How do Construction Loans work?

Construction Loan

Many Australians dream of designing and building their own home with all the bells and whistles that would suit their personality and lifestyle. But building a house is no simple task. With multiple parties involved including builders, contractors, lenders and solicitors, the whole lending process can get very confusing. Construction loans are designed for borrowers […]

What you need to know about the First Home Loan Deposit Scheme

First Home Buyers

What is the FHLDS? The First Home Loan Deposit Scheme is an initiative by the Australian Government to help eligible first home buyers enter the property market sooner. It is designed to assist first home buyers who have saved at least 5% of the property value to get a loan without paying Lenders Mortgage Insurance […]

Christmas Charity Drive 2019

Helping bring Christmas to bushfire victims Each year Reduce joins in on a local Christmas Charity Drive to help bring joy to less fortunate families and kids in the holiday season. Reduce is joining in on the St Vinnies Bushfire Appeal to help restore some happiness to families whose homes and livelihoods were destroyed by […]

Money Magazine Awards 2020 – Australia’s Cheapest Flexible Home Loan five years in a row!

Low Rider Variable rated Best of the Best Cheapest Flexible Loan 2020

For the fifth year in a row, Reduce Home Loans takes out the top spot as Australia’s Cheapest Flexible Home Loan. Money Magazine held its annual Best of the Best award event yesterday (November 27 2019) to highlight Australia’s top financial products and services for the year ahead. Reduce Home Loans was named Best of the […]

Should you stay or should you go?

Stay with your bank or refinance

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 […]

Bushfires Rage Across QLD and NSW

Source: News Australia

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.‘ – […]

Do you know your Interest Rate?

What interest rate

75% of Australians do not know their home loan interest rate, according to the Herald Sun. You could be paying far less in interest on your home loan by getting the know-how and refinancing to a better rate. Following two consecutive Cash Rate cuts by the Reserve Bank of Australia, it seems every Australian with […]

Home Loan Rates Falling Under 3%

Interest rates falling

Hottest Home Loan Rates While most banks are not passing the full 0.25% cut to their mortgage rates, Reduce Home Loans is among the non-bank lenders passing on the full cut to those looking to refinance for a better rate. Reduce Home Loans announced that it will be passing the rate cut in full for […]

Checking Your Home Loan – A Million Dollar Decision

Compare rates regularly

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, […]

June 2019 Rate Cut Frenzy

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% […]