Tag: Home Loan
-
Couple loses home loan complaint over $50,000 break fee after fixed-rate decision
Summary of the case A couple who opted for a five-year fixed home loan in 2023 have had their complaint against their bank dismissed by the Banking Ombudsman. The decision, released as a case note this month, centers on the couple’s regret over fixing their rate and the substantial break fee they incurred when they…
-
Home loan break-fee dispute ends: couple loses ome ombudsman ruling
Couple loses home loan complaint after fixed-rate decision A couple who regretted fixing their home loan for five years in 2023 has not been successful in their complaint against their bank. The matter, recently detailed in a case note by the Banking Ombudsman, highlights the challenges some borrowers face when negotiating fixed-rate products and the…
-
Will Singapore’s Home Loan Rates Keep Falling in 2026? A Look at the 2026 Mortgage Outlook
Singapore’s Mortgage Rates at Three-Year Lows: A Brief Recap Mortgage rates in Singapore have slipped to their lowest levels in three years, providing relief to homeowners who’ve faced a tough financing environment in recent times. The drop aligns with global rate movements and the policy stance of major central banks, notably the United States Federal…
-
ASB and BNZ Raise Fixed-Rate Home Loans: What It Means for Borrowers
Overview: Fixed-rate hikes from ASB and BNZ New Zealand’s home loan market has seen another wave of rate adjustments as ASB and BNZ join Westpac and ANZ in lifting some fixed-rate terms. The moves come amid broader shifts in the interest-rate landscape, affecting borrowers who prefer the predictability of fixed-rate mortgages. What exactly is changing?…
-
Impact of Interest Rate Cuts on Home Loan Renegotiations
Understanding the Recent Decline in Interest Rates In recent months, financial markets have observed a significant decline in interest rates. This trend has sparked discussions about its implications for homeowners, particularly regarding home loan renegotiations. As interest rates drop, many homeowners find themselves in a position to reconsider their existing mortgage agreements. What Are Home…