Iden Money wins Cannex 5-Star Rating

Iden Money home loan products has received an official CANSTAR CANNEX 5 Star Rating for Outstanding Value ahead of its competitors including major players in the market. The products that won the 5-star are: 

         – Offset 1 Year Fixed
         – Offset 2 Year Fixed
         – Offset 3 Year Fixed
         – Offset 5 Year Fixed
         – Investment Offset 1 Year Fixed
         – Investment Offset 2 Year Fixed
         – Investment Offset 3 Year Fixed
         – Investment Offset 5 Year Fixed 

Click on the “Downloads” menu to view our products and rates that can be easily downloaded on your computer.  

If you have any questions or you would like to book a no-obligation appointment with one of our staff, call our hotline 02-8844 8989 or email marketing@idenmoney.com.au  

Source: http://www.canstar.com.au/

Big banks no longer dominate fixed rate pricing

The other interesting observation that can be made from a review  of the Infochoice data is that the big banks no longer dominate the pricing of fixed rates. For many years it was assumed that the big banks were the natural price leaders in the fixed rate segment because they could use their big treasury operations to get the best swap prices
when they put a fixed rate contract in place. Read More »

CBA tips mortgage rates to rise

Commonwealth Bank of Australia’s (CBA) competitive pricing on mortgages helped it gain 21.9% of the mortgage market in 2009, but chief executive Ralph Norris has warned interest rates could rise.

“There’s no doubt we will reprice where necessary, we have to do what’s right on a commercial basis,” Norris said during the bank’s full year results briefing. Read More »

Looking for home loan specials?

What are home loan specials?

Home loan specials can be considered as promotional offers or packages that applicants could avail when applying for home loans. Although offered by most financial institutions, not all lenders have home loan specials.

Because of the big impact of home loans on the financial situation of applicants, banks and financial institutions have crafted a way by which people could get the best deals when it comes to such loans. Thus, the birth of home loan specials. Read More »

Westpac, NAB hike fixed rates

Commonwealth Bank is not the only one to increase is interest rate.  Another two major banks, Westpac and NAB have increased their fixed rate mortgages yesterday.

Effective today, Westpac’s fixed rate loans will rise by between 10 and 50 basis points. The hike will take its three year fixed rate mortgage to 6.59 per cent – just 10 basis points behind CBA, who pushed up its fixed rates yesterday. Read More »

Bad news for first home buyers as ‘mum and dad bank’ closes doors

New research conducted by St George has found about half of all parents with adult children are now no longer willing or able to provide the same level of support to their children as they have in the past.

According to the survey 70 per cent of baby boomers said the financial crisis had eroded their assets’ value while 71 per cent said they were concerned about their financial situation. Read More »