Main Index
Related pages on this website:
Banks
Mortgages
Finance
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Current Australian mortgage rates:
Australian Standard Variable Mortgage rates at July 2008 :
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9.47% Westpac Bank. July rise not announced
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9.58% Commonwealth Bank of Australia from 14/7/08
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9.61% National Australia Bank. Announced on 15/7/08
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9.62% ANZ Bank from 14/7/08
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9.67% St George Bank. Announced 4th July 2008
Most banks can
discount the above rates by about 0.7% to selected borrowers, it always pays to
ask. You may be a "selected" borrower if your loan is over $250,000.
How Much Can you Borrow ?
That's a common question, so here are some links to help you find the answer,
but don't forget to also read the next section, Credit Cards & Mortgages.
Mortgage Calculators
Credit Cards & Mortgages
Mortgage lenders will take any Credit Card
"LIMITS" into account when you apply for a Mortgage. So, if you can, pay
off any balances, before applying, and have your card limit reduced to a few
hundred $ only.
In my experience, if you pay off the balance at
the end of each month, and therefore pay NO interest, the lender can often be
convinced to ignore that cards credit limit, but you need to be able to prove
it.
Most Bank Lenders will also offer you a credit
card, effective after the mortgage is done, and that limit is ignored in the
calculation.
Links
Mortgage Information
Comparisons
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Cannex -
an independent Financial Services Research Group
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Info Choice - A
web site to compare banks and their services
Mortgage Brokers
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