Category: Uncategorised

The Reserve Bank has left interest rates on hold at 3.25% following a robust inflation reading in September 2012 making yesterday the first Melbourne Cup Day in 6 years that rates have remained unchanged. Whilst there was no further cut in rates, they are still quite low and according to QBE LMI “the affordability of…

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 now 6.6%) Homeside/NAB -0.20% (SVR now 6.58%) ING Direct Bank -0.25% (SVR now 5.97%)…

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 on a $300,000, 25 year loan by about $48. BUT … the RBA cash rate…

As THLC expected, today the RBA Board decided to lower the cash rate by 25 basis points to 3.25%. Some key points made by the RBA in their decision today: • Inflation has been low, with underlying measures near 2% over the year to June 2012, and headline CPI inflation lower than that • The…

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 of $5,000 to all non-first homebuyers of new properties up to $650,000;  First Home…

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 rates can be around 50 basis points less than the standard variable rate offered by…

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 the end of 2012. ANZ bank’s economists Ivan Colhoun and Justin Fabo are expecting the…

The RBA kept the cash rate at 3.5% in September. The rate has been the same since June 2011 and the last time they were below this was in 2009. Reading the minutes from the 18 September 2012 RBA meeting, conditions are ripe for an interest rate cut as early as next month. The forecast…

How Much is That Property Really Worth? Find out before you buy. Lenders need to know that the home you’re buying is worth what you’re paying. They may not lend you the money you need if it’s not and your deposit could be lost! The Home Loan Company can make sure you know by giving…

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 circumstances. Most variable rate loans will allow you to make extra repayments with no extra…