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Insider Tips

Did your bank pass on the full 0.50% RBA rate cuts in June & July ???

July 5, 2019 in Insider Tips, Latest News, Rate Cuts

 

Many banks were quick to advertise & announce how good they were to pass on the full 0.25% p.a. RBA rate cut in June 2019.

Not surprisingly many of these same banks were making far less noise when they held back from passing on the full 0.25% p.a. rate cut announced by the RBA in July 2019. (i.e. total 0.50% rate cut over 2 months).

Below is a list of the  Banks & their combined interest rate reductions for the months of June and July 2019.

 

Bank:

 

Rate Reduction June:

 

Rate Reduction July:

 

Total:

Macquarie 0.25% p.a. 0.20% p.a. 0.45% p.a.
ING 0.25% p.a. 0.20% p.a. 0.45% p.a.
Auswide Bank 0.25% p.a. 0.25% p.a. 0.50%p.a.
ME Bank 0.25% p.a. 0.15% p.a. 0.40% p.a.
AMP Bank 0.25% p.a. TBA  
CBA 0.25% p.a. 0.19% p.a. 0.44% p.a.
BankWest 0.25% p.a. 0.19% p.a. 0.44% p.a.
NAB 0.25% p.a. 0.19% p.a. 0.44% p.a.
Bank Australia 0.25% p.a. 0.16% p.a. 0.41% p.a.
Bank of Qld 0.25% p.a. 0.15% p.a. 0.40% p.a.
AFG 0.25% p.a. Pending  
Citibank 0.25% p.a. Pending  
IMB Bank 0.25% p.a. Pending  
RACQ 0.25% p.a. 0.25% p.a. 0.50% p.a.
Pepper 0.25% p.a. Pending  
Westpac 0.20% p.a. 0.20% p.a. 0.40% p.a.
St George 0.20% p.a. 0.20% p.a. 0.40% p.a.
RAMS 0.20% p.a. 0.20% p.a. 0.40% p.a.
Bendigo Bank 0.20% p.a. Pending  
Suncorp 0.20% p.a. 0.19% p.a. 0.39% p.a.
Heritage 0.20% p.a. TBA  
ANZ 0.18% p.a. 0.25% p.a. 0.43% p.a.
CUA 0.15% p.a. 0.17% p.a. 0.22% p.a.

Down they go yet again !!!

July 2, 2019 in Insider Tips, Latest News, Rate Cuts

 

The predictions of many of Australia’s Senior Economists were confirmed this afternoon as the Reserve Bank voted to reduce the Official Cash Rate yet again to an amazingly low 1.00%.

The Federal Treasurer (Josh Frydenberg) has already commenced his efforts to encourage the banks to pass on this additional 0.25% p.a. rate cut in full.

Is your bank charging you more than they need to ???

 

 

Home Loan 2.99% p.a. – Fixed for 3 Years

June 27, 2019 in Insider Tips, Latest News, Rate Cuts

 

Banks are in a frenzy to compete for new Home Loans with banks offering Home Loan Interest Rates as low as 2.99% Fixed for 3 Years.

“CONTACT US” is you would like to take advantage of this record low interest rate.

 

(CR 4.19%)

Special Low Rates for First Home Buyers . . .

June 12, 2019 in Insider Tips, Latest News, Rate Cuts

 

A Special 5 Year Fixed Rate of only 3.49% p.a. is currently available for First Home Buyers … WOW !!!

This will provide FHB’s with the confidence of knowing they have secured an incredibly low rate which cannot increase for the first 5 years of their Home Loan.

Not only this, but FHB’s can make additional repayments of up to $30,000.00 to reduce their loan balance & can also redraw these additional repayments if they need to have access to these funds in the future.

Click on “CONTACT US” or call 07 5527 4744 to talk with our Mortgage Specialists

We absolutely love saving you $$$

 

(CR 4.63%)

Did Your Bank Pass on the Full 0.25% RBA Rate Cut ???

June 11, 2019 in Insider Tips, Latest News, Rate Cuts

 

Listed below are the Interest Rate reductions announced by banks following the recent 0.25% RBA rate cut

 

Bank:

 

Rate Reduction:

 

Date to be applied:

Macquarie 0.25% p.a. 21st June 2019
ING 0.25% p.a. 25th June 2019
Auswide Bank 0.25% p.a. 2nd July 2019
ME Bank 0.25% p.a. 27th June 2019
AMP Bank 0.25% p.a. 24th June 2019
CBA 0.25% p.a. 25th June 2019
BankWest 0.25% p.a. 25th June 2019
NAB 0.25% p.a. 14th June 2019
Bank Australia 0.25% p.a. 24th June 2019
Bank of Qld 0.25% p.a. 25th June 2019
AFG 0.25% p.a. 14th June 2019
Citibank 0.25% p.a. 25th June 2019
IMB Bank 0.25% p.a. 21st June 2019
RACQ 0.25% p.a.  
Pepper 0.25% p.a. 24th June 2019
Westpac 0.20% p.a. 18th June 2019
Westpac

(Interest Only Invest Loans)

0.35% p.a. 18th June 2019
St George 0.20% p.a. 18th June 2019
RAMS 0.20% p.a. 18th June 2019
Bendigo Bank 0.20% p.a. 28th June 2019
Suncorp 0.20% p.a. 21st June 2019
Heritage 0.20% p.a. 21st June 2019
ANZ 0.18% p.a. 14th June 2019
CUA 010% p.a. – 0.15% p.a. 18th June 2019

 

Senior Economists Predict More Rate Cuts . . .

June 6, 2019 in Insider Tips, Latest News, Rate Cuts

Many senior economists are predicting the Reserve Bank will announce a further rate reduction in the next month or 2 with a potential 3rd rate cut prior to Christmas.

 Q: Why ???

 A: They believe one rate cut will simply not be sufficient to stimulate the Australian economy to the level the RBA are seeking.

 Many banks appear to agree & are already factoring in further rate cuts by reducing their 2, 3 & 5 Year Fixed Interest Rates to new record low rates.

CONTACT US if you are considering locking part or all of your Home Loan / Investment Property Loan on a Fixed Interest Rate.

 

Reserve Bank Announce New Record Low Rate

June 4, 2019 in Insider Tips, Latest News, Rate Cuts

Borrowers & Home Buyers will be rejoicing the decision of the Reserve Bank Board to reduce the Official Cash Rate to a NEW RECORD LOW 1.25%.

Banks are already under pressure to pass on this rate cut in full to their customers with the Federal Treasurer Josh Frydenberg having already holding meetings with the Big 4 Banks to remind them to remain “Customer Focussed” which was a key recommendation of the recent Royal Commission.

The new government is keen to ensure this happens & senior economists agree the banks can’t afford to be stingy or else they will face a wave of borrowers seeking better offers from other banks.

 Keep an eye out for the upcoming announcements by your bank and if you are not happy … CONTACT US and we will be more than happy to negotiate with the bank on your behalf.

 

Broker negotiates lower interest rates for existing clients

April 2, 2019 in Insider Tips, Latest News, Rate Cuts

Massive Savings & Interest Rate Reductions for DPF Clients . . .

 

Yet another amazing result this month with DPF helping 5 more clients to reduce the interest charges on their existing Home Loans by a whopping $20,510.00 per year.

And to add to this awesome total of savings we also assisted two very happy clients to receive a refund of $4,003.00 from their bank. 

 

Q: How many of these clients needed to refinance their Home Loans to achieve lower interest rates ?

A: Nil … DPF negotiated with their existing banks on our clients behalf to reduce the interest rates on their existing Home Loans. 

 

Q: How much did these clients pay DPF Mortgage Specialists to receive this extra service  ? 

A: $Nil … This is all part of the ongoing service & assistance DPF Mortgage Specialists provides for our clients.

 

Q: How will I know if the interest rate my bank is charging me is higher than it should be ? 

A: Check your Home Loan interest rate + current loan balance via your internet banking and simply “CONTACT US”

 

Please check your interest rates . . .

March 14, 2019 in Insider Tips, Latest News, Rate Rises

Banks Hit Existing Customers with Higher Interest Rates

It appears many of the banks (big & small) are targeting their loyal customers by quietly increasing the interest rates on their existing Home Loans & Investment Property Loans.

This is occurring at the same time as these same Banks are offering significantly lower interest rates to entice new customers.

If your bank is charging you higher interest rates on your Home Loan please contact DPF Mortgage Specialists ASAP !!!.

 

Q: Why should you bother  ???

A: Over the last 3 weeks alone DPF have assisted 6 separate clients to achieved lower interest rates with their banks which saved these clients a total of $19,000.00 per year (average of $3,167.00 per client).

 

Q: How can the banks get away with this ???

A: The banks believe that the majority of their customers are too busy to notice or simply won’t act even if they become aware.

 

Q: What can I do if my bank has targeted my Home Loan / Investment Property Loan ???

A: Contact DPF Mortgage Specialists, as after all … WE WORK FOR YOU … NOT THE BANKS

 

Prime Minister Supports Mortgage Brokers

February 15, 2019 in Insider Tips, Latest News

Prime Minister Scott Morrison has confirmed his support for Mortgage Brokers in an address to the National Press Club, & warns Borrowers will suffer if the Parliament votes to hand power back to the banks.

Prime Minister supports Mortgage Brokers & warns Borrowers will suffer if Parliment votes to hand power back to the banks …(Please view)

Posted by DPF Mortgage Specialists on Thursday, 14 February 2019

 

Q: What can you do to protect yourself & your family ???

A: Talk directly to your local MP and the other candidates running in the upcoming Federal election.

Make them earn your vote by ensuring they will be looking after your best interest rather than the banks !!!