Finance Broker Australia Home Loan Broker

Citibank is decreasing all current variable interest rates by 0.65 percent effective Monday 17th November.

Updated interest rate sheet will be issued on Monday 17th November .

Also please stay tuned for the Citibank hot new to bank basic rate home loan effective Monday 17th November.

RAMS Basic Home Loan rate reduced to Call% p.a.

To ensure it continues to offer a cheaper alternative to the major banks, RAMS is today reducing its standard variable rate to just Call%.

Heritage Building Society have very attractive fixed interest home loan options at present.

1 & 2 Year fixed currently Call%
3 & 5 Year fixed currently Call%

Unlimited lump sum payments (break cost applicable only if paid out in full)

Redraw available

Application fee $600, no additional cost to split loan facilities (legal and settlement fees will apply)

Effective 10th November 2008 Bankwest variable interest rate home loans will be changing.

• Bankwest Lite Home Loan
• Bankwest Lite Plus Home Loan
• Mortgage Shredder (excluding 12 Month Fixed Intro)
• Bankwest Easy Doc Home Loan
• Bankwest Seniors Equity Release
• Bankwest Equity Access
• Home Owners Loan

The variable rate on the above home loan products is reducing 0.60 percent.

Effective 27th October 2008 Suncorp will decrease variable interest rates on home loans by 0.21 percent.

Back to Basics – up to 100% LVR

Suncorp offer 0.10 percent discount off Back to Basics rate for all Full Doc loans of $250,000 or greater!!!

Features of the Back to Basics product

- No monthly account keeping fees

- No settlement fees

- Cashback (redraw) available

- Unlimited additional repayments

- Available for No Deposit, Family Equity, Construction & 100% Loans

- Application Fee $600 (includes 1 free valuation)

Changes to Variable and Fixed Home Loan / Investment Home Loan Rates

The Commonwealth Bank today announced that it will cut its variable interest rate and fixed rates for home loans and investment home loans, as from Thursday 30 October 2008.

Interest rates for the following lending products (new and existing borrowings) will change from Thursday 30 October 2008:
Standard Variable Rates

• Standard Variable Rate (including Low Doc) - 0.21 percent
• 12 Months Discounted Variable Rate - 0.21 percent

ING DIRECT will reduce all residential variable mortgage interest rates by 0.20 percent per annum effective from 31 October 2008.

Fixed rates for 3, 4 and 5 year terms will reduce effective from 24 October 2008.

Contact Ability Finance brokers using this email form or telephone 02 80024035 for information and assistance with choosing a suitable home loan.

Decrease to Standard Variable Rate

Effective Friday 31 October 2008

St.George Bank is reducing its Standard Variable Home Loan Rate by 0.21 percent. BankSA will be reducing its Standard Variable Home Loan Rate by 0.26 percent.

Both rate reductions are effective Friday 31 October 2008 for both new and existing borrowers.

These variable home loan interest rate reductions will come as a welcome relief to many Australian families.

Home Loans - Interest Rate Changes

Variable Rate Loans (excluding Low Doc) - changes effective last weekend.
Decreasing by 0.80 percent pa
Effective Saturday 18 October 2008 for new business, Effective Monday 20 October 2008 for existing business
Changes impact all full documentation variable rate loans and lines of credit

All Loans with >95% - changes effective as detailed below
The margin that is applied to rates for loans with an LVR >95% is increasing by 40 bps

Banks announce further home loan variable interest rate cut.

Most banks reduced their standard variable interest rates by 0.80 percent following the Reserve Bank of Australia lowering of the cash rate by 1 percent at the October 2008 meeting.

Certain banks have announced a further reduction to their standard variable home loan interest rates in the past few days of an additional 0.25 percent.

An important note to consider is that there are still differences between different banks and lenders standard variable home loan interest rate.