Commonwealth Bank Reduce Fixed Rates
Commonwealth Bank has reduced its fixed rates by 0.60%. 1, 2 and 3 year fixed rates will be at 6.74% and 6.59% with a package 4 and 5 year rates will be at 7.14% or 6.99% with a package To find out if these fixed rates are suitable for your lending needs please send anRead More
Home loans being discounted more than normal by the banks.
Looks like competition is hotting up in the Australian mortgage market. Variable home loan rates have traditionally been discounted by 0.70% when borrowing more than $250,000, and now we are seeing discounts over 1%. Discounts depend on the lender but there is a common theme amongst the banks. They are looking for low risk borrowers that borrow less thanRead More
Mortgage Calculator – Offset and Extra Repayments
August 8, 2011
Home Loans, Interest Rates, Investment Loans, Mortgage Calculator, Mortgage Calculators
by Administrator
Have you tried our mortgage offset calculator. This is a powerful tool that shows how extra repayments and money held in an offset account helps pay your mortgage quicker. Here are a few examples; 1. Jim and Mary have a $300,000 loan over 30 years at an interest rate at 7% per annum. They place $10,000 in their offset account overRead More
Interest Rates On Hold – Lenders Reducing Rates
August brought about another interest rate hold bringing relief to many mortgage holders. Mixed messages from economists is making it difficult to get an indication on where the interest rate market is heading. The Reserve Bank of Australia considered raising rates but left them on hold and are adopting a wait and see approach forRead More