Loan refinancing figures jump at Aussie Home Loans
Wednesday July 22, 2009
Personal loans and home loans are reporting some of the strongest figures in the loans industry with Aussie Home Loans announcing a strong increase in the number of their customers looking to refinance their mortgages. Aussie Home Loans released its figures showing an increase in refinancing which now accounts for 38.5 percent of home loans written in June, an increase of 8.3 percent from March. The non-bank lender cites the record low interest rates as the main push behind the strength in personal loans, home loans and other such borrowing practices.
Of course, this rise in loan refinancing for Aussie customers may also be related to the non-bank lender recent acquisition of Wizard/GE and its customers who received excellent loan conditions on personal loans and home loans.
Aussie Home Loans also reported that the number of settling home loans by first home buyers declined from 32 percent in March to 21.3 percent of total loans written in June.
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