GE Money borrowers will be able to exit their loans without being charged an early exit fee if their loan is less than 5 years has elapsed after the loan was settled. This is also know as the Deferred Administration Fee (DAF) . News came out today that GE Money will not be passing on the recent 1% Read More
As we know that the Reserve Bank of Australia cut interest rates by 1%. Analysts are predicting further rate cuts in March and after Easter. How much the RBA will reduce rates will depend largely on global and local economic factors. Most lenders this time round passed on the full rate cut. Whether they Read More
Many borrowers may find that it very difficult to get away from their fixed rate loans as the costs may be too expensive. As we are seeing significant decreases in mortgage rates over the last 6 months many mortgagors with fixed rate loans are contemplating switching to a variable rate mortgage. So what are the Read More