Home Loan Fixed Interest Rates Reduce

Thu, 2008-12-11 14:55 — administrator
Commonwealth Reduces Home Loan Fixed interest rates
Fixed Rates Home/Investment Home Loans
1 Year Guaranteed Rate -0.20 percent
1 Year Fixed Rate - 0.20 percent
2 Year Fixed Rate - 0.75 percent
3 Year Fixed Rate - 0.55 percent
4 Year Fixed Rate - 0.30 percent
5 Year Fixed Rate - 0.35 percent
7 Year Fixed Rate - 0.65 percent
10 Year Fixed Rate - 0.65 percent
15 Year Fixed Rate - 0.65 percent
Mortgage Advantage - Fixed Rates Home/Investment Home Loans

2 Year Fixed Interest Rate Special

Thu, 2008-12-11 14:50 — administrator
2 Year Fixed Interest Rate Special
Low Rate
Owner Occupier: Maximum 95% Loan to Value Ratio (LVR) with Lenders Mortgage Insurance (LMI) Capitalised
Investment: Maximum 95% Loan to Value Ratio (LVR) with Lenders Mortgage Insurance (LMI) Capitalised
Optional 0.20% Fixed Rate Cap Fee Available
Rate Lock available on Pre-Approvals for 90 Days
Full Doc Only
Rate effective 12th December 2008

Citibank Reduces Variable Interest Rates

Thu, 2008-12-11 14:41 — administrator
Citibank is decreasing variable interest rates as follows effective 15th December 2008 .
Consumer Basic Home Loan 0.96 Percent
Consumer Standard Home Loan 0.90 Percent
Consumer Offset Home Loan 0.90 Percent
Consumer Line of Credit 0.80 Percent
Consumer Self Certified Home Loan 0.50 Percent
Commercial Variable (all products - existing only ) 0.80 Percent

Commonwealth Reduce Interest Rates 1.00%

Tue, 2008-12-02 14:12
Commonwealth have moved quickly again to announce the full 1.00 percent cut to variable interest rates today following the Reserve Bank of Australia announcement a short while ago.
The Commonwealth Bank announced that it would be reducing its standard variable rate home loans, as from Friday 12 December 2008, passing on the full interest rate cut of 100 basis points made by the Reserve Bank of Australia (RBA) earlier today.
Interest rates for the following lending products (new and existing borrowings) will change from Friday 12 December 2008:

RBA Cash Rate History to January 2009

Tue, 2008-12-02 13:58 — administrator
RBA Cash Rate History to January 2009 -
The Reserve Bank of Australia, RBA, moved to lower the cash rate again following the board meeting today.
The attached graph illustrates the cash rate movement since January 1990 down to today's announced 4.25 percent.
The last time the cash rate was this low was between December 2001 and May 2002 when the rate increased 0.25 to 4.50 percent.

Citibank Home Loan policy changes

Wed, 2008-11-26 21:48 — Guest
Important changes to Citibank home loan products.
Due to the changing economic and market conditions, Genworth, Citibank LMI provider, has implemented changes relating to products and risk policy.
As a result, the following changes will be made to Citibank’s products to align with Genworth’s policy updates. Citibank’s product changes are effective 1 December 2008:
Citibank will no longer offer Self Certified 70

Unique Home Loan Options

With most lenders and mortgage insurers changing their policies frequently of late it is important to be aware there are still lenders offering unique home loan options.
There are lenders still offering full, lo and no doc lends in metro locations and regional centers up to 75% LVR.
Additionally, we have lenders offering RECOVERY for borrowers with unlimited arrears and impairment. Provided we can identify how the arrears and or defaults occurred, and evidence how they are now in an improved position to service, then they can look to assist.

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