If you are taking the plunge and purchasing your first property, understanding mortgage jargon and concepts can be intimidating. One of the frequent terms that you’ll encounter is LVR or loan-to-value ratio, but how do you define LVR? And why is it important? Loan-to-value ratio or commonly known as LVR is the amount you’re borrowing […]
Tag Archives: Home Loan
If you’ve been paying off your mortgage for some time, you may not be aware that your diligent repayments could be your ticket to a more competitive home loan option. Many first home buyers will opt for a no-frills home loan option when trying to buy property as, after all, you’re just happy to get […]
Are you thinking about switching your home loan? Or currently just shopping around for a better rate to refinance? You may not be aware but a handful of lenders are throwing in special deals to borrowers looking to switch or refinance. When we say special deals, it’s not just about the jaw-dropping low rates or […]
Feeling the urge to escape from your current location and seek out a sea or tree change? You’re not alone. The latest data from the Australian Bureau of Statistics (ABS) found that in the three months to the end of March 2021, 104,100 people moved interstate. This was the highest migration level for a March […]
As COVID-related restrictions continue to shift across the country, many Aussies may find themselves thinking about their homes and their mortgages. With record-low home loan rates on offer right now, homeowners may be wondering how they can refinance while stuck at home. Don’t let lockdown make you feel locked into your home loan. It is […]
Switch from the Banks and Save Effie Zahos, Editor of Money magazine appeared on The Today Show this morning, offering helpful advice for Australians. This follows uncertainty after the Royal Commission (RC) report was released on Monday 11 February 2019. “With the average home loan rate at 4.37%, it makes sense to make the […]
Rate Hikes Pushes People to Online Lenders Due to hiked variable rates from the three of the big four banks, many homeowners are pushed to go to challenger lenders such as Reduce Home Loans to be able to keep up with their budget. “Online lenders have been giving the big banks a run for their […]
7 Ways You Can Save Money on Your Home Loan Saving money on your home loan isn’t easy, but it’s very worthwhile. The faster you pay it back, the less interest you pay. Additionally, there are some other tricks and tips that will have you saving more of your hard-earned money. Here are 7 ways […]
NON-BANK GOLD WINNER: REDUCE HOME LOANS by Money Team November 29, 2017, 6:34 pm The Reserve Bank may have left the official cash rate at a record low of 1.5% in November but there’s still a massive 2.28% difference between the cheapest and dearest variable rates on Canstar’s database. The cheapest, courtesy of our non-bank winner Reduce […]
Updated Privacy Policy Privacy Policy – https://www.reduceloans.com.au/privacy-policy Respecting your privacy We respect your personal information, and this Privacy Policy explains how we handle it. The policy covers Reduce Home Loans Pty Ltd. This Policy also includes our credit reporting policy, that is, it covers additional information on how we manage your personal information collected in connection […]
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