Over the last couple of weeks, many of Australia’s lenders have increased their standard variable rates, affecting both owner occupiers and investors.
Some lenders have raised their rates by as much as 0.39%, while others have only increased their rates by 0.03%.
So what does this mean for you? Depending on your loan and your lender, the rate increases could result in higher ongoing mortgage repayments.
If you want to find out exactly how much your regular mortgage repayments may rise as a result of the rate increases, give me a call today.
Alternatively, I can help you review your mortgage and make sure you're still in the right home loan solution for your needs. We may find that there is a sharper priced product on the market that better suits your financial situation.
Give me a call today and I can walk you through your home loan options and ultimately find you a product that meets all of your needs and goals.