Each Leap Year, not only do we celebrate the “Extra Day” gifted every 4 years, but also according to an old Irish legend, St Brigid struck a deal with St Patrick that on the 29th February women are permitted to propose to men and tradition also dictates that any man who refuses a woman’s proposal on February 29 has to buy her 12 pairs of gloves or pay a penalty such as a gown or money.
In the finance industry we have no issue as to who proposes to whom, however we do use this day as a reminder to ask ourselves … “Have I reviewed or updated my loans or my investments within the last 4 years ?”
Tradition does not dictate that a penalty needs to be paid if you haven’t, however the reality is that you could be losing money by paying too high an interest rate or hanging onto an investment that simply isn’t performing as you had hoped.
And so, on this Leap Year, we pass on all our best wishes to you all and … to help you “Leap” into the year ahead we offer to our clients and their families an obligation free review of their Home Loans & Investment Property Loans.
To take us up on this offer simply click on “CONTACT US” and provide your name & contact details and we will be pleased to assist.
February 21, 2016 in Insider Tips
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Tired of being told by Banks that you need to be in business for 2 years before you can apply for a Home Loan ???
Great news … One Australian bank has confirmed if you have a 20% Deposit the bank can now assess your income based on the “Cash Flow Projections” for your new business.
Click on “CONTACT US” or Telephone 07 5527 4744 to talk with our experienced Mortgage Specialists.
Your new home may be closer than you think.
February 19, 2016 in Insider Tips
, Latest News
Want to purchase your new home but not sure where to start ?
Our Mortgage Specialists can help you to find the answers to your questions …
- How much do I need to save ?
- How much can I borrow ?
- Will the Bank approve me ?
- What are the total costs ?
- Am I eligible for govt grants ?
- Can my stamp duty be waived ?
- What do I need to do next ?
Please feel free to telephone 07 55274 744 or “CONTACT US”
Actions by APRA in the later part of 2015 have resulted in many banks increasing interest rates on Home Loans & Investment Property Loans whilst other Banks are continuing to offer interest rates up to 1.00% p.a. lower.
For a loan amount of $400,000.00 this equates to borrowers being forced to pay an extra $4,000.00 each year.
With Variable Interest Rates as low as 3.98% p.a. (CR 4.03%) now might be a great time to make a make a fresh start, save heaps and pay off your Home Loan much sooner.
Please feel free to click on CONTACT US or call 07 5527 4744 to discuss your options.
To calculate how much of a difference a lower interest rate could make to your Monthly / Weekly loan repayment click onto our Home Loan Repayment Calculator.