For many homeowners, their mortgage is their largest financial obligation. And with the current state of the economy, it’s no surprise that many are looking for ways to save money on their mortgage. One way to do this is through refinancing your home loan. Refinancing your home loan can be a great way to lower […]
Tag Archives: Saving Money
14
May
May
Gone are the days where Australians were locked into the same bank they’d been with since they were a kid for every financial product. As technology has advanced so too has the way we choose to use and connect with our finances. Online-based home loan lenders, such as Reduce Home Loans, have erupted into the […]
08
Jan
Jan
Despite a year filled with challenges and uncertainty, the Great Australian Dream of owning a home is still alive for many first home buyers. And for some capital cities, such as Sydney and Melbourne, the impacts of Covid-19 on the economy and our day-to-day lives meant that housing prices fell for some months. Paired with […]
07
Sep
Sep
As home loan interest rates continue to fall, Reduce Home Loans has hit the ground running with a record low interest rate of 1.90%p.a. (2.42%*p.a. comparison). The Rate Crusher 1 Year Intro Variable^ is available for new Reduce Home Loans customers for loans up to $850,000. The loan requires a minimum deposit of just 20%, […]
17
Oct
Oct
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 […]
24
Jul
Jul
Hottest Home Loan Rates Under 3 % 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 with rates under 3 % for those looking to refinance for a better rate. Reduce Home Loans announced that it will […]
16
Nov
Nov
What is a Mortgage Offset Account? How does it work? Many of us have heard of the term “Mortgage Offset account” when talking about home loans, but do we all know how it works? An offset account is just what it sounds like. It offsets your home loan balance, so you only pay interest on […]