No Deposit Home Loan

"The lowest two-year fixed rate the market has seen from a major bank since September 2003!"

Below 6% !!

Two year fixed rate home loan effective 17 November 2008 .

Phone now.

Call%Basic home loan offer available from Monday 17th November.

• NO application fee
• NO valuation fee ($500 paid toward cost of valuations. valuations up to $1 million are $220)
• NO ongoing fees
• FREE REDRAWS
• MINIMUM loan can be as low as $50,000
• Settlement fee only $250
• CAN be split into four separate accounts at NO additional charge (Note can only combine with basic or fixed)

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Citibank is decreasing all current variable interest rates by 0.65 percent effective Monday 17th November.

Updated interest rate sheet will be issued on Monday 17th November .

Also please stay tuned for the Citibank hot new to bank basic rate home loan effective Monday 17th November.

RAMS Basic Home Loan rate reduced to Call% p.a.

To ensure it continues to offer a cheaper alternative to the major banks, RAMS is today reducing its standard variable rate to just Call%.

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Childsplay Marine are a custom manufacturer of high performance circuit race boats, water ski race boats, social water ski boats and wake boarding boats.

Childsplay Marine's fully equipped boat racing and ski boat manufacturing facility is able to supply everything from a custom manufactured boat component to a complete "turn key" fully customised performance boat.

Contact Childsplay Marine for more information.

Heritage Building Society have very attractive fixed interest home loan options at present.

1 & 2 Year fixed currently Call%
3 & 5 Year fixed currently Call%

Unlimited lump sum payments (break cost applicable only if paid out in full)

Redraw available

Application fee $600, no additional cost to split loan facilities (legal and settlement fees will apply)

Effective 10th November 2008 Bankwest variable interest rate home loans will be changing.

• Bankwest Lite Home Loan
• Bankwest Lite Plus Home Loan
• Mortgage Shredder (excluding 12 Month Fixed Intro)
• Bankwest Easy Doc Home Loan
• Bankwest Seniors Equity Release
• Bankwest Equity Access
• Home Owners Loan

The variable rate on the above home loan products is reducing 0.60 percent.

AMP Banking have announced the full 0.75 percent RBA cut will be passed on to customers.

Variable Rate Loans - changes effective as detailed below

• All variable rate loans are decreasing by 0.75% pa
• Effective Sunday 16 November 2008 for new business
• Effective Monday 17 November 2008 for existing business
• Changes impact all variable rate loans and lines of credit, including Practice Finance, Adviser Register & CAPs Loans
• All variable rate changes will be advertised in The Australian on Thursday 13 November 2008

STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY

At its meeting today, the Board decided to reduce the cash rate by 75 basis points to 5.25 per cent, effective 5 November 2008.

World financial markets have remained turbulent over the past month. Global equity prices have been volatile and fell further in net terms, and there have been significant exchange rate movements, including a sharp depreciation of the Australian dollar. A number of governments have announced measures to strengthen their financial systems, which should help to stabilise conditions over time.

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Citibank announcement.

"Across Asia Pacific and in Australia we are reorganising Citi to make us a more efficient organisation so we can continue to grow.

This focus on improving efficiency and productivity has become essential given the challenges of the current economic and financial environment. It has meant re-looking at our business with a new lens and making decisions to invest in core businesses and products where we have the greatest potential for growth while reducing our activity in some others.

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News just in from GE Money;

As a result of the extreme volatility and greatly increasing cost of funds, on the global and local wholesale markets, a strategic business review has taken place. Effective Friday 24 October, GE Money Third Party Solutions will cease offering home loans through third party distribution partners; Mortgage Managers, Originators and Brokers in Australia.

Pipeline loans that are formally approved by 31 October 2008, will be processed in the normal way.

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Effective 27th October 2008 Suncorp will decrease variable interest rates on home loans by 0.21 percent.

Back to Basics – up to 100% LVR

Suncorp offer 0.10 percent discount off Back to Basics rate for all Full Doc loans of $250,000 or greater!!!

Features of the Back to Basics product

- No monthly account keeping fees

- No settlement fees

- Cashback (redraw) available

- Unlimited additional repayments

- Available for No Deposit, Family Equity, Construction & 100% Loans

- Application Fee $600 (includes 1 free valuation)

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Changes to Variable and Fixed Home Loan / Investment Home Loan Rates

The Commonwealth Bank today announced that it will cut its variable interest rate and fixed rates for home loans and investment home loans, as from Thursday 30 October 2008.

Interest rates for the following lending products (new and existing borrowings) will change from Thursday 30 October 2008:
Standard Variable Rates

• Standard Variable Rate (including Low Doc) - 0.21 percent
• 12 Months Discounted Variable Rate - 0.21 percent

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ING DIRECT will reduce all residential variable mortgage interest rates by 0.20 percent per annum effective from 31 October 2008.

Fixed rates for 3, 4 and 5 year terms will reduce effective from 24 October 2008.

Contact Ability Finance brokers using this email form or telephone 02 80024035 for information and assistance with choosing a suitable home loan.

Decrease to Standard Variable Rate

Effective Friday 31 October 2008

St.George Bank is reducing its Standard Variable Home Loan Rate by 0.21 percent. BankSA will be reducing its Standard Variable Home Loan Rate by 0.26 percent.

Both rate reductions are effective Friday 31 October 2008 for both new and existing borrowers.

These variable home loan interest rate reductions will come as a welcome relief to many Australian families.

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Home Loans - Interest Rate Changes

Variable Rate Loans (excluding Low Doc) - changes effective last weekend.
Decreasing by 0.80 percent pa
Effective Saturday 18 October 2008 for new business, Effective Monday 20 October 2008 for existing business
Changes impact all full documentation variable rate loans and lines of credit

All Loans with >95% - changes effective as detailed below
The margin that is applied to rates for loans with an LVR >95% is increasing by 40 bps

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Banks announce further home loan variable interest rate cut.

Most banks reduced their standard variable interest rates by 0.80 percent following the Reserve Bank of Australia lowering of the cash rate by 1 percent at the October 2008 meeting.

Certain banks have announced a further reduction to their standard variable home loan interest rates in the past few days of an additional 0.25 percent.

An important note to consider is that there are still differences between different banks and lenders standard variable home loan interest rate.

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ANZ has announced a decrease to interest rates for variable rate mortgages by 0.25 percent per annum as a first step in delivering on its promise to pass on interest rate cuts as global market conditions ease.

This variable home loan interest rate change is in addition to the decrease of up to 0.80 percent per annum announced last week.

The new lower variable home loan interest rates will be effective Monday 27th October 2008

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October 2008

At Ability Finance brokers it is still business as usual and we are maintaining as much independence as is possible at a time when many banks, lenders and other brokers are merging, closing their doors or completely withdrawing many home loan offers.

Some analysts are predicting that property prices may be driven up through demand created by the recent Commonwealth Governments “First Home Buyer Boost” where the $7,000 grant has been doubled to $14,000 for purchases of established dwellings and tripled to $21,000 for newly constructed dwellings.

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Following recent interest rate movements in the market, Commonwealth Bank is reducing its fixed interest rates on home loans and is lowering its Line of Credit Reference Rate by 0.80 percent.

Fixed interst rates are to be reduced by up to 1.55 percent effective Monday 20th October 2008

Contact Ability Finance brokers using this email form or telephone 02 80024035 for information and help with choosing a suitable home loan.

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