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24 July 2008
  More than fourteen per cent of borrowers who have non-conforming loans are in arrears, a percentage that has stabilised over the last quarter. Total home loans .....
 

24 July 2008
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23 July 2008
 Term deposits more attractive than savings account
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 Australia needs more saving
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CreditMart recently undertook some analysis around interest rates on .....
 

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Tips & Tricks
Credit Cards
 
Not all credit cards are created equally. And so it makes it that much harder to decide which
 

Credit Cards
 Credit Card Balance Transfers
 Watch out for the 'revert rate' on balance transfer offers
 Watch for different interest rates on the one card
HomeLoans
 Don't compare against the so-called 'standard variable rate'
 Look out for 'deferred establishment fees'
 

Split Homeloans Selector Service

Institution Product
Name
Variable
Rate
(% p.a.)
Comparison
Rate
(% p.a.)*
Fees Loan
Value
Ratio (%)
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Sort by DESC
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Sort by DESC
Application ($) Valuation ($) Legal ($) Settlement ($)
You can further compare up to 3 products by checking the boxes and clicking the compare button    
IMB IMB Discount Split Home Loan 7.92% 9.32% $295   $313.5 $150 80%
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Lender
Liberty Financial Star 9.65%     $275 $550   90%
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Lender
   
 

* WARNING: This Comparison Rate applies only to the example or examples given. Different ammounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included on the Comparison Rate but may influence the costs of the loan.

This Comparison Rate is designed to reflect the total annual cost to a borrower of a loan. It wraps up interest payments and fees and expresses all these costs in one rate, or the average annual percentage rate (AAPR). On the CreditMart website, it makes comparisons between products easier, the comparison rates displayed in tables are based on uniform amounts and terms.

Home loan Comparison Rates on CreditMart are based on a loan amount of $150,000 and a term of 25 years.
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