Interest Only

Interest only is where the interest component of a loan is repaid but none of the actual pricipal is repaid during the interest only term

Interest in Advance Investor Loan

Beat the 30 June tax deadline with a fixed interest in advance investment loan.

With changing tax and market conditions many investors may be considering a fixed interest in advance investment home loan.

One Ability Finance lender is offering a special low Fixed Interest Rate, Interest Only Mortgage Loan, 1 Year In Advance.

This special offer rate is current as at 16 May 2008 for applications received before 30 June 2008 and is subject to change. To secure the currently available interest rate customers may wish to consider Rate Lock.

Changes to No Deposit Quick Start Option - effective 7 April 2008

From 7 April 2008 St.George/BankSA is making changes to the No Deposit – Quick Start Option. This option is suitable for those customers who have minimal funds upfront to purchase a property. This includes customers who do not wish to pay the LMI or the LEF (Loan Extension fee). The changes are as follows:
  • The variable interest rate margin will increase from 0.32% to 0.50% above the Standard Variable Rate;
  • The fixed interest rate margin will increase from 1% to 1.15% above the Standard Fixed Rate; and

The next Reserve Bank of Australia media release following the RBA board meeting will be,
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