Author: MAXISLoans
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Banks Delay Passing RBA’s February 2025 Rate Cuts to Customers
In recent Home Loan News, following the Reserve Bank of Australia’s (RBA) rate cut in February 2025, there has been a delay in banks passing on the cuts to their customers. While major banks like Commonwealth Bank, ANZ, NAB, and Westpac swiftly implemented the full 25-point reduction, smaller lenders such as FreedomLend, Mortgage House, and…
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Major Lenders Cut Rates: Homeowners Benefit from Lower Home Loan Repayments
In recent news, Australian homeowners are set to benefit from rate cuts announced by major lenders, including the Big Four banks, following the Reserve Bank of Australia’s decision to lower interest rates. This move is expected to bring relief to households grappling with increasing interest rates over the past couple of years. For those with…
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Interest-Only vs. Principal & Interest Loans: Which Is Right for You?
Interest-only loans and principal & interest loans are two common types of mortgage loans that borrowers can choose from when purchasing a home. Each type of loan has its own set of benefits and drawbacks, so it’s important for potential homebuyers to understand the differences between the two in order to make an informed decision.…
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ANZ Cuts Variable Home Loan Rates After Cash Rate Drop
In recent developments, ANZ has taken decisive action by reducing variable interest rates for its home loan customers in response to the Reserve Bank of Australia’s decision to lower the official cash rate. This move signifies a proactive approach by ANZ to alleviate financial burdens on borrowers and inject some relief into the economy. Effective…
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Melbourne First-Home Buyers Opt for Mortgage Over Lavish Weddings
In a shift from traditional norms, first-home buyers in Melbourne are prioritizing property ownership over extravagant weddings, opting to secure a mortgage before walking down the aisle. Couples like Tiana and Jesse are emblematic of this trend, having recently purchased their first home in Melbourne and now focusing on their upcoming wedding plans. This choice…
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Home Loan Trend: Couples Favor Ownership Over Marriage
In recent years, a notable trend has emerged where an increasing number of Australian couples are choosing to prioritize homeownership over marriage, as indicated by a study conducted by Aussie Home Loans. The research, which scrutinized a substantial volume of mortgage settlements from 2010 to 2024, discovered a significant 80% surge in home loans granted…
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Home Loan Savings: How Much Will You Pocket After Rate Cut?
Following the recent 0.25% rate cut by the Reserve Bank of Australia (RBA), many are eager to know how this reduction will impact their home loan payments. With most banks likely to mirror this rate decrease, individuals can anticipate having some additional funds at their disposal. But the pressing question remains: how much can one…
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Rise of Alternative Lenders: Home Buyers Opting Beyond Big Banks
The landscape of home loans is evolving, with an increasing number of home buyers exploring options beyond the traditional big-four banks. Alternative lenders are emerging as formidable contenders in the market, offering a diverse range of financial products, including home loans, credit cards, and personal loans. These alternative lenders, numbering over 600, operate under stringent…