Having said that there is still a small opportunity to grab a great discounted home loan before this one also closes up.

We have been advised by one of the lenders that after running a very competitive home loan discount offer over 1% for the last five months this campaign will now finish.  Unfortunately as from Thursday 1^st March, the home loan discount offer will be reduced to a .88% discount.

To qualify the home loan to value ratio must be 80% or less and the loan amount greater than $250,000.

Further, home loan applications must be received in full with supporting documents, and be received by the lender by 29th February 2012 to qualify.

So hurry, it should now be clear to everyone, this year we are in a different home loan interest rate climate.

Please call us so we can get this home loan discount for you.

This is against a background where most economists who predicted a Reserve Bank rate cut of 0.25%

Some of the major lenders have also increased their margins in two ways. Not only have they increased their rates they have also decreased their professional discounts.

It would seem that we are now in a situation of competing forces. On one side you have the RBA who cuts rates to stimulate the economy vs the banks where the actual costs of funding is increasing.

At the end of the day, it would now appear the best deals on home loans may have been had in 2011. Having said that 2012 will still be a year of intense competition and as always there will be deals out there.

We have now closed for 2011 and would like to thank all our home loan customers for their support during the year.

Where are home loan rates headed for 2012?

Even though there is a perception that home loan rates may be headed down in early 2012, this may be offset by higher funding costs.

At least one major lending institution has just (late December 2011) indicated that it will decrease its home loan discounts. It has indicated that in the past 12 months the home loan market had slowed to the lowest credit growth in more than 30 years. This had resulted in fierce competition in the home loan market leading to price competition. This is true as it was not uncommon to see home loan rates discounted by 0.8%

However, in recents times, with uncertainty in global markets, lenders have now seen a substantial increase in funding costs, and this has resulted in a significant squeeze on home loan margins.

With no signs of funding costs easing, one of the major Banks is pulling back discounts for new home loans. As a result, they have indicated they are reducing discounts from their current abnormally high peaks to levels that more closely aligned with normal settings.

Will this be followed by the other banks?

We will soon find out!

For Sydney customers this is the home loans promotion.

One of the major banks has released a new home loan promotion to encourage switching to them.

The key points are as follows:-

Minimum home loan size of $250,000

Bank standard variable rate loan at 6.9% (CR 7.9%) (7.8% less discount of 0.9%)

For loans greater than $500,000 we may be able to get a larger discount.

For loans greater than $750,000 we may be able to get an even larger discount.

More about this home loan

More about the home loan package

A subsidy of up to $1000 to offset switching costs charged by other financial institutions

What costs are covered by the switching cost offer?
The switching cost subsidy covers:
• The registration fee, stamp duty and other direct costs payable on the discharge or refinance of your customer’s mortgage to their present lender (but excluding other government charges);
• Repayment or early repayment fees or costs payable to their present lender.
Switching costs do not include lock rate fees.

For Package customers, the bank is also offering a waiver of the annual Package fee for one year. Waiver of the $375 annual package fee means waiver of the first year fee for ‘New to the bank’ customers

For the offer to apply, all applications need to be submitted prior to  30 November 2011 and be drawn down by 31 May 2012.

And now for the good news!!!

Similar to the February compare home loans promotion

We will match the lender reimbursement on this particular loan.

Example: Switching Cost reimbursed by lender $700. Switching cost reimbursed by us $700. Total received by customer $1400

Example: Switching Cost reimbursed by lender $1000. Switching cost reimbursed by us $1,000. Total received by customer $2,000

So if you want up to $2,000 reimbursement call us on

How do we apply for the Mortgages Switching Campaign?

• Ensure you have obtained proof of switching costs (bank statement, receipts etc)
• Call us and we will send you the Refinance form so you can fill in your costs and we will also set up a Sydney appointment.

This September to December 2011 promotion is now closed

This May promotion is now ongoing, and No lmi 85 loans are still available.

This No Lenders Mortgage Insurance (LMI) 85% home loan is our April promotion for Sydney borrowers.

If you are purchasing at over 80% this has to be a stand out when you compare home loans.

The NIL lenders mortgage insurance (LMI) product is only available for a limited time.

When you compare what is in the market, this has to be one of the best home loan products out there.

A maximum of 85% without lenders mortgage insurance (LMI) at normal home loan rates.

So here are the guidelines:-

• The loan must be a minimum of $200,000, and a maximum of $1,000,000
• It is for purchases only
• There must be an intention to purchase a residential property located in a major metropolitan area
• One borrower must have steady current full-time permanent employment (both PAYG and self employed)
• Absolutely Clear credit history
• 
  

Features & benefits

• No lenders mortgage insurance (LMI) premium up to 85%
• No annual fee
• No monthly account keeping fees
• No fees for additional repayments
• No transaction fees
• No redraw fees
• No early repayment fee
• You can make additional repayments at any stage
• Loan term up to 30 years.
• The minimum loan amount is $200,000 per loan account. Maximum is $1,000,000

lenders Terms and Conditions and Fees and Charges apply to all loan products.

All applications for the No Lenders Mortgage Insurance (LMI) 85% home loan product are subject to lenders terms and conditions. Terms and conditions apply.

So what’s next?

If you are after a No Lenders Mortgage insurance 85% loan, with no ongoing fees, and no early repayment fee then call us on

during business hours, or complete the Contact form.

We will ask you a few quick questions.

A time that is convenient to you will be set for a face to face meeting.

We will help you fill out the application form, and lodge it on your behalf.

We will keep you informed of the progress all the way through until the loan has settled.

To save on lenders mortgage insurance now, call us on

If the current No lenders mortgage insurance 85% promotion is not suitable, please let us know, as we also have other options to save on lenders mortgage insurance at and above 85%.

We would be happy to provide you with a competitive estimate should you require lenders mortgage insurance above 85%.

You may be pleasantly surprised!

For guide as to what lenders mortgage insurance may cost see lenders mortgage insurance calculator

May promotion is now closed, however we still do have other No lmi 85 loans available. Here is an example of another way to do a No Lmi 85% loan.

Currently in the market it is possible to get a 0.7% discount off a standard variable rate and this is fairly common. It is also possible to get an 0.8% discount off a home loan rate, but is it possible to get a 1% discount off a home loan rate? The answer may surprise you.

At the moment St George is running a 1% discount off their standard variable rate. However, after the first 12 months finishes the rate then reverts back to a normal package discount which is typically 0.7%

It is possible to obtain a 1% discount off a variable rate home loan on an ongoing basis. The main criteria is it must be a minimum of at least $1m in lending. The applicant needs to have perfect credit and the loan to value ratio must be 80% or below.

If you fit this criteria, and are in Sydney please call us, and we will do our best to get you this discount. NB This size discount is only available on very large loans, it is a discretionary discount, and may be withdrawn at any time.

One of most competitive ongoing home loans at the moment is through one of the major banks. They are currently running an ongoing promotion for loans over $300,000 and less than 75% lending ratio. The rate is currently 6.9% CR 7.06% and Nil Establishment fee (for refinances only).

Note, as at October 2011, this rate has now been reduced to 6.8%

As it doesn’t have a finish date we have not featured it on this site. Having said that, if this rate is attractive to you then you can learn more about this loan through the site Ditch and Switch.

Meanwhile, we will wait for the next stand out home loan promotion!

Both the November ING $1,000 “Switch Your Bank” Promotion and December ANZ 3 Year special fixed rate promotion will be hard to beat in 2011.

All the best for the New Year, and we will have another exciting promotion in either mid January or early February 2011

Do you think interest rates are heading up?

Do you want up to $2,000 reimbursement?

Right now the variable rate with one of the major banks the basic loan and the 3 year fixed rate are the same!

Maybe its time to consider a fixed rate loan!!*

When you compare home loans this has to be one of the best deals currently in the home loan market.

And when you compare don’t forget we match on certain home loans.

For a limited time only, from 15 November – 31 December 2010, if you take out this three year Fixed Rate Home Loan you will receive:

• Reduced rate discount of 0.44%, currently 7.10% p.a. (Comparison Rate 7.62% p.a.)
• Up to $1000 towards the cost of switching your home loan
• No application fee, saving you up to another $600

and the lender will also remove the Deferred Establishment Fee for mortgages (also known as an ‘exit fee’). However, there will still be the break cost if the fixed rate period is broken.

AND we will match the lender reimbursement on this particular loan.

Example: Switching Cost reimbursed by bank $750. Switching cost reimbursed by us $750. Total received by customer $1500

Example: Switching Cost reimbursed by bank $1000. Switching cost reimbursed by us $1,000. Total received by customer $2,000

So if you want up to $2,000 reimbursement call us on

For full details about the 3 year fixed loan features

What’s included in the reimbursement? Both bank fees and government charges.

Terms and Conditions

Fees and Charges

Comparison Rate Schedule

If you are looking for the best home loan package, then this must rank right up there.

It may even be in the running for home loan of the year!!!

Call us now on

Real home loans, with real promotions with real fees and charges disclosed.

Comparison Rate calculated on a loan amount $150,000 over a term of 25 years based on monthly repayments. This rate is for secured loans only.

WARNING: The Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

*Important : Fixed rate home loans are not for everyone. Please seek independent financial advice on whether this offer meets your needs as early repayment costs may apply.

If you are not happy with the current promotion, please check back as the promotions will be constantly changing.

This Promotion has now ended