Archive for the ‘nab’ Category
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Australian Construction Industry’s Current Position
June 8th, 2011 | 
Author: Here’s a great infographic that shows the current state of the Australian construction industry and what’s the potential reason for it. Not a bad overview at all:
Source: Grant Elevators
Posted in 
State of Australia’s Credit Card Debt
Here’s an interesting look at the current state of Australia’s credit card debt in an infographic by the guys at debtconsolidation.com.au ..
Source: DebtConsolidation.com.au
MtTRvs
Tags: Nab 2009 final wrap up with Oldecam and Notaspringchick
Oldecam and Notaspringchick for Newsvideoweb with Nab 2009 final wrap up,www.nab.ORG www.montebubbles.net, www.oldefartnetwork.com
Duration : 9 min 59 sec
Nab Restructuring
Nab have undergone a major restructuring of their senior management and as a result there has been a terrific turn around in their business and service levels. Nab are one of the big 4 banks, with profits well over $3 billion per year.
They have a great home loan product suite, which is able to cater for their clients every need. The Home Loans Nab has to offer are:
Nab Simple Home Loan: This loan is Nabs basic No Frills, low rate and no bank fees loan. Very good for a basic setup, but lacks freedom and flexibility. A standard 25 or 30 year Home Loan.
nab Introductory Rate Home Loan: A standard home loan that features a discounted interest rate for the first 12 months of the loan, it then reverts back to the standard variable interest rate. This Nab loan is good for anyone who wants to minimize their cash flow for the first year in their home loan.
Nab Tailored Fixed Rate Home Loan: Fixed interest rate loan offers a range of terms from 12 months 1, 2, 3, 4, 5 and to 10 year. Prior to expiry date you will be notified of the options available. If you do not choose anther fixed rate the loan automatically switches to a variable rate loan. Note fees applicable if you roll over to a fixed rate option.
Nab Portfolio Home Loan: A line of credit that is an all-in-one banking solution, linking your transaction accounts and personal, home and investment borrowing in one facility. Professional & Investors or Lenders. A total financial solution that provides A Line of Credit and a range of banking and wealth management products and services for one annual package fee.
Nab Standard Flexi Plus Home Loan: A flexible line of credit for home or investment purposes that you can access any time. This Nab account is fully transferable from one acceptable residential property to another. So you can use it when you buy and sell property without necessarily applying or a new loan (government charges apply and additional bank fees may be payable).
Nab Tailored Home Loan – Variable Interest Rate: A variable rate home loan that is heavily packed with features including a 100% Offset account, which is designed to help you pay off your loan sooner. With a NAB Tailored Home Loan you can link your loan to a transaction or deposit account for 100% Offset to help reduce the interest on your loan, and you can pay additional lump sums without a prepayment fee. So you could save thousands and own your own home much sooner.
Nab Key focus
The Nab is focused on delivering financial solutions to help you achieve your financial goals. Nab are constantly seeking to review our business processes and systems and implement improvements to our customer service that make it simpler and more convenient for you to do business with us.
As of late 2004 the NAB in Australia had:
34 integrated financial service centres, 219 business banking centres, 108 agribusiness locations, 787 branches and over 3,000 Australia Post Giro Post outlets.
At the same time, in Australia Nab employs 24,567 employees.
Cant Decide About Interest Rates? Split It.
In the world of astrology, the sign of Libra is depicted as a set of scales and by nature, Librans are supposed to be balanced individuals who like to weigh up both sides of an issue before making a decision.
When it comes to choosing a home loan, many home buyers adopt Libran qualities and have difficulty choosing between a fixed rate and a variable rate home loan.
If you are having trouble deciding which type of home loan suits you, maybe you should consider a split home loan. The option to split your loan between fixed and variable rate is offered by most banks, including National with their NAB Tailored Home Loan.
Fixed rate loans, such as the options offered by NAB, have the advantage of protecting the borrower against rate rises for the fixed period, but they also restrict the flexibility of the loan. For example, borrowers with fixed rate loans are usually prevented from making extra repayments in order to pay off their home loan debt sooner.
With interest rate rises at the top of every variable rate home loan borrowers mind, having your nab home loan split so part of it is charged at a fixed rate can offer great peace of mind.
Ideally, you should try to split your home loan so the majority is at a fixed rate with the remainder at a variable rate. For example, lets say you have a $300,000 NAB home loan that you chose to split. You could have $200,000 of your loan set at NABs fixed rate for two years and the remaining $100,000 charged at NABs variable rate. If any interest rate rises occurred over that time, the majority of your debt would be protected and only the repayments on the $100,000 loan would increase.
Opting for a split loan gives home buyers the chance to experience the best of both worlds. When choosing the right type of home loan for your situation, you should speak with your financial broker for detailed advice on the features and flexibility that you require. Shop around with a number of different lenders before making your decision.
NAB 2008: Red Scarlet Interview with Ted Schilowitz
Ted Schilowitz, Leader of the Rebellion for Red Digital Cinema, talks about the new handheld 3K Red Scarlet camcorder and more at nab 2008 with Camcorderinfo.com
Duration : 0:6:36
News From NAB: Microsoft Rolls Out "Adaptive Streaming" for HD Video
http://www.beet.tv/2009/04/microsoft-rolls-out-adaptive-streaming-for-hd-video.html
LAS VEGAS — In an effort to deliver the same experience for HD online video streams for consumers with different bandwidth connections, the industry is embracing a technology called "adaptive streaming."
Here at the annual nab conference, Microsoft released its product called Smooth Streaming.
On Monday at the Microsoft booth on the convention floor, Beet.TV caught up with Steve Sklepowich for a demo and chat.
Steve explains that Smooth can be streamed on on http-based servers, not necessarily dedicated media servers. This presmumably can help publishers and advertisers with the cost of distributing this high bandwidth content.
Microsoft has a demo for Smooth which is now live.
One of the big players in the adaptive streaming movement is Akamai. Earlier this year, we spoke with Akamai CTO Mike Afergan about why adaptive streaming is important. Other CDN's are embracing adaptive streaming, as is Adobe.
Here's an…
Duration : 2 min 54 sec
Stop and Think Before You Stop Your Repayments
As a home owner, so much of your income is likely to be channelled towards your home loan balance that you probably daydream about a time when that proportion of your income will be yours to use. Maybe even a couple of months with no home loan repayments would make a nice difference to your cash flow
These are exactly the kind of thoughts that banks such as National (NAB) would probably like you to be having. Repayment holidays are offered by many banks and lenders, including NAB, and are often marketed as a relaxing break away from the stresses and routine of regular home loan repayments. But its not the case.
To be eligible for an NAB home loan repayment holiday, you must have made enough in extra repayments to cover the repayments you will miss on your holiday. Which begs the question why would you work so hard to make extra repayments only to whittle away the extra by taking a few months off?
If you are approved to take a holiday from your nab home loan repayments for around three to six months, your cash can be used towards other expenses, but the interest on your home loan will still accumulate. This means your debt will increase during the period of your repayment holiday.
In addition to increasing your debt to NAB through interest, there is a chance that the way you use your extra cash during the repayment holiday could increase your total debt. For example, if you used the extra money to buy a car, or an item that does not increase in value or produce income, you are adding to your total debt. Without a repayment holiday, you dont have the chance to temporarily increase your cash flow, but you can rest in the knowledge that your money is being used towards clearing your NAB home loan debt.
If you think you may have trouble making any of your home loan repayments, speak to your financial broker and NAB representative as soon as possible. There may be solutions available that you are not aware of, such as freeing up more of your cash flow by consolidating your debts. With the extra money you could save by doing this, you could save up for a real holiday rather than increase your debt with a repayment holiday.
Home Loan Hunting: What You Need To Know
When you first start out on your quest for property, finding a home loan that suits your financial situation can feel like looking for the proverbial needle in a haystack. There are literally hundreds of home loan products available from a multitude of different lenders, all with various combinations of features.
The key to finding the right home loan is to ask lots of questions. Speak with your financial broker to determine the details of your finances and get a general idea of what you are looking for. When it comes to finding a specific home loan product, dont be afraid to ask your lender a lot of questions, particularly if your loan is a product of one of the big banks, such as National (NAB).
Find out whether your NAB home loan will attract any maintenance fees. You may be charged an upfront administration fee, an ongoing account service fee or a combination of both.
You should also find out how much you can expect to pay towards loan application fees. For example, the NAB Fixed Rate Loan has an application fee of $600, which is higher than the fees for similar loans offered by many other lenders.
Being able to make additional loan repayments is an important feature in any home loan, as it means you can work at clearing your home loan debt faster. Several nab home loans allow borrowers to make extra repayments, but there is a set threshold of the amount of extra that can be repaid. If payments are made beyond this extra repayment limit, NAB borrowers are likely to be charged a fee.
Your financial situation is likely to fluctuate over the term of your home loan, so flexibility is important. Find out whether your NAB home loan can be switched from a variable to a fixed rate loan, or split into a variable and fixed combination. Flexibility also includes the ability to be able to make principal and interest or interest-only repayments during the course of your NAB home loan term, so find out whether you are able to choose between these repayment types.
You should also ask whether you are able to transfer your NAB loan should you decide to change properties, as the home you choose when you may be single is likely be quite different from one you may need ten years later when you may be married with a family.
Committing to a home loan is a major decision that will have a huge impact on your finances, so it is important to take your time and research your options before signing up. Dont be intimidated by the terms and tactics used by banks and lenders and always feel free to ask questions along the way.