Robertson Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
RBA cut mortgage rate by 1 per cent - Farm WeeklyThe Reserve Bank has stunned financial markets by announcing a full-percentage point cut - double what analysts had tipped - saying financial markets had taken a "significant turn for the worse.'' Australia's official lending rate was lowered by the ...
Australia Cuts Rate by Most Since 1992; Stocks Rise (Update2) - BloombergOct. 7 (Bloomberg) -- Australia's central bank cut its benchmark interest rate by one percentage point, the most since a recession in 1992, triggering a rebound in Asian stocks on speculation other countries will follow to unlock credit markets ...
Australia central bank stuns investors with 100 bp rate cut - International Herald TribuneAustralia's central bank stunned investors with its biggest interest rate cut in 16 years on Tuesday, lifting Asian markets on speculation other central banks would follow suit in a possibly coordinated move to combat the global credit crisis. The 1 ...
Australia's C. Bank Stuns with Full-Point Cut - CNBCAustralia's central bank stunned investors with its biggest interest rate cut in 16 years on Tuesday, a dramatic attempt to insulate banks, households and firms from a meltdown in global financial markets. The Reserve Bank of Australia (RBA) cut its ...
Local banks avoid national crisis - Demopolis TimesWhile the economy remains in turmoil and Congress continues to hash out a bailout plan, local community banks have been riding out the Wall Street crisis relatively unscathed by the financial downturn. Al Garrett, President and CEO of Robertson ...
RBA shock: Interest rates cut by 1pc - Farm WeeklyAustralia's official lending rate has been cut for a second consecutive month but mortgage-holders may not get the full relief as banks struggle to raise funds in overseas money markets. The Reserve Bank cut its key cash rate by a full percentage ...
Australia Cuts Rate by Most Since 1992; Asian Stocks Rebound - BloombergOct. 7 (Bloomberg) -- Australia's central bank cut its benchmark interest rate by one percentage point, the most since a recession in 1992, triggering a rebound in Asian stocks on speculation other countries will follow to unlock credit markets ...
Australia c.bank stuns with 1 pct rate cut - ForbesSYDNEY, Oct 7 (Reuters) - Australia's central bank stunned investors with its biggest interest rate cut in 16 years on Tuesday, lifting Asian markets on speculation other central banks would follow suit in a possibly coordinated move to combat the ...
Australia slashes interest rate - Financial TimesSYDNEY, Oct 7 - Australia’s central bank stunned investors with its biggest interest rate cut in 16 years on Tuesday, a dramatic attempt to insulate banks, households and firms from a meltdown in global financial markets. The Reserve Bank of ...
Reserve opts for big cut - Brisbane TimesAustralia's official lending rate has been cut for a second consecutive month but mortgage-holders may not get the full relief as banks struggle to raise funds in overseas money markets. The Reserve Bank cut its key cash rate by a full percentage ...

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Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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