This is the time for a home loan health check

May 13, 2014
Annette Kennedy

Mortgage broker, John Kennedy of Mortgage Choice in Mudgeeraba, Robina and surrounding Gold Coast suburbs, keeps a close eye on the RBA announcements and what they mean to you.

 

It is now the ninth consecutive month that the Reserve Bank of Australia (RBA) held the cash rate at 2.5%.  As a result of yet another month of the cash rate being static lenders are vying for customer’s business. There is real potential for savings, if you shop around. 

 

Interest rates remain low

On occasion, when the RBA does not change the cash rate, lenders change their mortgage products. 

 

The lenders are reducing rates and fees in order to secure your business. If we look at rates as of the 13th of May 2014, fixed rates were sitting around 4.75 % fixed for one year and the variable rate just a little higher at around 4.88%.

 

 Each loan has its specific features and conditions, so come in for a chat about your situation.

 

The property market appears to be on the move

With the stability in the official cash rate people are more comfortable to spend and as a result property prices are creeping up.  RP data research shows capital city dwelling values rose by 2.3% over the month of March.

 

 It is time?

 

It is never possible to predict the future.  It is however a good time to consider your options and think about purchasing your first home or investment property.

 

If you already have a home loan, now is a great time to have your current mortgage reviewed to ensure your loan is still the best for you.  There may be a better deal out there.

 

Let us save you time, hassle and worry…..at no cost to you

 

Spend your precious time finding your dream home or investment, not your loan.  Time is short. 

 

Understanding and comparing different home loans and there many features is something John Kennedy specialises in.  He will research and provide you with a short list and then expert advice on each of your options.

 

Learn more about your home loan options today give John Kennedy of Mortgage Choice in Mudgeeraba a call on 5559 2563 or send him an email on john.kennedy@mortgagechoice.com.au

 

Posted in: Home loans

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