Finance Broker Australia

St George Bank have just announced that due to continued higher costs of wholesale funding St George/BankSA will increase the interest rates on its Variable Rate Home Loans (excluding Low Doc loans) by 0.20%pa. This new rate will be effective for both new and existing borrowers from Tuesday 8 July 2008.

St George Variable interest rate Home Loan products which are increasing are;

• Standard Variable
• Portfolio Variable Loan
• Discount Variable
• Seniors Access Home Loan
• St.George No Deposit Home Loan – Quick Start Option

IMB Building Society variable interest rate home loans increased by 0.10 percent effective 19th May 2008.

Variable interest rate home loans affected are as follows;

• Budget Blue Home Loan
• Budget Home Loan
• Discount Split Choice Home Loan
• Equity Line Advantage
• Lo Doc Home Loan
• Standard Variable Interest Rate Home Loan

Contact Ability Finance brokers on 02 80024035 for further information.

25 year commercial property loan.

• Competitive Variable and Fixed Rates
• Low application fees
• Redraw available
• Competitive commercial lending package with variable, fixed and a line of credit and a true set and forget facility
• No ongoing or monthly fees on P&I or Interest only loans
• Dedicated commercial BDM who will assist in putting the deal together
• Simple application process and a committed underwriting team to help you get the loan set

BASIC JUST GOT BIGGER - $1 Million

Good news! The maximum loan size for Flexible Options Basic home loan has been increased to $1 million.

• Competetive low interest rate. email your name and phone number now for more information.
• Low start-up cost – just $250 settlement fee includes first valuation and base legals.
• Unlimited free redraw (min. of $500)
• No monthly, annual or application fee

1 May 2008

INCREASES TO VARIABLE INTEREST RATE HOME LOANS

ING DIRECT continues to experience higher funding costs as a result of changing credit market conditions and have reviewed their variable interest home loan rates to reflect this.

Effective from Friday 2nd May 2008, ING Direct variable interest rate mortgage rates will increase by 0.10 percent p.a.

All fixed rates remain unchanged.

Contact your finance broker on 02 8002 4035 for further information or email using this finance broker contact form.

Suncorp variable interest rate home loans have increased by 0.10 percent for the following products;

• Back to Basics Lo Doc
• Back to Basics
• Bridging Loan
• Standard Variable
• Standard Variable Lo Doc

For more information contact your finance broker on 02 8002 4035.

29 April 2008

Important changes from FirstMac

Interest rate increases

Due to continued deterioration in global credit markets and pressure on the cost of funds, FirstMac has had to adjust its interest rates. While FirstMac has passed on rate increases over recent months to help recover higher wholesale funding costs, FirstMac are continuing to monitor the situation to ensure the longer term viability of their busines.

1. Existing borrower rates

National Australia Bank changes lending rates

National Australia Bank announced today an increase of 0.10 percent to its standard variable home loan interest rate. The new rate takes effect from Monday, 28 April 2008.

Accoring to the announcement the change to the standard variable rate reflects the sustained increases to long term wholesale funding costs.

Variable Rate Changes

ANZ today announced an increase to Variable interest rates of 0.10 percent pa as a result of sustained increases in funding costs associated with the turmoil in global markets, effective Monday, 28th April 2008 (the interest rate applies at settlement not approval):

Variable interest rate home loans that are increasing are the ANZ Standard Variable Rate Home Loan, ANZ Money Saver Home Loan and the ANZ Equity Manager.

Please contact your finance broker on o2 8002 4035 for further information.

PAYG LoDoc home loan.

There is a fully featured variable home loan on offer for borrowers to purchase or construct their new home or investment property.

It’s also suitable for borrowers wishing to refinance an existing property or who are looking to negatively gear and capitalise on taxation benefits.

Plus it even caters for borrowers wishing to purchase a luxury home!

With flexible lending guidelines this home loan products flexible lending guidelines include a serviceability calculator that takes interest deductibility (negative gearing) into account.