NAB Is Now Paying Exit Fees To Lure In New Customers
April 18, 2011 -  No comment

Recently NAB decided to get aggressive in the marketplace and try to lure in customers from their top competitors, specifically those from Westpac and the Commonwealth Bank. Customers transferring their home loans from one of these banks will have their $700.00 exit fee paid for by NAB. An exit fee is a fee that banks have traditionally charged customers when they decide to jump ship so to speak and leave one bank for another. It is a way for banks to make it harder for customers to leave while...

National Australia Bank Ahead in Home Loans
April 11, 2011 -  No comment

Competition for customers has always been fierce between the big four banks in Australia.  Westpac, National Australia Bank, Commonwealth Bank and ANZ are considered the big banking giants in Australia.  While National Australia Bank (NAB) and ANZ have remained the smaller lenders behind giants Westpac and Commonwealth Bank (CBA), NAB shows signs of catching up. 465

Commonwealth Bank Focuses Its Attack
April 5, 2011 -  No comment

The bank war going on amongst the big four banks in Australia has been anticipated by mortgage-holders. It is sure to benefit customers, as lenders compete with each other for their business. The banks have been going back and forth waiving exit fees, waiving annual fees, and offering discounted rates. 450

Comparing Big Four Banks to Smaller Lenders
March 28, 2011 -  No comment

While the Big Four banks of Australia – NAB, Commonwealth Bank, ANZ, and Westpac - are fighting for your business, it might...

Comparison Rate Definition: How is it calculated?
March 1, 2011 -  5 Comments

So what is a Comparison Rate? A comparison rate is a tool to help consumers identify the true cost of a loan. It factors...

Glimpsing Home Loan Price Wars In The Making
February 23, 2011 -  No comment

In recent months, the home loan market in Australia has been experiencing shifts and, in some cases, slowdowns. In fact,...

First Time Home Loan Saver Account
November 29, 2010 -  1 Comment

Saving money for a down payment for your first home is no easy task. Some people take years trying to get the funds together...

Australian Home Loan Interest Rates Are On The Rise
November 8, 2010 -  No comment

Australian home owners are not pleased with the Commonwealth Bank, who shockingly this week announced a 45 basis point increase or .45% home loan interest rates Australia hike after the Australian reserve bank raised the cash rate by 25 basis points. Many are calling the sudden jump outlandish and downright greedy, including many politicians. They are saying that there are no grounds for such an increase, as the bank has made a huge profit already this year. The higher rate is expected to give the bank...

Higher Mortgage Interest Rates Hurting Holiday Plans
October 21, 2010 -  No comment

The latest survey conducted by Bankwest/Mortgage and Finance Association of Australia indicate that almost half of the 1,000 people questioned are skipping their holiday plans to concentrate on paying their home loans.  People are sacrificing many every day necessities due to the higher mortgage interest rates causing their variable rate mortgage repayments to skyrocket.  People are choosing to eat at home more than in restaurants, taking lunch to work instead of ordering out, and reducing costs...