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At its meeting today, the Board decided to reduce the cash rate by 25 basis points to 3.0%, effective 5 December 2012. If the full cut is passed on, it would save someone with a $300,000 variable rate mortgage around…
So which lenders passed on some of that 0.25% rate cut on 2/10? Here’s a summary for you so far! But don’t worry THLC can do better for you Bank of Queensland -0.20% (SVR now 6.71%) Commonwealth Bank -0.20% (SVR…
Why do we focus so much on interest rates? Apart from the fact that if the full 25 basis point cut in the cash rate to 3.25%is passed on in full by lenders, it would reduce the average monthly repayment…
Existing FHOG of $7,000 will be abolished for existing properties. New FHOG will however more than double to $15,000 from 1 October 2012 ($10,000 from 1 January 2014) for new properties up to $650,000; A New Home Grant…
Have you been thinking about switching your home loan to a fixed rate? While variables are an attractive offer with low rates, there is no guarantee they will remain so. Locking in your loan to a fixed rate when those…
The consensus among many bank economists is that interest rates will continue to fall up until the end of this year. Westpac Chief Economist Bill Evans said he expects the RBA will lower rates by 50 points to 3% by…
So many choices, which way to Go! Make sure you get the right loan the first time – it’s a huge consideration when it comes to saving money. You need to make sure your loan is best suited to your…
Apply all bonuses, salary increases, gift money towards the PRINCIPAL of your mortgage and you’ll save loads of interest. If you are looking for a Sydney Mortgage Broker, The Home Loan Company can help you.
Divide your monthly mortgage repayments into two fortnightly payments. You’ll end up making the equivalent of one extra monthly repayment each year across 26 fortnights. A move that will save you thousands. Even if your lender won’t accept fortnightly payments…
Another tax change that may affect you and your family. From 1 July 2012, the concessional contributions limit for all individuals, regardless of age or superannuation balance, will be $25,000 per annum. If you have a self managed super fund…
