As the impact of climate change becomes more difficult to ignore, a number of Australian home loan providers have responded by introducing discounted home loans for borrowers with eco-friendly homes.
While customer loyalty is often rewarded, recent trends in home loan rates suggest existing mortgage holders are being passed the buck, while lenders entice new customers with lower rates.
Last Updated: 10:00am 9 August
Ever wondered a drawdown means? In simple terms a loan drawdown is the release of funds under an agreement with a lender.
Macquarie Bank broke headlines this week for becoming one of the first Australian banks to pounce on the 0.50% p.a. August RBA rate hike – beating out any of the Big Four.
Variable interest rates have surged thanks to months of aggressive decisions from the Reserve Bank of Australia (RBA). But in a surprising twist, CommBank, Suncorp, and Macquarie have all announced cuts to their fixed interest offers this week, some by up to 1.60%.
With inflation still rip-roaring through the economy, mortgage holders paying variable interest will be nervously watching the Reserve Bank of Australia (RBA) for future rate hikes.
The Reserve Bank of Australia (RBA) increased the official cash rate for the third time last month and economists predict there’ll be another 0.50% increase in August.
So you’re thinking of moving to Hawkins, Indiana. Welcome to Hell – er, we mean the most exciting town in all of Middle America! With local charm, a wide variety of nostalgic properties to choose from, and definitely no demogorgons, there’s something for everyone and every budget in this perfect midwestern slice.
Digital home loans are all the rage. After the success of CommBank’s new digital home loan, Unloan, another Big Four bank has waded into the space.