Home Loans & Mortgages

A price war in Australia’s mortgage home loan market is under way, with National Australia Bank following ANZ and Aussie Home Loans in reducing home loan interest rates.

Melbourne Australia’s Liberman family has entered the fledgling shared equity home loan business through a $25 million investment in an unlisted fund recently launched by Macquarie Bank-affiliated Rismark International. Its LJCB Investment Group has bought into the first of several planned Equity mortgage funds from which Rismark hopes to corner the shared equity home loan market. [...]

Westpac chief executive, Gail Kelly is not happy with Government plans to ensure that all Australians are free to move their mortgages, and has hit out at moves by the federal government to ban exit fees on home loans from July this year.
She claims that the forced abolition of the mortgage exit fees would in fact make it harder for smaller lenders to compete in the home loan market, without explaining why, and why she should care about Westpac’s competitors in the first place!

Rams Home Loans are advertising low rates again for business again with sharp rates, after a dire year due to the Global Financial crisi