Self Employed borrowers with Lo-Doc Loans may be eligible for huge reductions in Interest Rates once they have completed their latest Tax Return.
Why pay the Banks more than you need to ???
Click on “CONTACT US” to find out how.
ANZ is the 1st of the “Big Banks” to increase their Fixed Interest Rates on Home Loans.
Customers of ANZ will now pay an additional 0.20% p.a. if they wish to lock in their Home Loan Interest Rate for a 3 year term.
The “Other Banks” have yet to follow the lead of the ANZ and continue to offer 3 Year Fixed Rates between 4.85% p.a. – 4.99% p.a.
Q … Will the other Banks follow the lead of the ANZ Bank ???
A … Not as yet 🙂
Following the decline of the Aussie Dollar and improvements in the Manufacturing Sector the Reserve Bank Board has elected to “Wait & See” by retaining the Official Cash Rate at the current level of 2.75%.
Further reductions in the Variable Interest Rates are predicted however economists are not confident to predict further falls in Fixed Interest Rates which are already experiencing record low levels.
Finally Australian home owners and their families can enjoy the full benefits of the Reserve Bank’s decision to reduce the Official Cash Rate with all four “Big Banks” passing on the full rate cut (0.25% p.a.) to their customers.
This great result was largely due to the pressure created by the “Smaller Banks” such as Macquarie Bank and ING who have passed on the full RBA rate reduction for the last 3 occasions.
WELL DONE SMALL BANKS !!!
Want To Know …
How much of the latest RBA Interest Rate cut your Bank will pass on ???
and
When will your Home Loan rate be reduced ???
Bank |
Rate Cut |
Effective Date |
Adelaide Bank |
0.25% p.a. |
May 27th |
AMP |
0.25% p.a. |
May 27th |
ANZ |
0.27% p.a. |
May 27th |
Bank of Melbourne |
0.25% p.a. |
May 17th |
Bank of Queensland |
0.25% p.a. |
May 24th |
BankWest |
0.25% p.a. |
May 20th |
Bendigo |
0.25% p.a. |
May 27th |
Citibank |
0.25% p.a. |
May 20th |
Commonwealth |
0.25% p.a. |
May 13th |
Heritage |
0.25% p.a. |
May 16th |
Homeside |
0.25% p.a. |
May 13th |
ING |
0.25% p.a. |
May 17th |
Macquarie |
0.25% p.a. |
May 20th |
Me Bank (Members Equity) |
0.25% p.a. |
May 28th |
RAMS |
0.25% p.a. |
May 13th |
NAB |
0.25% p.a. |
May 13th |
St George |
0.25% p.a. |
May 20th |
Suncorp |
0.25% p.a. |
May 24th |
The Rock Building Society |
0.25% p.a. |
May 24th |
Westpac |
0.25% p.a. |
May 20th |
The Official Cash Rate has hit a record low 2.75% following the Reserve Bank’s decision to cut rates by a further 25 basis point in May 2013.
This decision is welcomed by Senior Economists & Business Leaders who have encouraged the RBA to assist the sectors within the Australian Economy which continue to struggle.
Borrowers will be able to celebrate further once their Banks confirm HOW MUCH of the rate cut they will pass on to customers and HOW FAST this will occur.
DPF Mortgage Specialists has received an “INSIDER TIP” that Westpac Bank will be increasing their 2 Year Fixed Interest Rate from 4.99% p.a. to 5.29% p.a. this Wednesday (20/3/2013).
If you wish to change all / part of your Westpac Home Loan to the 2 Year Fixed Rate of 4.99%p.a. before the increase contact Westpac Home Loan Helpline on ph: 132558 URGENTLY.
As you would expect there is no “One Right Answer” that can apply to everyone’s personal circumstances and strategies however there are several basic “Pro’s and Con’s” and “Handy Hints” that you need to know before you can determine the “Right Decision for You”.
Fixed Interest Rates
Advantages
Disadvantages
Variable Interest Rates
Advantages
Disadvantages
Handy Hints:
All clients of DPF Mortgage Specialists are eligible to receive advice from our licenced Mortgage Specialists AT NO COST.
Simply click on “CONTACT US” or phone (07) 5527 4744
BREAKING NEWS … No Change to Interest Rates
5th March 2013 –
Following today’s Board Meeting the Reserve Bank has elected to retain the Official Cash Rate at the current level (3%). This decision was widely anticipated considering the recent financial data confirming improvements in the domestic economy combined with an increasing sense of stability in the USA and European Economies.
The Reserve Bank is prepared to reduce rates further during 2013 if / when this action is required however the decision to keep rates on hold during March is supported by most Senior Economists.