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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BankWest bank increases Interest rates

Bankwest has just announced that it will lift its variable home loan rates. Bankwest today announced it will increase interest rates by 18basis points across its variable home loan portfolio, effective 17 November 2015. Is it time to review your Home Loan ? http://www.1300whatloan.com/news/bankwest-bank-increases-interest-rates
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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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Who really uses negative gearing? Nurses, teachers, clerical staff

The Property Council of Australia refutes claims made today that average Australian workers are not the main beneficiaries of negative gearing.   The latest available data from the Australian Taxation Office is indisputable and it shows that some of Australia’s most valued, but lower paid workers are the primary beneficiaries of negative gearing.   This includes the 42,000 nurses, midwives and aged care workers, 62,000 teachers and child carers, 12,300 emergency service wor...
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Mortgage and money resolutions for 2011

So, how do you plan to make the most of your money in 2011? The Herald Sun ran an interesting article this week about financial resolutions, divided up into some resolutions that each generation might want to make. For me as a generation X-er, they couldn't have been more right, pinpointing many in my generation as people who've recently upgraded from a unit or smaller home to a larger suburban family home - with a matching bigger mortgage. Getting ahead of such a mortgage (or sometimes even jus...
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Refinance your loan or keep paying through retirement?

Two main topics hit the New Year mortgage news this week, one of which was downright depressing but fortunately the other gave me a hint of optimism about our home loan. Perhaps I'll need a New Year's resolution or two to be able to make the most out of the alternatives to my current mortgage. Anyway, let's start with the bad news: one report out this week suggested that a huge proportion of Australians will still be paying off their mortgage after they've retired. Almost half - 49 per cent, ...
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Interest free home loans or buy now pay later

The costs of home ownership could be cut by 20 per cent under the terms of a radical zero-interest "equity finance loan" to be launched through major lenders from July. The idea for the loans arose in work carried out for Prime Minister John Howard's 2003 Home Ownership Task Force. Christopher Joye, who led the taskforce, now works as an executive director with Rismark, which has patents on the equity finance mortgage (EFM). (more…)
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