If you have been reading our previous posts and emails, you would know that the RBA has announced an even further drop in the cash rate. It now stands at an ALL TIME historical low of just 1.50%.
The RBA cash rate and lender home loan rates are at historical lows so it is surprising that a recent report revealed 45% of homeowners HAVE NEVER REFINANCED their home loan. Why?
There may be many reasons – and a lower rate should not be the only criteria when considering refinancing. As your finance specialist we review your individual situation to see if refinancing your loan delivers an overall benefit.
“One of our couples from Langwarrin, have already taken the opportunity to refinance. Husband working full -time, Wife working part-time with one dependent, Best Loans First have saved them $400 per month (that’s $4800 per year!!). We have also put them in a position to buy an investment property as well. Great success!!”
It is a great time to get a FREE* Valuation on your Property. Together, with the current rates on the market it may be worth looking into buying an investment, consolidate some debt, or take that dream holiday you have been thinking about. You may not realise but your affordability could be greater than you think!!!
If you wish to investigate whether refinancing could benefit YOU, we’re here to step you through the process and explore your options. Call us TODAY.