Call: (07) 5527 4744
Westpac has confirmed it will be passing MORE than the Reserve Bank rate cut (RBA 0.25% p.a.) by reducing their Variable Interest Rate by 0.28% p.a.
However … don’t be too quick to heap praise on the “Big Red W” as Westpac’s Variable Interest Rate was higher than the other major banks prior to the rate drop.
The Reserve Bank Board has voted to reduce the Official Cash Rate by 0.25% to 2.25%.
This is the first change to the Cash Rate since August 2013 which the RBA hopes will stimulate the Australian Economy which is currently growing slowing than RBA expectations.
Senior Economists of several major banks are predicting a further rate cut in March which is great news for Australian families and the Business Sector.
The Senior Economists of Australia’s major banks appear to be divided in their predictions relating to whether the Reserve Bank will reduce interest rates when the RBA Board meets on Tuesday.
The differences in predictions relate to the latest report from the Australian Bureau of Statistics confirming significant falls in the price of fuel have reduced the quarterly CPI growth to only 0.2% resulting in a lower than expected Inflation Rate of 1.7% for the year.
As a result of the low inflation figures several of the Banks are predicting the Official Cash Rate will remain at the current level of 2.5% until late 2015 whilst their competitors are anticipating the RBA will reduce rates by 0.25% p.a. in February followed up by a 2nd rate drop in March.
The great news for borrowers is that no-one is predicting any rises in the near future to the record low interest rates we are enjoying today.
Congratulations to David Pattemore (Director of DPF Mortgage Specialists) who today celebrates 27 years in the Banking and Finance Industry.
With constant changes relating to the Banks’ approval policies + loan facilities and the ever growing need for borrowers to source accurate advice + competitive loans, it is comforting to know that DPF Mortgage Specialists has such an experienced finance professional at the helm.
If you need assistance and advice to find the right Home Loan or Commercial Loan you can talk directly with David Pattemore by clicking on “CONTACT US” or telephone 0755274744.
BANK SLASHES MORTGAGE INSURANCE FROM $8,590 TO ONLY $1
ING Bank is the latest of the small Banks to launch yet another assault against the Major Banks by reducing Lenders Mortgage Insurance premiums to only $1
This equates to a saving of $8,589.00 on a new Home Loan of $400,000.00 for a borrower with a 10% deposit.
This incredible offer STARTS 26th November for a LIMITED TIME and conditions apply.
Please contact our Mortgage Specialists if you or someone you know is buying a home to confirm if you are eligible to SAVE THOUSANDS !!!
WHY PAY THE BANKS MORE THAN YOU NEED TO ???
The Reserve Bank Governor, Glenn Stevens, has provided great confidence to Borrowers & Home Buyers.
In his speech at the Committee for Economic Development of Australia dinner, Mr Stevens hinted that low Interest Rates are here to stay for some time … possibly years.
The RBA Governor also challenged the Federal Government to provide greater assistance to Small Business to encourage more opportunities in this sector which will in turn create jobs and reduce unemployment.
NAB is set to payout up to $40 Million to over 30,000 customers for “Excessive Credit Card Late Payment Fees” + other charges.
This settlement by NAB will apply additional pressure to ANZ + CBA + Westpac Banks who are also facing class actions in the courts for similar claims against “Unfair Fees”.
NAB customers will soon be informed if they are entitled to receive part of the massive $40M payout.
After 16 consecutive months of record low Interest Rates why do some Banks continue to charge their loyal customers higher Interest Rates ???
ANSWER: Because these customers didn’t say “NO” !!!
Just say “NO” and save your hard earned dollars.
If your Bank doesn’t listen … Contact DPF Mortgage Specialists
How can a busy person find the Right Home Loan with a Low Interest Rate to suit their specific circumstances?
Step 1: Click on Google
Step 2: Type in Mortgage Broker Gold Coast
Step 3: Click on www.mortgagebrokergoldcoast.com
Step 4: Tell us your story
Step 5: Get back to your busy life
IT REALLY IS THAT EASY !!!
Our experienced Mortgage Specialists do all the running around and research on your behalf to source a great Home Loan designed specifically for your personal requirements.
Call us now on 0755274744 or click on CONTACT US
ASIC has fined NAB + Westpac for misleading advertising.
Don’t be mislead by the clever marketing.
Check the facts with your Mortgage Specialist.
Call: 07 5527 4744
Providing mortgage broker services Australia-wide, since 1998. Click here for more contact information.
