What is a drawdown loan?
Ever wondered a drawdown means? In simple terms a loan drawdown is the release of funds under an agreement with a lender.
Macquarie Bank cuts fixed rates on home loans and boosts savings in shock post-RBA move
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.
Why have CommBank, Suncorp, and Macquarie slashed their fixed interest rate home loans?
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%.
Mortgage stress hits home: will the RBA hike the cash rate in August 2022?
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.
August home loan snapshot: As interest rates climb the pressure mounts on home owners
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.
Stranger Things: Take the Hawkins property affordability test
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.
Westpac joins digital home loan revolution with new option for refinancers
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.
UP Bank now offers variable and fixed home loans
Neobank UP has joined the mortgage market and now offers variable and fixed home loans for refinancers.
Ubank takes the reins of neobank 86 400, reveals new look and products
Ubank, an Australian direct bank owned by National Australia Bank (NAB), today unveiled a new look following their absorption of neobank 86 400.
Post rate hike property search: What can $1 million get you in a capital city?
Wherever you look you’ll find that the median house price in most Australian capital cities has moved closer to one million dollars.