. Loans must settle on or before Thursday 30th June 2016.
  • –  Only 1 rebate is available per new property refinance from another lender.

For more information contact us to take advantage of this offer.

Follow the link to compare home loans from these lenders and the Australian mortgage market.

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St George, Bank of Melbourne, Bank SA Special Offers

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St George, Bank of Melbourne and Bank SA are offering a $1500 refinance cashback until further notice. This is available for owner occupier and residential investment refinances.

  • – To be eligible for this cashback you must satisfy the following conditions;
  • – Limited to one customer only. Customers with multiple applications are limited to this offer only once.
  • – Only available for loans under the Advantage Package Only. Excludes Portfolio loansMinium loan amount is $250,000
  • – Must have a transaction account linked to the refinanced home loan at time of settlement
  • – Not available for existing customers from St George Bank, Bank of Melbourne and Bank SA.

For more information contact us to take advantage of this offer.

Follow the link to compare home loans from these lenders and the Australian mortgage market.

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Commonwealth Bank Home Loan Special Offers

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From Monday 8th February to Saturday 30th April 2016 Commonwealth Bank are offering a refinance cash back of $1,500 to customers who refinance their Home loan,  Investment Home Loan or Line of Credit from another financial institution.

Here are some of the conditions of this offer;

  • – Minimum loan amount is $250,000
  • – Not available to existing Commonwealth Bank customers
  • – Only available to one customer only regardless of the number of transactions
  • – Must have a Commonwealth Bank Savings Account, transaction account or Veridian Line of Credit to receive this cash back

For more information contact us to take advantage of this offer.

Follow the links to compare Commonwealth Bank home loans or to compare home loans from the Australian mortgage market.

 

 

 

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Interest Rates Stable at 2%

interest-ratesThe RBA has today announced that in its first board meeting of 2016, it has decided to keep the cash rate on hold at 2%.

Economist expect interest rates to fall or remain stable within the coming months.

As a result of the announcement, I would expect that most lenders will leave their home loan variable interest rates unchanged. Smart Search will continue to monitor lenders for rate changes outside the official rate.

 

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December Interest Rates Steady at 2%

rba

 

For the seventh month in a row the Reserve Bank of Australia have decided to leave interest rates on hold at 2%.  The widely expected announcement to keep the cash rate at 2% will not be revisited for another 2 months as the RBA takes a break in January from making interest rate announcements.

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

Where to From Here?
While these changes affect banks and non-banks in different ways there are discounts that still can be found.

You can compare property investment loans at our mortgage comparison pages.

If you are looking for a home loan deals for owner occupied properties go to our compare home loans page.

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RBA Hold Interest Rates while Banks Hike Them

mortgage-rates-up1-300x225UPDATE: ING DIRECT will increase variable interest rates on all residential loan products by 0.18% p.a. effective from 15 January 2016. 

At yesterdays’s board meeting the Reserve Bank decided to leave the cash rate unchanged at the current low of 2.00%.
However, over the last few weeks the major banks and other lenders have been busy increasing their interest rates for owner occupier and investment home loans.

While the big banks copped all the negative publicity it seems a universal interest rate increase across all lenders.

In the table below I have summarised how much each lender had increased their interest rates and when they will pass this on to their consumers. While some lenders have not made announcements yet, I believe they will shortly or I cannot find a media statement saying they have increased their rates.

 

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank +.07 – 0.17% 20 Nov 2015
Bendigo Bank +0.12% 20 Nov 2015
AMP +0.18% 20 Nov 2015
ANZ +0.18% 20 Nov 2015
Bank of Melbourne +0.15% 20 Nov 2015
Bank of Queensland +0.29% 10 Aug 2015
BankWest +0.18% 17 Nov 2015
Citibank No Announcement Yet
Commonwealth Bank +0.15% 20 Nov 2015
ING Direct Bank +018% 15 Jan 2016
Member equity bank ( ME) No Announcement Yet
RAMS Home Loans +0.15% 20 Nov 2015
NAB +0.17% 12 Nov 2015
St George Bank +0.15% 20 Nov 2015
Suncorp Bank +0.16% 20 Nov 2015
Westpac +0.20% 20 Nov 2015

Where to From Here?
While these changes affect banks and non-banks in different ways there are discounts that still can be found.

You can compare property investment loans at our mortgage comparison pages.

If you are looking for a home loan deals for owner occupied properties go to our compare home loans page.

compare home laons

 

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