Refinance and Save

The old saying a change is a good as holiday couldn’t be truer when it comes to refinancing your current home loans. Reviewing your loans and making a change could actually mean you can afford that holiday after all.

For many borrows the idea of refinancing is daunting and often put in the too hard basket. That’s why engaging the services of a mortgage broker can not only help ease the pain but also ensure you save as much money as possible. Often a simple refinance can save you thousands per annum in interest payments. Now surely that is worth the effort?

The nature of lenders is that they reward new customers and forget about their existing ones. That’s why if you’ve had your current loans for a couple of years now there is a high chance your rate could be as much as 1% or higher above the current market. On a $500,000 loan that could be a potential saving of over $5,000pa in interest repayments – Aloha Hawaii!

Refinancing is also a good time to review your entire financial structure, consider that renovation, new car or book that holiday.

So don’t put it off any longer.

The Rise of Brokers

Call us biased but we think mortgage brokers play a very important part of the Australian mortgage industry. And each year more and more borrowers agree. Mortgage brokers now account for just over half of all new home loans in Australia.

The reasons to utilise the services of a broker are obvious as we work for you the borrower, not the lenders. Brokers are totally independent and have a wide range of lenders to choose from in order to find the best loan for the customer’s needs. We also negotiate interest rates on your behalf to ensure you are always getting the best deal.  The other benefit for borrowers is that the services of a mortgage don’t cost them anything as we are renumerated by the lenders.

Brokers don’t only assist customers with new lending either. Refinances and existing loan reviews are a very important part of what we do. This way we always ensure you are getting the best possible deal in the market place. If your existing rate is just 1%pa above the current best offer in the market, on a $400,000 loan you could be paying $4,000pa too much.

Mortgage brokers specialise in ensuring you are not paying more than you should. So if you haven’t engaged the services of a broker in the past then why not?

Register Your Interest

The RBA decided to once again leave the official cash rate unchanged at 1.5%

The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% with the last rate move back in August 2016. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.

With weak wages growth, continued low inflation and a lack of significant economic growth we can expect interest rates to remain where they are for the time being.

Even though rates are unchanged, my role as a broker remains the same. There may be different rates available from our lenders, so I’m always on hand to ensure you have the right financial solution for your current circumstances, and are receiving the most suitable rate available to you.

If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

Monthly Winner for March 2018

We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Jonathan, and he has won a $500 Bunnings voucher. Congratulations Jonathan!

Monthly Winner for April 2018

We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Diana, and she has won a $500 Coles Myer voucher. Congratulations Diana!

The RBA has decided to once again leave the official cash rate unchanged at 1.5%

The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% with the last rate move back in August 2016. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.

With a combination of retail deflation (ie the price of retail goods falling) and continued weak wages growth still impacting economic growth, the Reserve Bank have signaled that we can expect to see rates where they are for the time being. They have indicated however that they expect the next rate move to be an increase and are concerned about the potential shock that this may cause the economy.

Rates remain constant now but it is important that you are prepared if they increase. There may be different rates available from our lenders, so I’m always on hand to ensure you have the right financial solution for your current circumstances, and are receiving the most suitable rate available to you.

If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.