Categories
Lending
RBA Leave Cash Rate On Hold
The RBA Board has left the official cash rate on hold for the 26th consecutive month at 1.50 per cent.
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CBA To Scrap Supergear Product
CBA will SCRAP their Supergear product, effective 12th October 2018. A decision to refine their product offering to become a “simpler, better bank” is their reasoning to exit the LRBA market.
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NAB Bucks The Trend
National Bank announced today that it will not change its Standard Variable home loan rate from 5.24% p.a.
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Big Four To Implement Out-Of-Cycle Rate Hike
Westpac Bank will increase variable interest rates for both residential owner occupied and investment loans, despite the RBA keeping the cash rate on hold for the past two years at 1.5%.
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Separating With A Mortgage
When a couple breaks up, there are a lot of things to deliberate. Where are you going to burn the romantic photos? Who gets to keep the slow cooker? How quickly can I get that ring up on Gumtree? Most importantly, what happens to the house…?
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How your bank calculates a business risk
Just like you, banks are in business – and they don’t succeed by making bad deals. When they consider your loan application, they’re calculating the financial risk of entering into an arrangement with you. Let’s break it down...
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How redraw works and why it’s a handy feature loan feature
It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why:
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ANZ Lending Update
Effective 16 June, ANZ Bank will increase their Variable Interest Only home loan rates for both investors and owner occupiers by 30 basis points. ANZ's Standard Variable Rate for investment lending with Interest Only repayments is now 6.26% p.a..
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