How an interest rate drop can benefit home buyers AND home owners this year
Find out how you could score up to $4,000 cashback on a new home loan or when you refinance.
Sponsored by IMB. When you take out a new home loan or refinance with IMB, you could score up to $4,000 in cashback* – as well as a competitive interest rate too. To find out more, visit the IMB website today. T&Cs apply. Offer available until withdrawn.
With the RBA cutting interest rates, there are changes on the horizon for Australian home loans. Here's how you could benefit!
1. You could score a cashback and a low interest rate
One of the benefits of the RBA lowering rates is that banks often pass on the savings to people holding home loans.
🔔At the moment, IMB is currently offering competitive interest rates across its home loan range.🔔
Additionally, if you take out a new home loan or refinance with IMB (more on both in a moment), you could also score a cashback of up to $4,000!*That can help you free up funds for things like new furniture, moving costs – or even just paying the loan off quicker.
2. You could be in a better position to purchase your first home
Lower interest rates mean lower home loan repayments.
This can mean it's more affordable – and realistic – for you to buy your first home.
Tools like the IMB Home Loan Repayment Calculator can help provide insights into whether you can afford a home loan now that interest rates have dropped.
Additionally, loan features such as extra repayments and offset accounts can help you pay the loan back sooner.
IMB offers extra repayments, offset accounts and other loan features across a selection of its home loans.
3. It could be a great time to refinance an existing home loan
If you've already got a home loan, refinancing at a lower interest rate can potentially have several benefits:
- Consolidating debt
- Reducing repayments
- Allowing the loan to be repaid sooner
IMB offers a range of refinancing options through its home loans.
Better loan features may be available, too.
For example, if you've made additional repayments and need funds in an emergency, you can use a home loan's redraw feature to free up some cashflow.
Learn more about getting your home loan with IMB
Sponsored by IMB. When you take out a new home loan or refinance with IMB, you could score up to $4,000 in cashback* – as well as a competitive interest rate too. To find out more, visit the IMB website today. T&Cs apply. Offer available until withdrawn.