Ocean Home Loans - Recent Posts - page 4

Interest Rates stay at 1.5% – Property Market still Buoyant

There was no spring-cleaning happening at the Reserve Bank of Australia. As expected, the Board decided to keep official interest rates on hold at the record low 1.5%pa. Nevertheless, dusting off the...

How home loan redraw works and why it’s a handy loan feature

It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why: The redraw facility explained A redraw facility lets you make additional repayments to r...

RBA Still on Hold – Interest Rates Remain at 1.5%

No doubt the Reserve Bank of Australia’s lunchtime meeting on the first Tuesday of every month is more exciting than the announcement that is made at 2:30pm. However, from an outsider’s point of view...

Interest Rates Remain on Hold with no Movement in Sight

“Stable and unwavering.” Not a campaign slogan, although it could be the current motto of the Reserve Bank of Australia’s monthly meetings to discuss the official cash rate. Once again, the board has...

How an Offset Account Could Cut Years off your Home Loan

Looking for ways to pay off your mortgage in record time? Whether you’re a seasoned investor or buying your first home, an offset account can help you reduce interest payments, save on tax and pay yo...

No movement as interest rates remain on hold

There was no movement at the station – the monthly meeting of the Reserve Bank of Australia today produced no surprises, as the Board left the official cash rate on hold at a record low 1.5%. In fact...

Steady as she goes – RBA keeps interest rates on hold

The first few months of 2017 has seen the RBA forming a holding pattern on interest rates – the cash rate remains at the record low of 1.5%. While economists speculate about when (and what) the next ...

7 Steps to Purchasing an Investment Property

If you’re interested in purchasing an investment property, it can be hard to know where to start. Here are seven tips to help get the ball rolling: Make a plan and stick to it The property itself isn...

How to Pay off your Home Loan Sooner

Are you looking for ways to save on your home loan? Following these simple tips will put you on the path to paying off your loan sooner or if your goal is to purchase an investment property, creating...

No surprises as interest rates stay at 1.5%

The Reserve Bank of Australia (RBA) has met today, and their decision has seen the board keep interest rates on hold at a record low-level of 1.5% for the sixth consecutive meeting. This was no surpr...