Did you know that 2 in 3 Australian mortgage owners think about switching their home loan to another lender? Have you thought the same? According to the Australian Bureau of Statistics (ABS), a report commissioned by the Australian Banking Association (ABA) has discovered that 66% of mortgagors have considered switching to a different lender. Despite […]
Author Archives: Reduce Home Loans
10
Sep
Sep
This Month Reduce is Supporting our local Fireys For the month of September, Reduce Home Loans will be doing their part in donating to the severe fires happening across the country. ‘Over 130 fires are burning across New South Wales and Queensland are experiencing the worst start to the bushfire season in recorded history.‘ – […]
28
Jun
Jun
It pays to shop around for the best rate you can get! Business Insider reports a typical owner occupier borrower has a home loan rate of 4.30 per cent. (That was the average of all the principal-and-interest variable rates listed on RateCity at the end of May.) By contrast, the lowest P&I variable rate on RateCity, […]
14
Jun
Jun
Battle of the lenders Reduce Home Loans continues to lead the pack with its newly released home following the June RBA Rate Drop, according to comparison site Rate City. Reduce’s Owner Occupier Low Rider Variable Loan sits 0.05% lower than other non-bank lenders in the market, at 3.09% p.a (3.12%*(1) p.a. comparison) with an 80% […]
04
Jun
Jun
Reduce is offering the full 0.25% drop The RBA announced a 0.25% interest rate cut to the cash rate today to an all-time low, and Reduce is following the decision with the maximum 0.25% rate cut, providing its customers with rates as low as 3.19% Variable. We are acting quickly and applying the rate drop immediately, […]
27
May
May
Most mortgage terms run for a maximum of 30 years. While convenient to stick with standard repayments over the full term, there are some easy things you can do to pay your loan off quicker and be mortgage-free. Here are 5 tips any home owner can use to shave years off their mortgage. 1. Shop […]
09
May
May
Australia is experiencing one of the steepest housing downturns since the 2007 global financial crisis, where property prices fell by as much as 5%. Yet after peaking in October 2017, house prices have dropped once more, with a 6.1% reduction in value across the country’s major capital cities. While this market dip isn’t exactly welcome news […]
09
May
May
“It all starts with a welcome, a meal, a relationship…” This May Reduce Home Loans is supporting homeless people in our communities who are the most vulnerable. The Sacred Heart Mission is a not-for-profit organisation dedicated to helping the homeless rebuild their lives. The charity offers year-round assistance through community fundraising, meal donations and personal […]
18
Apr
Apr
How will the proposed 2019 Budgets affect home owners and investors? Last week, Scott Morrison and Bill Shorten released their proposed budgets following the national election on May 18 2019. Many topics including infrastructure, employment and health services were addressed, which covered the news headlines. Housing affordability plans and assistance schemes were given mention by […]
03
Apr
Apr
Support after sexual assault is out there, 24/7. The month of April is dedicated to raising international awareness of sexual assault upon people of every age. The drive aims to promote help and support for victims of sexual abuse. Sexual assault is not just limited to any age or gender. Victims can experience assault at […]