7c85f975

Easiloans Mortgage Brokers Interest Rate Update Nov. 2024

Mon, 11 Nov 2024 06:41:53 GMT

RBA delivers November cash rate decision

No change to Australia's Central Bank current Interest Rate.

Current Cash Rate

The cash rate target is set at 4.35%, a figure that influences what banks charge for loans.

However, a change in the cash rate doesn't guarantee an immediate shift in mortgage rates; that decision rests with the banks, which typically announce any changes afterward.

Easiloans Mortgage Brokers Interest Rate Update Oct. 2024

Fri, 11 Oct 2024 06:37:55 GMT

RBA delivers October cash rate decision

No change to Australia's Central Bank current Interest Rate.

Current Cash Rate

The cash rate target is set at 4.35%, a figure that influences what banks charge for loans.

However, a change in the cash rate doesn't guarantee an immediate shift in mortgage rates; that decision rests with the banks, which typically announce any changes afterward.

Easiloans Mortgage Brokers Interest Rate Update Sept. 2024

Tue, 24 Sep 2024 05:40:01 GMT

RBA delivers September cash rate decision

When Will Interest Rates Drop? Key Insights after Today's RBA Meeting

As mortgage holders awaited news, the Reserve Bank of Australia (RBA) announced its September cash rate decision. Many were hopeful for a cut, but experts suggested that may still be some time away.

Current Cash Rate

The cash rate target is set at 4.35%, a figure that influences what banks charge for loans. However, a change in the cash rate doesn't guarantee an immediate shift in mortgage rates; that decision rests with the banks, which typically announce any changes afterward.

Will Rates Be Cut Today?

Most economists believe the RBA will maintain the rate at 4.35%. According to AMP's deputy chief economist Diana Mousina, recent economic data indicates:

Slowing wage growth

Stable job growth

An unemployment rate of 4.2%

Weak economic growth in Q2

Expected moderation in inflation

Low consumer and business confidence

"This backdrop aligns with the RBA's forecasts, suggesting no immediate need for a rate cut," Mousina notes. Robert Carnell, ING Bank's Asia-Pacific research head, concurs, stating that easing is unlikely at this meeting.

Rate Cut Predictions

While households grapple with rising living costs, the prospect of a rate cut remains uncertain. Current predictions from major banks include:

ANZ: February

CBA: December

NAB: May

Westpac: March

RBA Governor Michele Bullock has also indicated that it's too soon to anticipate cuts, stating, “Circumstances may change, but the board will respond accordingly.”

This RBA meeting follows a recent 0.5% cut by the US Federal Reserve, leading some to speculate about potential cuts in Australia.

What Would Trigger a Rate Cut?

A primary condition for a rate cut is lower inflation, with the RBA aiming for a target range of 2-3%. Australia's inflation rate was recorded at 3.8% for the June quarter, up from 3.6% in March. The RBA has acknowledged that underlying inflation remains high, indicating that sustainable movement towards the target range is still some time away.

Cash Rate Overview

The cash rate has been at 4.35% for ten months, having been raised in November last year. Despite six meetings since then, the RBA has opted to keep it steady.

Historical Context

The last time the cash rate was above 4.35% was in November 2011, when it reached 4.5%.

Upcoming RBA Meetings

There are two more RBA meetings scheduled for this year:

November 4-5

December 9-10

Stay tuned for updates from today’s RBA announcement!

Homeownership, Without a Traditional Deposit

Tue, 13 Aug 2024 11:00:42 GMT

Shared home ownership is an option

Buying a home is a significant milestone, but traditional approaches often require substantial upfront savings for a hefty deposit. At easiloans, we believe that the dream home should be within reach without the need to wait for years to accumulate a massive deposit.

Shared home ownership is a unique approach designed to assist homebuyers in acquiring a property with a minimal deposit. Through a shared equity home loan, buyers can own up to 80% of the property’s value, with the remaining 20% owned by a licensed property fund. This model increases affordability, as buyers pay some rent to investors for their share of the property. This is an excellent product and is not related to the Keystart Shared Equity program allowing people to purchase the home you want.

Buying a home is a significant milestone, but traditional approaches often require substantial upfront savings for a hefty deposit. At easiloans, we believe that your dream home should be within reach without the need to wait for years to accumulate a massive deposit.

The ideal target market are renters, first-time home buyers, young professionals, families, and individuals who have been priced out of the traditional housing market due to financial constraints or limited savings.

We aim to satisfy the core needs and desires of this audience, such as achieving financial stability, building generational wealth, and fulfilling the dream of owning a home.

Please call your easiloans for more information.

Easiloans Mortgage Brokers Interest Rate Update August 2024

Tue, 06 Aug 2024 05:09:16 GMT

RBA cash rate stays put

Is it time to review your current home loan rate and get a better one?

With the ever-changing landscape of the Australian housing market, it's essential to keep your finances in check and ensure you're getting the best deal possible on your mortgage. Don't let outdated rates cost you more than necessary. Take a proactive step today and review your home loan rate to potentially save money and secure a better financial future.

It’s been seven weeks since the last cash rate call, with opinions varying on whether the next move would be a hold or a rise. Now, the Reserve Bank of Australia has delivered its first decision of FY25.

The central bank has announced it will hold the cash rate, keeping it steady at 4.35 per cent for the sixth consecutive monetary policy meeting.

With ABS data showing that the Consumer Price Index (CPI) had risen 4.0 per cent in the 12 months to May, up from a 3.6 per cent rise in April and 3.5 per cent in March, speculation had risen that the RBA would feel forced to enact another hike.

Even so, many, such as the Real Estate Institute of Australia, noted that the monthly CPI indicator was not as comprehensive as the ABS's quarterly inflation data, and urged calm among mortgage holders and prospective buyers worried about their ability to service increasing loans.

A cautious view proved prudent late last week when ABS data for the June quarter 2024 revealed a quarterly rise of 1 per cent and an annual rise of 3.8 per cent, allaying inflationary fears for the short term.

Explore your refinance options | Why, What, When - Jul 2024

Wed, 31 Jul 2024 04:12:28 GMT

Explore your finance options

In the hustle and bustle of daily life, it is easy to overlook tasks that seem minor but can have a significant impact on our finances. One such task is refinancing your mortgage. Taking just minutes to explore this option can potentially save you thousands of dollars over the life of your loan. Here is why making the call to Easiloans could be one of the smartest financial moves you make this year.

Why Refinance?

Refinancing involves replacing your current mortgage with a new one, ideally with better terms. This can result in lower monthly payments, reduced interest rates, or a shorter loan term. Here are some key benefits:

Lower Interest Rates: Interest rates fluctuate over time. If rates have dropped since you took out your mortgage, refinancing could lower your interest rate, which translates into substantial savings.
Reduced Monthly Repayments: A lower interest rate or extending the loan term can reduce your monthly mortgage repayments, freeing up cash for other expenses or investments.
Shorten Loan Term: If you can afford higher monthly repayments, refinancing to a shorter loan term can save you thousands in interest and help you pay off your mortgage sooner.
Access Home Equity: Refinancing can allow you to tap into your home’s equity, providing funds for home improvements, debt consolidation, or other financial needs.
Buy Another Investment Property: If you have owned a property for 2-3 years or more, you have most likely seen a significant increase in equity. This equity can be used as a deposit for a new property, helping you expand your investment portfolio.

Why Choose Easiloans?

Choosing the right partner for your refinancing journey is crucial. Here’s why Easiloans stands out:

Expert Guidance: Easiloans Finance offers expert financial advice tailored to your specific needs. Their experienced brokers understand the market and can help you navigate the complexities of refinancing.
Competitive Rates: As a well-established mortgage broker, Easiloans has access to a wide range of lenders and can secure competitive rates that might not be available through direct lenders.
Personalised Service: Easiloans provides a personalised approach, ensuring that you get the best possible terms for your refinancing. They work closely with you to understand your financial situation and goals.
Hassle-Free Process: Refinancing can be daunting, but Easiloans Finance makes it simple and stress-free. They handle the paperwork and negotiations, saving you time and effort.
No Cost Mortgage Review: There is no cost to you for the mortgage review service. Easiloans Finance will evaluate your current mortgage and provide options without any upfront fees, making it a risk-free opportunity to potentially save thousands.

When to Refinance?

Timing is crucial. Here are some situations when refinancing makes sense:

Interest Rates Drop: If current rates are at least 1% lower than your existing mortgage rate, it is worth considering.
Improved Credit Score: A higher credit score since you first took out your mortgage can qualify you for better rates.
Increased Equity: If your home’s value has increased and your equity has grown, you might qualify for better interest rates. This is known as "rate for risk"—the lower the Loan-to-Value Ratio (LVR), the cheaper the rate.
Financial Changes: If your financial situation has improved, you might qualify for a loan with better terms.

How to Refinance with Easiloans?

Check Your Credit: Ensure your credit score is in good shape to qualify for the best rates.
Consult Easiloans: Contact Easiloans to discuss your refinancing options and get expert advice.
Compare Offers: Easiloans Finance will help you compare offers from multiple lenders to find the best terms.
Calculate Costs: Consider the costs associated with refinancing, such as discharge costs and fees. Ensure the savings outweigh these expenses.
Submit Application: Complete the application process with the help of Easiloans Finance, ensuring all necessary documents are in order.

The Bottom Line

Refinancing your mortgage might seem like a hassle, but the potential savings make it worth the effort. A simple phone call to Easiloans can set the process in motion. Spend 10 minutes to enquire about refinancing options—you could end up saving thousands of dollars in the long run. Do not let this opportunity pass you by.

Make the call today and take control of your financial future with Easiloans .

Easiloans Interest Rate Update June 2024

Sat, 22 Jun 2024 09:31:12 GMT

Easiloans Interest Rate Update June 2024

Cash rate holds again

Borrower Relief: RBA makes cash rate decision

Following the June monetary policy meeting, the Reserve Bank of Australia (RBA) has decided to hold the cash rate at 4.35 per cent for the 4th consecutive month.

In the Statement by the Reserve Bank Board following the decision, the RBA noted the economic outlook "remains uncertain and recent data have demonstrated that the process of returning inflation to target is unlikely to be smooth."

"Inflation is easing but has been doing so more slowly than previously expected and it remains high. The board expects that it will be some time yet before inflation is sustainably in the target range. While recent data have been mixed, they have reinforced the need to remain vigilant to upside risks to inflation.

The RBA has reiterated that it will continue to rely on emerging data and the evolving assessment of risks.

"In doing so, it will continue to pay close attention to developments in the global economy, trends in domestic demand, and the outlook for inflation and the labour market."

For further information call easiloans .

Perth to pass the $1M mark within 3Y's - May 2024

Sat, 18 May 2024 09:29:44 GMT

Easiloans Dual Income Properties

House prices in Perth have now soared again to a record median of $742,390, the steepest quarterly increase in three years according to a new report released on Wednesday.

Domain’s House Price Report for the December 2023 quarter reported unit prices also continued to grow for the third consecutive quarter, producing the fastest quarterly gain since March 2021. For further information call easiloans .

At easinvest , we suggest this may well be the answer to rapid wealth creation or a debt/mortgage reduction strategy we have seen in decades. Perth is more affordable than the eastern states and has a huge unsatisfiable thirst for rental properties pushing rental returns up to levels never seen.

Now or Never!

Given the current market conditions in WA, the time has never been better to invest in WA property, the numbers don't lie.

Whilst all boats rise in the tide, there are actual differences in property and why you would buy one over another.

Affordability is paramount to stress free investing. Our preferred vehicle is Dual Key / Occupancy properties due to the double income.

Rental demand in WA is at critical levels. There are less than 1% of rental properties available. Never has the pressure for rental housing been so severe. This translate to excellent returns for Investors and this trend will go on for many years ahead.

What is a Dual Key Property

Dual key / Occupancy property refers to a residential property that is designed to accommodate two separate and self-contained dwelling units on a single lot of land. These dwellings are typically connected by a common wall or structure, and each unit has its own separate entrance, living spaces, kitchen, bathroom, and bedrooms.

Benefits of Dual Key

Unlock the potential of Dual Key/Occupancy homes, designed to maximise rental returns. Follow the link for further information.

Gibbings Property Pty Ltd (ACN 632 178 637) t/as easi loans is a Licensed Finance Broker and an Authorised Corporate Credit Representative (CRN 50869) of Vision Aggregation (ACL 388570).

Disclaimer: easi loans does not provide financial advice and encourage you to seek advice from a licensed Financial Planner or your Accountant.

Easiloans Interest Rate Update May 2024

Tue, 07 May 2024 12:43:56 GMT

Cash rate holds steady again

Borrower Relief: RBA Maintains Cash Rate

Highl y anticipated t he Reserve Bank of Australia (RBA) have decided to to maintain the cash rate at 4.35%.

However, industry experts like easiloans suggest that if the predicted rate cuts by major banks occurs, borrowers later this year (2024) could witness substantial savings in their repayments and interest payments over the next eighteen months.

Anytime is a good time to review your home and investments loan as Lenders are s hifting interest rates outs ide of t he RBA decisions constantly. Finding a better interest rate could save you thousands.

For further information call easiloans .

Easiloans Interest Rate Update April 2024

Thu, 18 Apr 2024 08:56:34 GMT

Cash rate holds steady

Borrower Relief: RBA Maintains Cash Rate

The Reserve Bank of Australia (RBA) recently concluded its third meeting of the 2024 year, maintaining the cash rate at 4.35%. However, industry experts like easiloans suggest that if the predicted rate cuts by major banks occurs, borrowers could witness substantial savings in their repayments and interest payments over the next eighteen months.

A cash rate reduction typically triggers a decrease in variable home loan interest rates offered by banks and lenders. This prompts the question: what could this mean for home loan borrowers in terms of potential savings and how much could they actually save? . For further information call easiloans .

Easiloans Interest Rate Update March 2024

Tue, 19 Mar 2024 04:47:04 GMT

Cash rate holds steady

Borrower Relief: RBA Maintains Cash Rate

The Reserve Bank of Australia (RBA) recently concluded its second meeting of the 2024 year, maintaining the cash rate at 4.35%. However, industry experts like easiloans suggest that if the predicted rate cuts by major banks occurs, borrowers could witness substantial savings in their repayments and interest payments over the next eighteen months.

Inflation Rate Drops

Wed, 28 Feb 2024 05:11:57 GMT

Inflation Rate stable at 3.4%, getting closer to RBA target

Inflation remains on course towards the Reserve Bank of Australia's target of 2% to 3%, registering at 3.4% in the latest monthly Consumer Price Index (CPI) data—the lowest observed level since November 2021.

The Australian Bureau of Statistics released the CPI figures for the 12 months ending January 2024, indicating a consistent 3.4% rate.

Housing (+4.6%), food and non-alcoholic beverages (+4.4%), alcohol and tobacco (+6.7%), and insurance and financial services (+8.2%) were identified as the major contributors to the annual inflation increase in January, according to ABS.

ABS's Head of Prices Statistics, Michelle Marquardt, highlighted that CPI inflation tends to be influenced by items with volatile price changes such as automotive fuel, fruit and vegetables, and holiday travel. Marquardt suggested excluding these items from the headline CPI to reveal a more stable view of underlying inflation.

After excluding the volatile items from the monthly CPI indicator, the annual rise decreased slightly to 4.1%, down from 4.2% in December.

Marquardt noted, "Annual inflation, when excluding volatile items, has been on a decline since reaching its peak of 7.2% in December 2022." . For further information call easiloans .

Easiloans Interest Rate Update February 2024

Tue, 06 Feb 2024 09:17:21 GMT

Breaking News

Cash rate holds steady

Borrower Relief: RBA Maintains Cash Rate Amid Economic Uncertainty

easiloans cites the Reserve Bank of Australia (RBA) has confirmed the retention of the official cash rate at 4.35% , offering relief to borrowers. Despite the unchanged rate, concerns over economic uncertainty persist for the RBA.

The RBA's first monetary policy meeting of 2024, under its new process regime following the RBA review, took place today. The board will now convene eight times a year instead of the previous 11, with meetings spanning two days. Notably, this marked the first Monday meeting in the RBA's history.

In its post-meeting statement, the RBA acknowledged encouraging signs but emphasized the lingering economic uncertainty, expressing a keen focus on inflation risks. The board's top priority remains restoring inflation to target within a reasonable timeframe, aligning with the RBA's mandate for price stability and full employment. For further information call easiloans .

$300,000 to assist builders in completing homes.

Thu, 04 Jan 2024 09:47:36 GMT

Western Australia's government has implemented a new plan offering interest-free loans of up to $300,000 to assist builders in completing homes.

To alleviate the housing crisis in Western Australia, companies engaged in construction will now have the opportunity to secure interest-free loans, with a maximum limit of $300,000, to assist in the completion of homes that have been left unfinished. This initiative, designed to address the construction delays exacerbating the state's housing challenges, comes in response to the difficulties faced by many builders in meeting project deadlines.

The Treasurer of Western Australia, announced that a total of $10 million will be allocated for these interest-free loans, specifically targeting hundreds of home builds that commenced more than two years ago. The aim is to break the deadlock caused by cash flow issues hindering builders from completing homes and leaving homeowners in a state of limbo.

Acknowledging the stagnation in the completion of homes and the resultant challenges faced by homeowners, the Treasurer emphasised the need for a strategic intervention. The loans will be administered through a program overseen by the Small Business Development Commission, focusing on supporting small to medium-sized builders. The government anticipates that this financial assistance, distributed in instalments with a maximum cap of $60,000 per property, will facilitate the completion of the so-called "stranded homes" within the next eight months.

To be eligible for the interest-free loans, builders must have been in business for over four years. The government is now accepting expressions of interest from qualified builders, marking the beginning of a new initiative aimed at expediting the housing construction process and providing relief to both builders and homeowners affected by the prolonged delays.

easiloans specialise in construction loans, If you need any advice about you current situation or wish to engage in a new building project, cali us for all the advice you'll need.

Easiloans Interest Rate Update November 2023

Tue, 07 Nov 2023 04:38:52 GMT

Breaking News
RBA calls Cup Day rate decision

On Cup Day, the Reserve Bank of Australia (RBA) revealed its official cash rate decision for November.

The RBA has chosen to raise the official cash rate by 0.25 percent, elevating it from 4.1 percent to 4.35 percent.

This rate hike comes after a sequence of four consecutive holds, which started in July 2023, and marks the highest point the cash rate has reached since November 2011. Contact us .

Four Reasons SMSF Property Investment Is Experiencing A Boom

Sun, 22 Oct 2023 03:11:50 GMT

Set yourself up for a great retirement

Self Managed Superannuation (SMSF) is often overlooked as an investment strategy using property. Unlock Your Financial Future by Discovering the Power of Property Investment in Self-Managed Superannuation

According to the latest data from the Australian Taxation Office (ATO), more than 2.2 million Australians are property investors, constituting 20% of the entire population. This upward trajectory in property investment shows no signs of waning, providing statistical evidence that a substantial portion of Australians prioritise property investments.

For many Australians, Self-Managed Super Fund (SMSF) property investment has become the favored strategy over conventional property investment. But why is this the case?

The answer is straightforward: SMSF property investment offers attractive rental returns within the superannuation structure, effectively bolstering an individual's superannuation balance for retirement.

According to the ATO, there are currently over 600,000 SMSFs collectively investing over $40 billion in residential real estate. Still curious about the rationale behind this preference for SMSF property investment?

Tax Advantages: SMSF property investors enjoy substantial tax benefits, as they are subject to a mere 15% income tax on SMSF properties, in stark contrast to non-SMSF properties that may be burdened with taxes of up to 45%.

Increased Buying Power: The flexibility of SMSFs, which can accommodate up to six members, means that capital can be pooled together, effectively amplifying the purchasing power of the SMSF.

Reduced Capital Gains Tax: Investment properties held within an SMSF also benefit from a reduced Capital Gains Tax rate of only 10% for properties held for more than 12 months.

Direct Ownership and Control: SMSFs are the sole superannuation structure that permits investors to directly own property and have direct control over their investment.

Currently, SMSF property investors are limited to specific property types, including established properties, townhouses, apartments, and commercial real estate. However, through One Contract Property, SMSF property investors can leverage their superannuation funds to invest in new houses and land developments across Australia.

These new property types encompass houses, dual-living setups, duplexes, co-living arrangements, and those catering to the National Disability Insurance Scheme (NDIS).

Unlock the possibilities of SMSF property investment today; call the easiloans team for further information.

Interest Rate Update August 2023

Tue, 01 Aug 2023 05:42:37 GMT

Breaking News
RBA reveals August cash rate

The official cash rate remains unchanged, giving homeowners a further reprieve from higher interest rates.

Releasing its decision on Tuesday afternoon, the Reserve Bank of Australia confirmed that the OCR would stay at 4.10%, while the interest rate on exchange settlement balances remained at 4%.

It marks the third pause this year and follows 4 percentage points of rate rises over 15 months, in what economists have referred to as the most aggressive rate change cycle in 30 years.

If you wish to discuss with easiloans the implications of this news on your personal finances, please feel free to contact us.

Interest Rate Update June 2023

brett.gibbings@gmail.com (Brett Gibbings) — Tue, 06 Jun 2023 08:56:00 GMT

Breaking News
RBA reveals June cash rate

This decision to increase the rate to 4.10 % is driven by the April Consumer Price Index, which climbed from 6.3% to 6.8%.

Additionally, concerns have been raised regarding the impact of the Fair Work Commission's recent announcement of a 5.75% increase to the minimum wage, which has raised apprehensions about its signaling effect.

If you wish to discuss the implications of this news on your personal finances, please feel free to contact us.

Interest Rate Update

Tue, 04 Apr 2023 04:59:35 GMT

RBA makes April 2023 cash rate call

In its monthly cash rate decision for April, the Reserve Bank of Australia (RBA) opted to break its streak of 10 consecutive rate hikes and maintain the official cash rate at 3.60 per cent.

This decision comes after the RBA held the cash rate steady for the first time since April 2022, when it was at a record low of 0.1 per cent.

Governor Philip Lowe stated that the RBA is aware of the lag time in monetary policy and wants to assess the impact of previous interest rate hikes before making further decisions. This decision follows Mr Lowe's suggestion in March that the RBA may pause interest rate increases to evaluate the state of the economy.

Where are your home loan rates at? Call easiloans for an interest rate check and see if you can do better.

100% Funded Home Loan

Tue, 07 Mar 2023 10:34:40 GMT

Own Sooner! Don't wait to save a massive 20% deposit.*

Want a new home or investment property?

It's possible for most to get started now.

Take me straight to the info

If you have access to around $20,000+ 1 , for Government & Lender costs, we can conditionally pre-approve your application and start the process with you. In most cases properties can be funded to 100% of the property value. Yes! $0 deposit. Get started now with your new Home or investment.

Please complete the following form and we will contact you promptly with further details.

No Lenders Mortgage Insurance | Competitive mainstream interest rates | No Risk Fees | No Hassles

(don't forget you will need your purchase and fund/loan facility costs)

1 $20,000 may vary in accordance with the home value and state. This is not an offer for finance and is subject to application. Application, Statutory & Lenders fees apply. 2 Subject to property value, location, and lender acceptance

Example considers an Owner Occupied purchase in QLD for $450,000 and would require circa $20K contribution, subject to change without notice.

Enquire Today

Easiloans RBA's 10th Consecutive rate Rise

Tue, 07 Mar 2023 10:14:35 GMT

RBA's 10th Consecutive rate rise

Here we go again!

After determining that inflation needed to be contained, the Reserve Bank of Australia raised Australia's cash rate by 25 basis points to 3.60% and the interest rate on exchange settlement balances by the same amount to 3.50% this afternoon.

This decision on Tuesday marks the 10th consecutive increase in the official cash rate by the Reserve Bank since May 2022, in line with market expectations that back-to-back hikes would continue in March.

RBA governor Philip Lowe acknowledged that global inflation remained "very high" and, while headline inflation was decreasing, services price inflation remained elevated in many economies. Lowe noted that it would take some time for inflation to return to target rates, and the outlook for the global economy remained subdued, with below-average growth expected for this year and next.

If you have concerns about your interest rates, call easiloans for a loan review and see what can be done to assist with a lower rate. 0447 136 761

Easiloans Interest Rate Update 9/2/23

Sun, 12 Feb 2023 07:35:10 GMT

Is your home loan making you feel sick?

The Reserve Bank of Australia (RBA) has announced a 0.25% rise in interest rates, resulting in another financial blow to Australians. This marks the ninth time the RBA has raised rates and the increase was decided during the board's first meeting of the year. The cash rate target has now risen from 3.10% last month to 3.35% (Feb 8th, 2023).

In the coming year, Australians should prepare for higher interest rates. As a result of the Reserve Bank of Australia raising the cash rate to 2.85%, major banks have revised their interest rate predictions.

Westpac forecast predicts rates will peak in May 2023, the ANZ forecast predicts 3.6%, and the NAB forecasts 3.1%. The CBA predicts an annualized rate of 3.10%.

This follows seven consecutive months of interest rate hikes to curb inflation, currently at 7.8%, the highest since 1990. To manage the effects of higher interest rates, many borrowers may consider refinancing to secure a more competitive rate, often saving borrowers $1,000's annually.

However, it's important to consider all aspects of the loan and work with a professional to find the best option . Easiloans can also assist new home buyers in understanding loan features and navigating the market.

Easiloans say that if your interest rate is +5% pa, then you need an immediate review to get it near the below 5%+ pa. range or even less.

Interest is calculated daily, so every day is costing you more than it needs to. Act today, call Easi loans on 1300 956 200 for a complimentary review of your loans and start saving.

New home loan launches for urban areas and transport hubs

Thu, 14 Jul 2022 04:47:05 GMT

Only 2% Deposit for eligible Apartments

Today (13/7/2022) Keystart launched the Urban Connect Home Loan pilot which will provide 300 home loans to Western Australians to buy medium and high-density homes close to transport hubs and in urban locations across 189 suburbs in the greater Perth area.

The first of its kind in Australia, this home loan is specifically designed to make medium and high-density living more accessible and support the Western Australian Government's infill priority.

The Urban Connect Home Loan will be accessible to Western Australian singles earning up to $180,000 a year to purchase a home for $550,000 or less, and couples and families with a combined income of up to $200,000 a year to purchase a home for $650,000 or less. People can purchase apartments in medium and high-density buildings which have a minimum of two bedrooms.

The property price and income limits ensure access to medium and high-density homes in locations close to transport and urban activity centres, providing additional options for people to purchase apartments close to urban centres and selected rail transport hubs to better suit their needs.

Call the Easiloans team for further information. Easiloans is an accredited Mortgage Broker for Keystart.

New Australian Government Home Guarantee Scheme place released

Wed, 06 Jul 2022 07:14:26 GMT

New Australian Government Home Guarantee Scheme place released.

Attention First Home Buyers

The Australian Government has released 40,000 new places under the Federal Government Home Guarantee Scheme (HGS).

From 1 July, 40,000 new places under the Federal Government’s Home Guarantee Scheme (HGS) will become available to help Australians to buy their own home.

The Home Guarantee Scheme comprises the First Home Guarantee (FHBG), previously known as the First Home Loan Deposit Scheme, and the Family Home Guarantee (FHG).

The number of places available through the First Home Guarantee increases from 10,000 to 35,000 per financial year, while the Family Home Guarantee will have an annual allocation of 5,000 places from 1 July 2022 until 30 June 2025.

The Home Guarantee Scheme, which is administered by the National Housing Finance and Investment Corporation (NHFIC), has helped more than 61,000 Australians purchase, or build a home.

NHFIC anticipates making 50,000 new Scheme places available to eligible homebuyers in the year ahead, including 10,000 places in the Australian Government’s announced Regional First Home Buyer Support Scheme.

Under the First Home Guarantee, an eligible first homebuyer can purchase a property with a deposit of as little as five per cent, while through the Family Home Guarantee a single parent with dependents can purchase a home with a deposit of as little as two per cent.

To provide homebuyers with greater access to the property market, Scheme property price caps have increased for both cities and regions. Contact Easiloans for no obligation guidance and to see what Lenders you may qualify with.

Applications for Guarantees can be made through Easiloans. More information, eligibility requirements and how to apply can be accessed.

7c85f975

Easiloans Mortgage Brokers Interest Rate Update Nov. 2024

RBA delivers November cash rate decision

Easiloans Mortgage Brokers Interest Rate Update Oct. 2024

RBA delivers October cash rate decision

Easiloans Mortgage Brokers Interest Rate Update Sept. 2024

RBA delivers September cash rate decision ﻿

Homeownership, Without a Traditional Deposit

Shared home ownership is an option

Easiloans Mortgage Brokers Interest Rate Update August 2024

RBA cash rate stays put

Explore your refinance options | Why, What, When - Jul 2024

Explore your finance options ﻿

Easiloans Interest Rate Update June 2024

Easiloans Interest Rate Update June 2024

Cash rate holds again

Perth to pass the $1M mark within 3Y's - May 2024

Easiloans Dual Income Properties

Easiloans Interest Rate Update May 2024

Cash rate holds steady again

Easiloans Interest Rate Update April 2024

Cash rate holds steady

Easiloans Interest Rate Update March 2024

Cash rate holds steady

Inflation Rate Drops

Inflation Rate stable at 3.4%, getting closer to RBA target ﻿

Easiloans Interest Rate Update February 2024

***Breaking News***

Cash rate holds steady

$300,000 to assist builders in completing homes.

Western Australia's government has implemented a new plan offering interest-free loans of up to $300,000 to assist builders in completing homes.

Easiloans Interest Rate Update November 2023

***Breaking News*** RBA calls Cup Day rate decision

Four Reasons SMSF Property Investment Is Experiencing A Boom

Set yourself up for a great retirement

Interest Rate Update August 2023

***Breaking News*** RBA reveals August cash rate

Interest Rate Update June 2023

***Breaking News*** RBA reveals June cash rate

Interest Rate Update

RBA makes April 2023 cash rate call

100% Funded Home Loan

Own Sooner! Don't wait to save a massive 20% deposit.*

Easiloans RBA's 10th Consecutive rate Rise

RBA's 10th Consecutive rate rise

Easiloans Interest Rate Update 9/2/23

New home loan launches for urban areas and transport hubs

Only 2% Deposit for eligible Apartments

New Australian Government Home Guarantee Scheme place released

New Australian Government Home Guarantee Scheme place released.

Attention First Home Buyers

RBA delivers September cash rate decision

Explore your finance options

Inflation Rate stable at 3.4%, getting closer to RBA target

Breaking News

Breaking News
RBA calls Cup Day rate decision

Breaking News
RBA reveals August cash rate

Breaking News
RBA reveals June cash rate