Finance Broker Australia Home Loan Broker

Effective the 16th April 2008 IMB Building Society will implement the following home loan changes.

IMB has made some changes in response to sustained increases in the cost of funds, which is impacting all Australian financial institutions. Unlike a number of IMB Building Society competitors, and as a member focused organisation, IMB Building Society have chosen not to pass on the changes to IMB Building Society existing borrowers.

Summary of the changes are:

Fixed rates - $6 per month ongoing fee introduced

Budget Home loan - 0.15 percent increase

Budget Blue - 0.14 percent increase

Professional Mortgage $200K - $299K - 0.05 percent increase

Professional Mortgage $300K plus - 0.10 percent increase

Discount Split - 0.08 percent increase and $6 per month ongoing fee during the fixed term only

Discount Variable - no rate change but $10 per month on going fee during the 12 month intro period.

For more information about the IMB Building Society range of home loans contact Ability Finance brokers on telephone number 02 8002 4035 or contact a finance broker for more information about IMB Building Society home loans with this email form.