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

Westpac Premier Advantage Package Review
April 5, 2011 -  No comment

Today, the Australian housing market is serviced by several high profile lenders .Each institution has a number of well-crafted financial products and services built for a variety of borrower needs and circumstances. Needless to say, the market can be highly competitive. Savvy companies are always evolving their platforms to service more selective needs and provide the type of incentives that matter to Australian home buyers. 458

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...

Interest Rate Cuts to Come Promises Westpac
March 28, 2011 -  No comment

No one wants to see the interest rate on their home loan increase. It can put a financial burden on a homeowner that can have catastrophic results. In a tough economy, the strain can be felt even more. Struggling to keep up with mortgage repayments already, homeowners are frustrated with the ever increasing interest rates on variable home loans. Westpac financial, Australia's second biggest lender, announced recently that they promise rate cuts in the future. 422

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,...