| Sports Betting Online |
New capped rate mortgage launched
19 May 2010 |
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| Mortgage manager Opportune Home Loans has launched a capped rate home loan, hoping to attract borrowers who want some protection from rising rates but do not want to give up the flexibility of a standard variable rate product. Capped rates are rare. Only one other lender, BankWest, is currently offering a capped rate product. BankWest launched its capped rate loan last September.The Opportune loan has a starting rate of 7.04 per cent, a premium of 10 basis points over its standard variable rate, and the current cap is 7.49 per cent for the first two years of the loan. Opportune managing director Paul Ryan said borrowers were put off fixed rate loans because they were inflexible – monthly payments cannot be varied, there is no redraw and no offset. Ryan said: “A capped rate loan gives borrowers the flexibility with some security.” Opportune, which operates 14 branches, is funded by NAB, FirstMac and Resimac. |
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| Source : Banking Day |
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| 31 May 2010 | - Bumper auction weekend |
| | - St George launch iPad App |
| | - Unplanned futures don’t look rosy |
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| 28 May 2010 | - Mortgage problems growing |
| | - Max Bourke didn’t find much debt |
| | - eBay to refund thousands of buyers |
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| 27 May 2010 | - ANZ cuts some fixed mortgage rates |
| | - Rate rises to cost $500 more per month |
| | - Card rates go up and up |
| | - St George, ANZ are customer favourites |
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| 26 May 2010 | - Savings tax discount hits hurdle |
| | - ANZ use Facebook to find debtors |
| | - Business customers still like St George |
| | - CBA, Westpac take business from NAB |
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| 25 May 2010 | - Commonwealth still rules the roost |
| | - Confusion reigns over first home savers. |
| | - Banks profit from ‘unfair’ fees |
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| 24 May 2010 | - Infochoice reveals savings say credit unions |
| | - More good auction results |
| | - Housing affordability plummets |
| | - Fifty fooled by scam Westpac site |
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| 21 May 2010 | - Police hunt fake Westpac website |
| | - Card skimmers target CBA ATMs |
| | - Smokers can cut 6 years from mortgage |
| | - Credit unions grab mortgage market share |
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| 20 May 2010 | - Visa’s big world cup plans |
| | - Competition continues to favour savers |
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| 19 May 2010 | - 90% LVR loans hard to come by |
| | - Check (both) your credit files |
| | - Charge cards – making a comeback? |
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| 18 May 2010 | - Rate rises bite into lending |
| | - Loan defaults lead to evictions |
| | - Fees on transaction accounts disappear |
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| 17 May 2010 | - Credit Unions customers most satisfied |
| | - Change your bad credit card now |
| | - Bank customers flock to class action |
| | - More good auction results |
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| 14 May 2010 | - Tax discount benefits low income earners |
| | - Buy a big block close to city |
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| 13 May 2010 | - Banks face penalty fee class action |
| | - First Home Saver Account confusion |
| | - Housing market cooling rapidly |
| | - SA land tax cuts save big $$$ |
| | - Greek debt puts Aussie rates on hold |
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| 12 May 2010 | - Tax on deposits slashed from 2011 |
| | - First Home Saver Accounts get better |
| | - House prices, interest rates head north |
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| 11 May 2010 | - Banks profit from crisis |
| | - Aussie banks to shrug off Greek crisis |
| | - Auction clearance rates stay high |
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| 07 May 2010 | - Westpac customers dissatisfied |
| | - 4.5 million choose credit unions |
| | - Home repossessions on the rise |
| | - High deposit rates set to come down |
| | - Debt weighing down Aussies |
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| 06 May 2010 | - 90,000 homeowners forced to sell up |
| | - Young people shelve home buying plans |
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| 05 May 2010 | - Big four pass on rate rise |
| | - More rate rises coming 2010 |
| | - Property prices and rates to go up |
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| 04 May 2010 | - RBA increases rates again |
| | - Rate rise expected today |
| | - Credit card rates go up |
| | - We are planning to pay off the card |
| | - Consolidation puts homes at risk |
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| 03 May 2010 | - RBA to wait and see on rates |
| | - Savings tax discount coming soon |
| | - Another bumper auction weekend |
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