Published on November 10, 2010 by Technology Slice
Commonwealth Bank Customers Leaving In Droves – An extra 40 staff had to be drafted to field calls from customers wanting to leave the bank or find out details of the impact of its decision to increase the rate on its home loans by 0.45 per cent. Between 20 and 25 extra staff are still [...]
Tags: 48 Hours, Commonwealth Bank Customers, Droves, Extra, Fitzgerald, Home Loan, Home Loans, Inquiries, Melbourne Cup, News Com Au, Rate Increase, Spikes, Spokesman, Telephone Operators, Torrent, Ugly, Unprecedented Resources
Posted in Money
Published on June 23, 2010 by Technology Slice
Opposition Leader Tony Abbott took out a new $710,000 mortgage on his family home shortly after going into Opposition, partly to help fund his family expenses after losing his ministerial salary. But in what appears to be a breach of the parliamentary rules covering MPs’ pecuniary interests, he failed to declare the loans to Parliament [...]
Tags: Breach, Coalition Leader, Commonwealth Bank, Family Expenses, Forestville Nsw, Four Months, Home Loan, Members Interests, Mortgage Provider, Mr Abbott, Mr And Mrs, Opposition Leader, Oversight, Parliamentary Rules, Pecuniary Interests, Permanent Custodians, Private Schools, Spokeswoman, Three Daughters, Tony Abbott
Posted in Politics
Published on May 4, 2010 by Technology Slice
May: Reserve Bank Raises Interest Rate – Homeowners will pay about $50 a month more on their mortgages after the Reserve Bank hiked its cash rate for the third time in a row. A 25 basis point increase to the official rate adds about $50 a month to a $300,000, 25-year home loan, according to [...]
Tags: Australia, Basis Point Increase, Basis Points, Borrowers, Decade, Economic Contraction, Economists, Glenn Stevens, Home Loan, Interest Rate, interest rates, Mortgages, Reserve Bank Governor, risk, Third Time, Tipping
Posted in Money
Published on March 23, 2010 by Technology Slice
Westpac Wants To Increase Rates Again – Westpac is under financial pressure to impose more interest rate rises on its customers, the bank’s chief executive, Gail Kelly, has warned. But, in a private briefing to big shareholders, Mrs Kelly suggested that the prospect of a political backlash from Canberra could make it difficult to hit [...]
Tags: banks, Basis Points, Business Customers, Canberra, Chief Executive, Election Year, Federal Election, Home Loan, Interest Rate, Mrs Kelly, Offshore Fund, Opts, Political Backlash, Political Storm, Quarterly Earnings, Reliance, Shareholders, Speculation, Westpac
Posted in Money
Published on January 12, 2010 by Technology Slice
I’m hoping to refinance my home loan to a lower rate. I understand that applying for a new Loan is a “Hard Inquiry” that will lower my credit score, so I don’t want to apply unless I’m reasonably sure of being approved. What score range would I need to have?
Details:
Current Loan: $335,000 @ 6.125%
Current Score: 720
Tags: Credit Score, Current, Home Loan, Loan Rate, Loan Refinance, Open Question, Refinance Loan, Score Range
Posted in Money
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