Author: MAXISLoans

In recent financial news, mutual banks have emerged as leaders in implementing significant drops in fixed-rate home loans, showcasing their competitive edge in the lending market. Following the Reserve Bank of Australia’s (RBA) decision to reduce the cash rate by 25 basis points to 4.10%, various lenders have responded differently to the rate cut. While…

In recent news about home loans, the focus is on the potential for massive savings through refinancing. With over 100 Australian banks passing on the Reserve Bank of Australia’s rate cut, borrowers stand to benefit from reduced interest rates, except for customers of specific banks like Virgin Money and BOQ Specialist. Exclusive research conducted by…

Following the recent interest rate cut by the Reserve Bank of Australia, major banks have been slow in passing on the benefits to mortgage holders. While some lenders acted promptly, the big four banks opted for a more cautious approach, delaying the implementation of reduced rates for a few weeks. This delay raises questions about…

In recent news, the Australian home loan market has been significantly impacted by the issue of steep home loan deposits, which is pricing many Australians out of the market. Payday lenders have also come under scrutiny for potential breaches of consumer protection laws. The Reserve Bank of Australia’s recent rate cut has prompted various lenders…

Bendigo Bank has emerged as the leader in customer satisfaction for home loans in Australia, as per the recent findings from Roy Morgan’s Single Source survey. The bank has attained an impressive satisfaction rating of 87.7%, surpassing other major lenders in the industry. Following Bendigo Bank, ING secured the second position with a satisfaction rate…

A 34-year-old woman, Layla Kelly, recently shared her distressing experience of being denied a home loan by a bank due to her unconventional career choice. Kelly, a former banker earning $65,000 annually, had diligently saved a substantial six-figure deposit, aspiring to achieve financial stability through homeownership. However, her plans took an unexpected turn when she…

AMP and Great Southern Bank have recently made significant changes to their home loan rates, ushering in a new wave of adjustments in the home loan market. While most lenders have already implemented the recent variable rate cuts following the February monetary policy decision, some like Virgin Money are still outliers. The landscape of home…

Commonwealth Bank, one of Australia’s leading financial institutions, has initiated a significant change in its home loan offerings, particularly benefiting certain Australian workers. The bank has introduced an expansion of its Lenders Mortgage Insurance (LMI) waiver program, aimed at enabling a broader range of professionals to qualify for this benefit when applying for home loans.…

In the realm of home loan applications, certain costly habits have emerged as significant red flags that could jeopardize one’s chances of securing a mortgage. A recent survey conducted by Money.com.au involving 1000 participants shed light on the financial behaviors that could potentially hinder individuals from obtaining home loans. Among the participants, a notable 15…