Lenders are constantly adding new products or features to their existing loan products to entice customers and build their market share in different niches. This article will run you through the different specials that are available on the market as at August 2018.
Lenders are currently trying to transition Borrowers towards Principle and Interest Loans. And with the property market cooling over the winter months, there are a number of new lending restrictions to boot.
There are number of offers aimed at different segments of the market from First Home Buyers to Investors with both variable and fixed rate options to choose from. For customers looking to refinance, please be aware of the newer, more onerous lending criteria being applied to new loans. Your lending capacity may have been greatly affected since the last time you sought finance.Read More
The 2018 Budget will bring many changes for property buyers and sellers. Some of the new changes tabled in the May Budget will likely have an indirect effect on both the residential and commercial property sectors.
The Budget will more than likely mean that interest rates will not be an issue, as the President of the Real Estate Institute of Australia Malcolm Gunning says: “This expected interest rate stability comes at a time when housing prices in some of our major cities are showing signs of easing, leading to improved affordability for first homebuyers.”Read More
Refinancing is the process of replacing an existing home loan with a new one. It means your existing home loan is paid out and replaced with a new home loan. This is different from a second mortgage, where you draw on the equity you have built up in your home. Refinancing is all about giving you greater flexibility and saving you money in the long term.
Refinancing your home loan could save thousands of dollars over the life of your loan. There are a number ways to reduce the interest you pay on your mortgage. It is well worth shopping around for a lower rate and more product features.Read More