Home Insurance

ING treats home-loan borrowers with rate cuts

ING cuts fixed rate mortgages ING DIRECT has dropped the interest rate on its two, three, four and five year fixed rate residential mortgage products, to 7.24 per cent p.a, 7.59 per cent p.a, 7.84 per cent p.a, and 7.94 per cent p.a respectively.

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RELATED: ING releases mortgage shortcut for Aussies keen to pay off their home loan faster While the rate cut is welcome news for Aussie borrowers after a trend of rate hikes from banks big and small,

Amid a slowing property market, ANZ has become the first major bank to cut variable rates for new home loan customers with sizeable deposits. The deal is open to borrowers who have a deposit of 20.

She said it is rare for banks to exclude existing borrowers from a rate rise. Other lenders have recently cut their lending rates for new borrowers. CBA, HSBC, ING and Westpac have. on discounts.

Hopefully, rates like these prompt borrowers unhappy with their bank to review their relationships. "Fixed rates provide certainty and peace of mind and low fixed rates can save borrowers money." Meanwhile, south australian-based lender homestart finance has announced two-year fixed rate mortgage cuts of up to 15 bps, effective from 1 April.

ING dropped a number of its owner-occupied home loan rates by 17 basis points. Coming into effect yesterday, ING will now offer customers of the Orange Advantage loan a rate of 3.64% and a rate of 3.59% for its Mortgage Simplifier P&I on loans of over $1 million (maximum LVR of 80%). BOQ

ING cuts fixed rate mortgages ING DIRECT has dropped the interest rate on its two, three, four and five year fixed rate residential mortgage products, to 7.24 per cent p.a, 7.59 per cent p.a, 7.84 per cent p.a, and 7.94 per cent p.a respectively.

Borrowers should be assessing the rates they are paying on their home loan. RateCity’s spokeswoman. Other lenders who are.

 · ”home loan rate cuts benefit fresh borrowers by reducing their total interest cost. For example, with SBI’s latest 25 basis points rate cut for home loans under Rs 30 lakh, a new home loan.

Good news for home loan borrowers as ICICI Bank has cut its home loan rates by 30 bps for up to Rs 30 lakh for new borrowers. With this reduction, salaried borrowers can avail home loans at among.

When Should Homeowners Refinance? Most people refinance when they have equity on their home, which is the difference between the amount owed to the mortgage company and the worth of the home. Tips for Consumers Refinancing their Homes – Some things to think about before deciding to refinance.

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