Compare N Save is a home loan comparison service brought to you by TAG Finance and Loans Pty Ltd – leading Australian home loan brokers.
Great Opportunity to Refinance your SMSF Loan - 12 May 2021
Until now, residential self-managed superannuation fund (SMSF) loans have been a poorly serviced segment with limited options and difficult approval processes. A new streamlined product has just been launched, promising low costs and low interest rates.
The current interest rate for the new SMSF residential loan starts from just 4.75% p.a. - variable or fixed.
The application fee is zero, the lender’s legal fee is zero if refinancing, the settlement fee is zero and there are no ongoing fees. The only fees to cover are the lender’s valuation (at their cost price of approximately $200) plus the standard government and statutory charges.
So if you have a residential SMSF loan, this is a great opportunity to refinance and save!
To find out more Let's Chat
ACCC urges you to review your home loans regularly - 12 Aug 2020
The ACCC’s Home Loan Price Inquiry found that consumers who do not regularly review their home loans could be paying too much. The interim report also stated that a lack of price transparency makes it difficult for consumers to compare home loans.
The report goes on to state that consumers with existing home loans should conduct a review on a regular basis and that consumers may need to switch to a different home loan product or switch to another lender in order to secure a better deal.
The ACCC encourages consumers to shop around when looking for a home loan, as even a small reduction in interest rates can potentially save thousands of dollars over the life of the loan. While not all lenders offer discounts and not all consumers will be eligible for a discount, consumers willing to review their loans can often obtain a lower rate.
In line with the ACCC’s findings and recommendations, click here to compare 100s of loans to save $1,000s and when you’re ready to proceed, we’ll manage the entire application process for you.
RBA Slashes the Cash Rate - 3 Nov 2020
The Reserve Bank of Australia has slashed the official cash rate by 0.15% to a record low 0.10%.
With historically low interest rates and cash back offers from a number of lenders, now is a perfect time to consider your options.
So how does your home loan rate compare? Click here and compare 100s of loans to save and when you’re ready to apply, we’ll manage the process for you.
HomeBuilder Grant – 8 Jun 2020
The Federal Government has announced a new stimulus initiative with the HomeBuilder Grant. The package provides a $25,000 cash grants to renovate your property or build a new home. Here are the details:
Applies to building contracts that were signed between 4 June 2020 and 31 December 2020.
Minimum of 18 years of age.
Individuals only, no trusts or companies.
No investors or owner-builders.
Singles earning $125,000 per year or less.
Couples combined income of $200,000 per year or less.
Minimum renovation cost $150,000.
New home builds to a max value of $750,000.
Existing home renovations where the existing property value is less than $1.5m.
Cannot be used for additions that are unconnected to the principal place of residence such as swimming pools, tennis courts, garages, sheds, etc.
To find out more visit the Australian Government Treasury website or contact us.
Loan Options in Uncertain Times – 3 April 2020
We hope you and your families are well and please know we are here to assist in all matters financial. As a consequence to the Australian Government’s measures to control the spread of COVID-19, many people are feeling the effects of reduced income. This is creating concern, particularly those with home and business loans.
The banks have been quick to respond and are providing relief in a number of ways. There is much media commentary about Repayment Pauses, unsecured loans to SMEs and other measures but little detail relating to eligibility, qualifying parameters, additional costs and potential consequences.
We encourage you to contact us if you have any questions, as we are well positioned to help guide you through the options and ensure you are best placed to secure your desired outcome. Listed below are the key areas we are here to assist you with:
- Loan Repayment Pause
- Negotiating a lower interest rate
- Restructuring your loan to Interest Only payments
- Extending the term of your loan
- Refinancing your loan for additional funds
Wishing you, your families and colleagues good health and safety and please don’t hesitate to reach out if we can assist.