Variable loan
Tuesday, May 4th, 2010
The rising rate environment is leaving some heavily mortgaged borrowers – particularly those with more than an average $300,000 loan – scrambling to find ways to fund the significant increases in monthly repayments that have occurred since October last year.
With the announcement of a sixth rate rise by the Reserve Bank, these borrowers will be forced to look outside the square for ways to fund the increase in their mortgage repayments and will have to assess all aspects of their lifestyle and spending habits. (more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Refinancing | May 4th, 2010 4 Comments » Tags: affordability, Comparison rate, Equity, First Home Buyers, Home Loan, Home Loans, rate rise, Refinance, Variable loan, variable rate
Friday, April 23rd, 2010
It is safe to say that the global financial crisis is behind us and with investor confidence on the rise; there is no doubt that the property market is becoming very buoyant. Both houses and apartments are being snapped up at a speedy rate so it’s important that when you find ‘the one’, you are financially prepared to be able to make an offer with the confidence that your borrowing power can support your bid. (more…)
Posted in Buying to Invest, First Time Buyers | April 23rd, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, Home Loan, Home Loans, Invest, Lender, Variable loan, variable rate
Wednesday, April 7th, 2010
Borrowers looking for a low interest rate need to pay just as much attention to the comparison rate on the loan to determine if the loan is as good as it seems.
As rates continue to move and competition hots up in the mortgage market, borrowers hunting around for the best standard variable rate need to also check the comparison rate because it will give them a better indication of the loan’s true cost. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Interest Rates, Refinancing | April 7th, 2010 No Comments » Tags: Comparison rate, Fixed Rate, Home Loan, Home Loans, Interest Rates, Lender, rate rise, Variable loan, variable rate
Monday, March 29th, 2010
As competition between lenders heats up again, borrowers need to recognise the tell-tale signs that it could be time to refinance and see if they can get a better deal.
Whilst it’s common for many borrowers to occasionally feel frustrated by their mortgage, it is another thing altogether to determine whether it’s financially worth acting and the time is right to move to greener pastures. (more…)
Posted in Interest Rates, Refinancing | March 29th, 2010 1 Comment » Tags: Budget, Fixed Rate, Home Loan, Home Loans, Interest Rates, Lender, non-bank lenders, rate rise, Refinance, Variable loan, variable rate
Friday, March 26th, 2010
First home owners tipped to embark on their home ownership journey this year need to be reminded not to fall into the trap of dropping the financial ball after the initial thrill of the purchase.
There is a common tendency for many first home owners to want many of the things that go with a home, without having the patience to wait until they can comfortably afford to buy them. (more…)
Posted in First Time Buyers, Home Loan Tips, Interest Rates | March 26th, 2010 1 Comment » Tags: affordability, Budget, Credit Cards, First Home Buyers, Home Loan, Home Loans, Interest Rates, Move House, Property, rate rise, Variable loan, variable rate
Tuesday, March 23rd, 2010
2010 has turned into the year where non-bank lenders have escaped the shadow of the big banks! And with interest rates on the rise, competition is getting stronger which means consumers can gain greater value out of their loans if they do their research. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Interest Rates, Refinancing | March 23rd, 2010 No Comments » Tags: affordability, Budget, Credit Cards, Debt Consolidation, Equity, First Home Buyers, Fixed Rate, Home Loan, Home Loans, Interest Rates, Invest, Lender, non-bank lenders, rate rise, Refinance, Variable loan, variable rate
Monday, February 15th, 2010
Resi Home Loans is proud to announce that they are the Your Mortgage overall non-bank winner for Best Value Introductory Loan for Switch & Save.
Their award winning product, Switch & Save tops competition within the non-bank category not only because of its current low variable introductory rate of 5.70%* but also thanks to its competitive revert rate that kicks in after 24 months and no start-up or ongoing fees.
(more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Moving House, Refinancing | February 15th, 2010 No Comments » Tags: affordability, First Home Buyers, Home Loan, Home Loans, Interest Rates, Invest, Lender, Move House, Property, Refinance, Variable loan, variable rate
Wednesday, February 3rd, 2010
The rising rate environment is creating greater rate disparity among the big four banks on standard variable loans, leading many borrowers to wonder where the competitive benchmark rate really is in the market.
Comparing the standard variable rates of the big four banks to get an average ‘benchmark’ rate has been a commonly used way for borrowers to know if they were getting a good deal from their lender, but it is now becoming increasingly irrelevant.
(more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Refinancing | February 3rd, 2010 No Comments » Tags: Home Loan, Home Loans, Interest Rates, Invest, Refinance, Variable loan, variable rate
