Tag Archives: interest rate

How Often Should I Refinance My Home Loan?

Reduce Home Loans- Refinancing my home loan

Refinancing a home loan can be a smart financial move. It can save money, lower monthly payments, and help achieve other financial goals. However, it is important to know how often to refinance. Refinancing too often might not be beneficial. Let’s explore this topic in detail.   Understanding Home Loan Refinancing Firstly, it is important […]

How Much Can I Borrow For My Next Home Purchase?

Buying a new home is a significant milestone, but before delving into the real estate market, comprehending your borrowing capacity is critical. Understanding how much you can borrow for your next home purchase involves numerous factors that can sway your loan eligibility. Whether you’re a first-time buyer, buying your next property or are an experienced […]

2023 Best Home Loan Rates & What You Should Look For In A Mortgage

Whether you’re about to start your home buying journey, or you are considering refinancing, it’s important to understand what your best home loan rate options are for 2023. There are several key areas affecting home loans and interest rates that homeowners will be wise to look into for 2023. This includes the ongoing cash rate […]

Still the cheapest variable rate home loan

Reduce Home Loans Cheapest home loan variable rate

The home loan interest rate battle rages on with more competitive rates being announced. One major bank introduced its cheapest introductory variable rate starting with “1” however the bank also increased several of its fixed interest rates. The great news is, based on Canstar’s database, the cheapest variable interest rate for owner occupiers is still […]

Can you save more by refinancing to an online lender?

One of the top reasons to switch home loans or refinance is to reduce the interest rate on your current mortgage. Traditionally, the rule of thumb is that refinancing is sensible if you can lower your interest rate by at least 2%. Some believe that at least 1% in interest savings is enough to refinance. […]

5 signs it’s time to refinance your mortgage

Reduce Home Loans- Time to refinance

There are significant benefits to refinancing a home loan, whether a borrower is looking to reduce interest rates, ditch ongoing fees or access equity for renovations or a holiday. And with the Reserve Bank of Australia Governor, Philip Lowe, stating the central bank was “highly unlikely” to follow the lead of countries that have taken […]

Reduce Home Loans winner of 5 RateCity Gold Awards

Reduce Home Loans winner

Leading low-rate lender, Reduce Home Loans, is the winner of five awards for various home loans from comparison website RateCity.com.au. Times have been tough for Australian households, as the impacts of Covid-19 are no-doubt still being felt by many mortgage holders. Because of this, Reduce Home Loans is proud to be in the top 10 […]

Why now is the right time to refinance

Reduce Home Loans- Refinance

With Australia facing so much uncertainty at the moment, you may be considering is now the right time to refinance your home? To refinance your mortgage is certainly a hot-ticket option right now for homeowners. In fact, the latest data from the Australian Bureau of Statistics (ABS) shows that $8.9 billion worth of home loans […]

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