Free Service: Save thousands per year On Your Mortgage…

Imagine an extra couple of thousand per year in your pocket... That's enough for an overseas holiday with the family every year! You may have seen on the news that Australia currently has the lowest interest rates in 41 years. What that means for you is that you can switch your mortgage onto these low rates, and save yourself thousands of dollars per year in interest payments. Your bank is not obligated to automatically put you on a lower rate. In fact, it's in their best interest no...
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Me bank Interest Rate Changes

ME today announced changes to its variable and fixed home loan interest rates for investor and selected owner occupied loans. http://www.1300whatloan.com/news/me-bank-interest-rate-changes
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Lender Rate Changes

BANK WEST Bankwest Super Start Home Loan - 3 Year Intro Rate LVR <80% (Investment) from 4.39% to 4.54% up 0.15% WESTPAC Fixed Rate Interest in Advance Investment Loan 2 Yrs from 4.59% to 4.89% up 0.30% Fixed Rate Interest in Advance Investment Loan 3 Yrs from 4.69% to 4.89% up 0.20% Fixed Rate Interest in Advance Investment Loan 4 Yrs from 4.69% to 4.89% up 0.20% Fixed Rate Interest in Advance Investment Loan 5 Yrs from 4.59% to 4.89% up 0.30% Fixed Rate Investment Loan 2 Yrs from ...
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A Complicated Past May Still Secure You a Home Loan – Non Conforming Loans

It is possible to get a Home Loan even if you don’t meet a Bank’s credit criteria. With the memory of the recent financial crisis still fresh and the resulting credit tightening still in effect at most financial institutions many would-be homeowners are still standing on the sidelines assuming that credit is out of reach for them. Industry experts recently revealed that one in five people in Australia still can’t get credit from a traditional lender. That’s where Specialist Lenders come in...
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NAB helps first home buyers get a foot in the door

National Australia Bank analysis shows first home buyers are increasingly turning to their families for help to achieve their home ownership dreams. NAB’s research has found that 6.7 per cent of first home buyers are now using the NAB Family Guarantee to get a foot in the property market – up from 4.8 per cent in 2010. Customers in the Northern Territory and Tasmania accessed the NAB Family Guarantee the most, with 14.3 per cent and 12.1 per cent respectively of first home buyers taking up...
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A Super Simple method to your Budget under Control and get back in the black

This is so simple it's just wonderful, no laptops, no spreadsheets, no headaches, just a simple no fuss way to get control over your finances. Watch and see how simple this is: https://www.youtube.com/watch?v=FsxPcgj5MDA For many people the simple way is the best way to start, if you don't know where your money is going every month, that's a big problem. It can be a real headache to sit down at a computer after a long days work and type in amounts from dockets, or worse, from memory, espe...
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Australian Online Lender launches 3 year deal at 4.48%PA

Online lender loans.com.au has turned its sights on fixed rate home loans and launched a three-year deal at 4.48 percent p.a in a move that has observers predicting it could be time to fix your mortgage interest rate. With a comparison rate of just 4.53 percent p.a, it undercuts the big four, who each offer three-year fixed rates of 4.94 percent with annual fees from $340. Mr Kim Cannon, Managing Director of Firstmac, the financial powerhouse behind loans.com.au Pty Ltd, said increasingly ...
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This Week in Mortgage News

Centrelink reverse mortgage scheme is just for the wealthy A little-known government reverse mortgage scheme trumps those offered by the private sector in many respects, but curiously, the government scheme is only available to better-off retirees. Read more: http://www.theage.com.au/money/super-and-funds/centrelink-reverse-mortgage-scheme-is-just--for-the-wealthy-20141002-10p4tt.html Home loan interest rates continue to fall on fixed and variable mortgages, but be ready for a rise Savvy h...
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Making News this Week

Some of the headlines in the mortgage world this week: Don't mess with cheap loan scheme: REIWA read more Struggling first home buyers and high-risk borrowers could be pushed out of the market if the West Australian government privatises its cheap loan scheme, an industry group says. Consider opt out costs when getting a loan read more When getting a home loan, particularly with the current tempting low fixed term interest rates on offer, the Consumer Action Law Centre has advised borrow...
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Making News this week

Financial institutions offering older Australians home loans that will leave them in debt until they’re 105 About 90 per cent of all loans have no age restriction and the 10 per cent that do are restricted to people aged from 65 to 75, new data by comparison website RateCity found. http://www.heraldsun.com.au Banks more cautious on high-risk home loans Banks have been winding back the number of mortgages with deposits of less than 5 per cent, adding to signs lenders might have become more w...
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Whats Making News this Week

Heres a roundup of whats making headlines this week: Mortgage brokerage on top Broker News Australia Aussie Home Loans took out the Mortgage Broker of the Year award for the seventh year running at the 2014 Asia-Pacific Banking & Finance Magazine Awards. Pending Home Sales Miss Expectation Business Insider Australia Pending home sales climbed 0.4% month-over-month in April. This missed expectations for a 1% rise. On the year, pending home sales were down 9.4% worse than expectation...
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Whats making news this week

Analysis: Is it worth fixing your home loan? Property Observer For mortgage holders, low interest rates are providing opportunities to save considerable sums on their home loans. How to save on your home loan NEWS.com.au “These lenders are trying to bring in big fish,” said mortgage broker Hank Hong of Home Loan Experts, who two weeks ago struck a $1.3 million loan ... Risky loans 'could leave people homeless' Sydney Morning Herald That includes 40-year mortgages, family guarante...
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In the News This Week

Links to some of the stories making headlines this week: Coles faces long road to home loan success Supermarket giant Coles is possibly seeking a banking licence ... Read more at: www.smh.com.au/... Frequent flyer points the new property trend The Macquarie Bank Flyer Home Loan offers the mortgage holder 10,000 Qantas Points on their loan at the time of settlement and more ... Read more at: www.propertyobserver.com.au/... Westpac offers $1500 to new customers Westpac is now offering cashba...
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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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First Home Owner Grants not the answer

First Home Owner Grants are inadequate to address the barriers to home ownership, Adelaide Bank’s Damian Percy has stated. Loan Market COO Dean Rushton this week called for the $7,000 First Home Owner Grant to be increased, However, Percy, Adelaide's general manager of third party lending, has told Australian BrokerNews increasing the FHOG will do little to ease affordability concerns for first home buyers. "I’ve always considered it a mistake to attempt to address issues facing FHBs by pr...
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