The Commonwealth Bank is penalising Investors by charging higher interest rates of up to 0.40% p.a. for Investment Property Loans.
These rate increases do not apply to Owner Occupied Home Loans and has sent a clear message by the CBA to investors to “Take Your Business Elsewhere” if you wish to achieve a competitive interest rate for your Investment Property Loan.
Fortunately for Investors there are many alternative Banks & Non-Bank Lenders with low interest rates who are more than keen to welcome investors as new clients.
If you have a Commonwealth Bank Investment Loan & would like to know more click on “CONTACT US” or talk to our Mortgage Specialists on ph: 0755274744
The competition between the Banks to entice new Home Loan customers is intensifying with offers of “$1,500.00 Cash Back” for borrowers seeking new Home Loans to purchase an Owner Occupied Home or Unit.
The “$1,500.00 Cash Back” is also being offered for borrowers wishing to refinance their existing Owner Occupied Home Loans to achieve a lower interest rate.
These are not the only amazing offers available to DPF clients as our Mortgage Specialists are continuing to successfully negotiate “Amazing Discounts” on behalf of our clients as the Banks are being forced to “Jump through the Hoops” if their Home Loans are to be considered by informed customers who deserve & demand a better deal.
This is great news for Home Buyers and Home Owners seeking a better deal from the Banks.
Talk to our Mortgage Specialists to learn more and to discover the great deals the Banks are willing to offer you to win your business.
Westpac Bank has announced significant changes to their lending policies for borrowers seeking to purchase an Investment Property.
Westpac will restrict investors to loan amounts up to 80% of their property value. This will impact greatly on the tax deductions able to be achieved by Westpac clients as they will now be required to contribute the 20% Deposit + Stamp Duties + Purchase Costs from their own funds rather than being able to borrow these amounts and claiming the interest as a tax deduction.
Whilst several other Banks have also announced similar restrictions on investors, industry insiders do not anticipate these policies to be adopted by the entire banking industry.
Q: Can Investors access loans that will allow them to borrow more than 80% of their property value ?
A: YES … Our Mortgage Specialists have access to over 30 Banks and can source a Bank who has NOT introduced restrictions or discrimatory approval policies targeting Investors.
Please click on “CONTACT US” if you wish to know more or feel free to speak with an experienced Mortgage Specialist on ph: (07) 5527 4744 to ensure you are able to source the right loan to suit your specific requirements.
New + experienced Property Investors are becoming increasingly frustrated by the new lending rules which differ greatly from Bank to Bank.
The good news is … If your Bank says “No” other Banks may say “Yes”.
Please contact our Mortgage Specialist as they know all the new rules and can inform you as to which Banks can help & which Banks can’t.
The Reserve Bank Governor (Glenn Stevens) confirmed in a speech to economists in Brisbane this week that further interest rate drops are possible however the RBA believes improvements in Government policies & spending on capital works is a preferred option to stimulate sustainable growth in the Australian economy.
The good new for Borrowers is that no-one is current talking about rates increasing from their current record low level.
The Reserve Bank may have kept rates on hold for another month however many banks are now offering lower interest rates for Owner Occupied Home Loans.
Why you may ask …
The simple answer is that the banks are under pressure from ASIC + APRA + the RBA to ensure a balance is maintained between new Owner Occupied Home Loans & the ever increasing demand for new Investment Loans.
Offering amazing deals to encourage more Owner Occupied Home Loans will open the door for more Investment Loans to also be written by the banks.
The winners are the Mum’s & Dad’s, First Home Buyers & those seeking to upgrade their homes as the banks are prepared to fight to earn your business.
Talk to our Mortgage Specialists to learn how you can take advantage of this opportunity and land yourself a great deal.
Australian Banks have CHANGED THE RULES FOR INVESTORS in response to the concerns of the government regulatory authorities (APRA + ASIC) over the perceived “High Levels of Investment Debt” currently in the market place & the potential ramifications for borrowers if the speculation over the bursting of the “Sydney Property Bubble” was to become a reality.
HOW DOES THIS IMPACT INVESTORS ???
Banks have reacted with varying methods to address the concerns of ASIC + APRA with more announcements anticipated over the next few days / weeks.
Listed below are several examples of the differing Lending Policy Changes announced by the Banks to date:
- CBA – Higher Interest Rates for Investors
- BankWest – Investors required to contribute a minimum of 20% Deposit / Equity
- NAB – Investors restricted from receiving Discounts on Interest Rates
- Westpac – Borrowing Capacity for Investors to be reduced – Negative Gearing no longer to be considered in serviceability calculations
- ANZ – Discounts not available for Investors who do not have a ANZ Home Loan
DPF Mortgage Specialists will continue to receive regular updates directly from the Banks and can assist you and your friends / family to navigate through the confusion and varying options if require funding for:
- Purchase an Investment Property
- Refinances of Investment Loan
- “Other” Investment opportunities
The Reserve Bank Board has delighted Borrowers by voting to reduce the Official Cash Rate to a new record low 2%
The “other” great news for Borrowers is that many banks have already slashed their Fixed Interest Rates in anticipation of this latest rate cut … However BE CAREFUL as some banks are only offering their lowest rates to those who are prepared to ask.
The team at DPF Mortgage Specialists wish to say a special “Thank You” to all our valued clients for your loyalty and support.
As a token of our appreciation DPF Mortgage Specialists is pleased to announce from the 1st of May 2015 – 31st July 2015 we will be rewarding our clients & supporters with a new Apple Watch if you:
- Take out a new Home Loan with DPF Mortgage Specialist and recommend a new client who proceeds with a new Home Loan with DPF Mortgage Specialists.
- Recommend 2 new clients who proceed with new Home Loans with DPF Mortgage Specialists.
Over the last 17 years so many of our clients have recommended our services to their friends & family and this is our way of showing our appreciation for this wonderful & generous compliment.
Did you know you can be Pre-Approved for up to $150,000.00 if you:
- Have a Home Loan
- Have an ABN & Registered for GST for 2 years
- Have no arrears or defaults noted on your Credit Report
DPF CAN SAVE YOU $$$ with Low Interest Rates + Low Loan Repayments on your Vehicle Finance.
DPF CAN SAVE YOU EVEN MORE $$$ by using my industry contacts to negotiate a lower purchase price on your behalf (NO FEE)
Click on “CONTACT US” to talk with our Lending Specialists