Thanks to regulations and changing financial backgrounds, the systems for lending money from a banking organisation have changed. In the past, the bank would offer the same variable or fixed rate loan to a prospective customer, regardless of whether you were purchasing the home to live in, or you were buying a property as an investment opportunity. However, there are so many changes happening now, that the banks are having to adapt the way that they price loans for customers.
Now, when you approach a bank for a home loan, you’ll find that you’re given different prices in terms of interest when it comes to buying owner-occupied, and investment homes. Due to these changes, it’s more important than ever to make sure that you have a financial expert on your side, helping to make sure that you’re getting the most out of your money.
Investment Home Lending Has Started to Slow
According to official figures released by the Australian Bureau of Statistics, the value of investor lending has fallen by around 1% since December 2016, with owner-occupied loans rising in value by around 1.3%.
Banks have been progressively stopping new loans and raising their interest rates to stop investor lending from taking place among would-be Australian homeowners. That means that whether you’re searching for a new home, or you’re looking for a way to get that first step on the property ladder, you could have more challenges today than ever before.
Not only are home prices rising, but it’s becoming increasingly difficult for bank customers to find loans and interest rates that they can reasonably afford. That’s why it’s so crucial to start working with a cash back home loan provider as quickly as possible.
We not only help you to find the best deal on the market for your specific circumstances, but we can also help to offset some of the costs that are coming with rising investment prices, by giving you cash back on your loan. With Home Loan Cash Back, you earn 50% of all the commissions that we’re given from the bank!
Big Australian Banks are All Raising Interest Rates
Today, all of the biggest banks in Australia have increased their home loan rates, which means that new and existing lenders will begin to pay more. Many of the new regulations for interest rates and loans will come into play this May, which means that now is the perfect time to start seeking help.
In an attempt to help Australian home-owners reduce the amount of damage that the changing regulation will cause to their finances, many experts are actually recommending that people seeking loans access professional assistance, and people with loans, switch to principal and interest deals.
How to Get the Best Deal on your Mortgage
Today, getting the best deal on your home loan is more difficult than ever before, but that doesn’t mean that it can’t be done. At Home Loan Cash Back, we’re devoted to giving you the very best deal on your home loans, no matter what it takes.
With us, you can find the best loans being offered by lenders in your area, and discuss your options with an award winning mortgage broker. On top of that, you have options to start reducing the amount that you pay, or at least earning more on your mortgage payments, with regular cash back.
We’ll not only give you 50% of the commission that we get from a bank when you sign up for your new loan, but we’ll also continue to share the trailing commissions with you every month too – at a 50/50 split!
