Have you ever wondered what the big banks aren’t telling you? When it comes to your home loan, the big banks don’t want you to look too hard or ask too many questions because you might find out something that will cost them and save you thousands of dollars over your lifetime.
If you’ve been pulling the rein on spending or even dipping into your savings account to pay down your mortgage and electricity bills, you’re not alone.
In a world where it’s hard enough to remember your partner or best mate’s mobile number, should Australians be expected to know that their home loan interest rate is?
In a rates dream for Aussie borrowers, the home loan party is showing no signs of stopping as lenders launch new sizzling hot deals to take advantage of the rate cut momentum created by the Reserve Bank and tempt more borrowers to switch and save.
ME Bank has made a number of changes to its range of fixed rate home loans, most notably slashing 3-year fixed rates by a massive 0.40%.
With the dust well and truly settled in the wake of back-to-back RBA cuts, it’s now clear that Australians with owner-occupier home loans aren’t the only beneficiaries.
With the market ‘bottomed out’ and interest rates at a record-low, first home buyers have gotten the green light to take out a home loan and snatch up their dream property.
It’s true, the property market isn’t in the best shape. But expectations for house prices have shifted, so now may be the time for buyers to take out a home loan and lock down a property purchase.
Major bank Westpac has today slashed interest rates on one of its popular packaged home loan deals, applying a larger 1.29% discount across all new Premier Advantage Package home loans.
Record-high mortgage debts are stopping Aussies from spending their money, new research has revealed. A Reserve Bank analysis has found home loans are the biggest culprit behind why we’re pulling back on our expenditure, despite the government’s efforts this month to kickstart our slowing economy with a $158 billion tax cut package.