The Reserve Bank of Australia (RBA) has delivered a pre-Christmas bonus to homeowners with a 75 basis point cut in official interest rates, and following suite, OzQuest Homeloans are NOW going to pass on the cut immediately to all Jamie Whincup Community Members, as we NOW have access to the cheapest interest rates in Australia, call us, or email us now to see if you fit the criteria of the cheapest interest rates in Australia.
We were expecting a rate cut, but this was bigger than expected, it takes the cash interest rate to 5.25 percent, and will shave around $175 per month from repayments on a $350,000 home loan. The official rate has not been at these levels since December 2003, and from some internal memo’s, the rate may even get cut again before DEC this year.
1800 166 266 or david@ozquest.com.au
*Please note: Information that is contained on the web site page should be used as a guideline only. You should seek advice from professional financial, legal and real estate specialists before purchasing a property and/or applying for a loan.
Displaying 1 to 5 of 5 replies
There have been 5 replies to this Discussion Topic:
Muz 2:28 pm November 5th 2008
Not that I am in the market for a Home Loan, but with further cuts expected in December, and possibly another cut following that, would it be better to hold off for another month?
OzQuest Homeloans 2:37 pm November 5th 2008
Hello Muz,
To answer your question, it wouldnt matter if you held off or not, unless you intend to fix your loan, as once you fix it for a period of say 3 years, that rate would not change for that Period.
But if you decided to go variable with us, no matter if the rate came down again or even went up, your loan with us would follow suit.
EG: if you have a Loan with OzQuest Homeloans and your rate was say 7.89% and the reserve bank dropped the interest rate by .5 base points, automatically the rate on your loan would drop as soon as the lender that you are with followed suit with the reserve bank. (7.39%) this example was based on a variable loan.
If anyone has any questions or queries about there Homeloan we are happy to help in any way, just drop us an email.
Muz 9:10 pm November 5th 2008
Thanks OzQuest HomeLoans, clearly makes sense lol.
Happy hunting!
Bec M 9:56 am November 7th 2008
Tooting your own horn HLM ???? lol
Now about a fujitsu car for sale……….. OzQuest stickers would look fab
OzQuest Homeloans 12:13 pm November 11th 2008
Thankyou to all who have emailed us, we aplogies if we havent responed to your email, but will by the end of today.
The Reserve Bank sure have bossted the interest in the First Home buyers Grants.
If you would like to know more about it please visit
http://ozquesthomeloans.com.au/index.php?option=com_content&task=view&id=29&Itemid=258
and we would be happy to help.
Thanks
http://www.OzQuestHomeloans.com.au