Mortgage House Pass on Interest Rate Cut

Date: 02/11/2011

Mortgage House, major non bank lender, welcomes the decision from the RBA to drop the cash rate by 25 basis points yesterday and has confirmed these savings will be passed on to both new and existing customers of the Mortgage House funded program, namely the Chameleon range.

Of the outcome from RBA, Mortgage House of Australia Managing Director, Sarah Roberts had the following comment:

"A reduction in interest rates presents a fantastic opportunity for current mortgage owners to get ahead with their home loan, simply by maintaining their current repayment amount. It is best to speak with their lender to make this request which could see them benefiting from starting the new year in a positive position, during a time when, traditionally, spending and debts increase over the Christmas period."

With over 25 years in operation, Mortgage House is a home loan lender in its own right and has also retained its mortgage management and broking capabilities. The group has over 30 branches nationwide and also offers its range of products through a network of accredited brokers. More information is available at mortgagehouse.com.au.