If you’re looking to take out a home loan with a big four bank, today could be your lucky day. The Commonwealth Bank has just slashed rates for its Fixed Home Loan by up to 30 basis points for owner-occupiers and up to 50 basis points for investors - and it’s a move that has allowed several of the big bank’s rates to beat the averages in Mozo’s database.^
On Tuesday, the Australian Bureau of Statistics (ABS) released data that revealed that the volume of first home loans has jumped to the highest point since late 2009.
Buying a first home has never been an easy job, but according to new research, the reasons for why that’s the case have changed over time.
When it comes to choosing a home loan, many Aussies take the ‘set it and forget it’ route, but according to recent data, that could be doing more harm than homeowners realise.
The RBA might have held off on lowering official interest rates at its February meeting, but that doesn’t mean you have to wait until they finally pull the trigger to snag a more competitive home loan interest rate.
Come Feb 14, getting a home loan, personal loan or even a business loan could become easier for thousands of Aussies, as amendments to credit reporting standards will see civil court filings no longer reflected in one’s credit scores.
Is it getting hot in here? Maybe it’s time to strip… down your home loan interest rate.
These days, a home loan needs to have more than just a hot rate to win the heart’s of customers, the lender also needs to deliver a positive experience.
The government’s First Home Loan Deposit Scheme is due to be rolled out February 1, and customer-owned banks are experiencing a surge in interest.
Heard of FOMO - the Fear Of Missing Out?