Results Home Loans
August 2024 Update
What’s been going on this month?
Stay current with Results Home Loans and any updates in the market
Rate Movements
As of 15 August 2024, RBA has decided to leave rates unchanged, keeping the Cash Rate at 4.35%.
RBA Cash Rate in August 2014 was 2.50%.
Westpac
Peak of 4.35% in November 2023, then dropping to 3.10% by December 2025
NAB
Peak of 4.35% in November 2023, then dropping to 3.10% by June 2026
CBA
Peak of 4.35% in November 2023, then dropping to 3.10% by December 2025
ANZ
Peak of 4.35% in November 2023, then dropping to 3.60% by December 2025
CURRENT INTEREST RATES FOR HOME OWNERS
Based on a $500,000 loan over a 30 year term at 80% LVR with Principal and Interest repayments.
CURRENT INTEREST RATES FOR INVESTORS
Based on a $500,000 loan over a 30 year term at 80% LVR with Interest Only repayments.
Lender Turnaround Times
As at 16/08/2024
Under 24 hrs
2 Days
3 + Days
Industry News
Exciting News: Bendigo Bank Loan Products Now Available!
We are thrilled to announce that we have expanded our offerings to include loan products from Bendigo Bank. This addition allows us to provide even more tailored solutions to meet the diverse needs of our clients.
If you have any questions or need further information on the new Bendigo Bank products, please don’t hesitate to reach out. We look forward to helping you and your clients find the perfect financing options!
We’re now able to off our clients asset & commercial finance with our partner Loan Options.
Other services we can offer your clients
We’re now able to off our clients business loans with Prospa.
Have you and your clients visited our Instagram?
See our latest posts >>
Client Success Story:
Robert Barwick
What the Client Needed:
- Wanted to refinance his mortgage with St. George, which had an interest rate of 8.81%.
- Wanted to change structure form a joint loan with his ex-partner and her mother as guarantor, to just himself.
- Had received a consent order with a 60-day deadline to transfer the property title solely under his name.
- Needed to consolidate multiple debts, including a credit card, car loan, and personal loan.
- Aimed to get on track with managing his debts.
What We Did:
- Researched lenders offering the most competitive interest rates.
- Ensured that the selected lender would accept multiple debt consolidations.
- Recommended Macquarie’s package product, which includes up to 10 offset accounts, allowing the client to keep savings while reducing the interest paid on the loan, and a free credit card.
- Successfully refinanced the mortgage to Macquarie at a lower interest rate of 6.14%.
Result: Client Feedback: “This is amazing, thank you so much! I really appreciate all the effort, especially with the short timeline, and I couldn’t be any happier with the outcome. I’ll be leaving a great review for sure! Will let you know if I have any questions 😊”
Thank You!
The value of a strong network and reliable partnerships cannot be overstated, and your referrals have not only brought us new business opportunities but have also reinforced the belief that we are on the right path to providing exceptional products and services to our customers.
So we wanted to take a moment to express our deepest appreciation for the outstanding support and collaboration we have received from you as our referral partner.
Your willingness to recommend our company to your own network speaks volumes about the trust you place in us, and we are honored to have earned such trust.
We truly appreciate the effort you put into every referral. Please know that we are always here to reciprocate your kindness and support. Should you ever require assistance or need a reliable partner for any venture, please don't hesitate to reach out to us.