Get a better deal from your back!
The RBA yesterday cut the official cash rate by 25 basis points to a record low of 1.5%.
All four majors have failed to pass on the full cut with CBA passing on 0.13%, ANZ passing on 0.12%, NAB passing on 0.10% and Westpac passing on 0.14% to its customers.
The reason given by the majors for not passing on the full cut was increased funding costs and higher regulatory and capital requirements. We think the real reason is banks feel their responsibility is to shareholders and not their customers.
Don’t let your bank treat you with contempt, there are great loan deals out there at the moment with home loans from as low as 3.8% and investment loans at 4.00%.
Call us today for a cost an obligation free appointment with a licensed mortgage broker to see what you could be saving in interest on your current loans 1300 426 073.