
CommBank slashes fixed home loan rates by up to 0.90%!
CommBank pulled out the big guns today by cutting most fixed rates across its home loan options.
CommBank pulled out the big guns today by cutting most fixed rates across its home loan options.
Even though the RBA made no change to the cash rate earlier this month, Aussie home loan lenders haven’t stopped slashing fixed rates.
If you’re looking to purchase property or refinance your home loan, you may have to start worrying a lot more about missing the occasional repayment on your credit card.
If you’re planning to take out a mortgage with a big bank for the sake of their $2,000 cashback, it might be time to rethink your options. New research from Mozo has found Aussie home loan borrowers hopping onto the cashback bandwagon could be ripped off $37,294 over the life of their loan by not shopping around for a more competitive deal.*
Australia's home loan market is heating up for the Spring property season as lenders fight it out to win over new borrowers with a bumper crop of sharply priced home loan specials, from discounted rates to cashback deals and fee waivers.
HSBC has today slashed the rate on its Home Value Loan by 10 basis points, bringing its new variable rate to a low 3.17% (3.19% comparison rate*) for borrowers who plan to make principal and interest repayments and are looking to borrow up to 90% of the property’s value.
Westpac recently cut as much as 130 basis points off several of its fixed and variable home loan interest rates from its Premier Advantage package loans and Flexi loans. We’ve crunched the numbers to see how it’s new rates stack up against other home loan options around.
Aussies are continuing to jump out of bed with the big four and are instead getting cosy with customer owned institutions for their banking products.
According to recent figures released by the Australian Prudential Regulation Authority (APRA), there was a 12.6% decline in the number of new home loans approved in the 12 months ending 30 June, 2019.
How long would you expect your mortgage to last? 25 years? Maybe 30? Well word on the street is that big bank, Westpac, is planning to start offering a 35-year home loan to borrowers under 35 years old.