New + experienced Property Investors are becoming increasingly frustrated by the new lending rules which differ greatly from Bank to Bank.
The good news is … If your Bank says “No” other Banks may say “Yes”.
Please contact our Mortgage Specialist as they know all the new rules and can inform you as to which Banks can help & which Banks can’t.
The Reserve Bank Governor (Glenn Stevens) confirmed in a speech to economists in Brisbane this week that further interest rate drops are possible however the RBA believes improvements in Government policies & spending on capital works is a preferred option to stimulate sustainable growth in the Australian economy.
The good new for Borrowers is that no-one is current talking about rates increasing from their current record low level.
The Reserve Bank may have kept rates on hold for another month however many banks are now offering lower interest rates for Owner Occupied Home Loans.
Why you may ask …
The simple answer is that the banks are under pressure from ASIC + APRA + the RBA to ensure a balance is maintained between new Owner Occupied Home Loans & the ever increasing demand for new Investment Loans.
Offering amazing deals to encourage more Owner Occupied Home Loans will open the door for more Investment Loans to also be written by the banks.
The winners are the Mum’s & Dad’s, First Home Buyers & those seeking to upgrade their homes as the banks are prepared to fight to earn your business.
Talk to our Mortgage Specialists to learn how you can take advantage of this opportunity and land yourself a great deal.