Home Loans & Mortgages

Big Bank wars tipped on exit fees to favour the mortgage borrower. The National Australia Bank  [NAB] is an also ran in mortgage home loan lending right now and wants to grab a bigger slice of the mortgage lending pie. What better way than to drop your interest rates? Well, they did that last year [...]

The deposit guarantee enjoyed by Australia’s banks for their customers deposits ended last year after comments by Reserve Bank of Australia’s [RBA] Governor Glenn Stevens were heeded.
Australia’s mortgage home loan finance costs were probably lowered as a result of the Government guarantee, and desposit customers concerned about any banks strength would have otherwise fled to other banks overseas that issued guarantees.