Late week surprise…….. Me Bank Lowers Interest Changes

Late week surprise Me Bank Lowers Interest Changes   Product Name Flexible Home Loan - 1 Year Fixed (Investment) Flexible Home Loan - 2 Year Fixed (Investment) Flexible Home Loan - 3 Year Fixed (Investment) Flexible Home Loan - 4 Year Fixed (Investment) Flexible Home Loan - 5 Year Fixed (Investment) Flexible Home Loan with Member Package - 1 Year Fixed (Investment) Flexible Home Loan with Member Package - 2 Year Fixed (Investment) Flexible Home Loan with Member Package ...
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AMP – owner occupied decreasing Homeloan Interest rates

Variable Rate Loans Special Offer - for loans with an Owner Occupied security AMP Essential Home Loan - owner occupied (up to and including 90% LVR) decreasing to 3.99% pa Professional Variable Rate Loan - owner occupied $750k+ & <= 80% LVR decreasing to 3.99% pa Professional Line of Credit owner occupied $750k+ and <= 80% LVR decreasing to 4.19% pa Special Offer Business Rules – Applies to new applications with an owner occupied security received from Monday 12 October 201...
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Fourth major bank hikes Interest rates

Last major banks announces variable rate rises The last of the four major banks has decided to increase variable rates on owner occupied and investment home loans. ANZ by 0.18% NAB by 0.17% CBA by 0.15 % The Reserve Bank of Australia still has Interest rates at its lowers in decades at 2%. BUT with the Banks variable rates going up is it time to review your mortgage and see what options their is ? Please feel free to contact us if you want an obligation free review of your loan...
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FIRST MAC Bank – Product Update

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Commonwealth Bank Interest Rate Changes

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NATIONAL AUSTRALIA BANK Bank Interest Rate Changes

Bank Interest Rate Changes Base Variable Rate (Principal & Interest) Previous 4.28% Current 4.15% Change (%) -0.13%   http://www.1300whatloan.com/news/national-australia-bank-bank-interest-rate-changes  
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  ING Interest Rate Changes

Promotional interest rate drop to 3.99% p.aING DIRECT announced enhancements to the current Orange Advantage interest rate promotion, dropping the variable interest rate to 3.99% p.a. (comparison rate 4.19% p.a.) and removing the loan amount threshold of $500,000.They also have our 1% cash back on monthly mortgage repayments of up to $3,000 promotion. All that is required is for customers to: Hold an Orange Advantage Home Loan and an Orange Everyday account Deposit their salary of $1,000 or ...
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Amp bank Interest Rate Changes

From Monday 31 August 2015 the following variable rate special offers available for new business applications: AMP Essential Home Loan Variable Rate 4.09% pa (4.11% pa comparison rate*) Basic Package Variable Rate 4.19% pa (4.23% pa comparison rate*) 2 Year Basic Fixed Rate of only 4.18% pa (4.23% pa comparison rate*). Special rate offers are only for owner occupied loan applications received from 31 August 2015 to 30 November 2015.
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Making News This Week – 27/6

Give mortgage brokers the respect they deserve: MFAA Read More The MFAA has demanded that APRA back down from its claim that third-party loans are riskier than loans from other sources. The MFAA has now responded with an official submission that calls for APRA to withdraw such comments from its final version of the guide. Housing costs, mortgage stress in Perth cripples families Read More A recent survey reports that thirty per cent of WA Speaks respondents said they were lucky to have $100...
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10 Things First Time Home Buyers Need To Know About Mortgages

This guest blog is written by Andrianes Pinantoan. Whether to buy a home or not, it will be one of the biggest decisions you have to make in your life. It is certainly the biggest buying decision you have to make in life. Despite this, however, many first time home buyers don’t know enough about mortgages to make a sound decision. If you’re a first home buyer who wants to avoid the fate of receiving unpleasant surprises from your financial institution, then these 10 tips are crucial. L...
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Australian Home Borrowers Vulnerable to Defaults

Interest rate hikes are increasingly likely to send Australian homeowners into default, Fitch Ratings has claimed. In an exposure draft review of the Australian RMBS sector, the ratings agency has claimed homeowners are now more vulnerable to interest rate hikes than during the recession of the 1990s, when interest rates were around 17%. Director of Fitch's Australian structured finance team David Carroll said this could be attributed to rising levels of indebtedness and higher house prices. He...
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Could one Small Mistake Cost you a Home Loan

Did you know that just one forgotten electricity bill or unpaid mobile phone invoice could make or break your home loan application? Did you also know that an unpaid bill of just $100 or more can smear your credit file for up to seven years?   The fact is, it doesn't take much for your credit file to end up with a black mark against it.   Kristy Sheppard confirms that Mortgage Choice's home loan advisors meet with would-be borrowers on a daily basis, who are shocked to learn that their credi...
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Sounds like mortgage stress is on the rise in Australia

When you first take out a home loan, whether it's for your own home or as an investment, you start off with the expectation that you'll be able to make repayments relatively easily - whether that's from your salary or from rental income. Nobody deliberately (I hope!) takes on a mortgage that they're going to have trouble repaying. But then interest rates rise - like they've done pretty regularly here in the last year - and it's a little scary how quickly you can get out of your depth and start t...
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