Planning to buy an Investment Property …
Tip … Ensure you have a “PLAN B”
Include a buffer in your budget for equal to 2 month’s rent to cover yourself for unexpected maintenance costs + non-tenanted periods.
SLEEP EASY AT NIGHT WITH A GOOD “PLAN B”
Insider Tips
Banks Increase Fixed Interest Rates
Several Banks have joined Westpac + ANZ by increasing their Fixed Interest Rates.
Economists predict more Banks will soon follow despite predictions that Variable Interest Rates are not likely to rise until mid-2014.
If you wish to lock-in your Home Loan Repayments please feel free to call or click on “CONTACT US”.
Fixed Interest Rates may soon be on the rise
The Reserve Bank Board has announced that the Official Cash Rate will be retained at the current level (2.50%) for the time being as the RBA Board believes the economy is performing within the forecasted levels and further improvements are anticipated within Non-Mining sectors of the domestic economy over the next reporting period.
Senior Economists within Australia are suggesting borrowers who wish to lock in part / all of their Home Loan onto a Fixed Interest Rate may wish to consider their options as the Lenders are currently reviewing their Fixed Interest Rates with several of the Banks having already moved to increase their 3 Year + 5 Year Fixed Interest Rates.
MELBOURNE CUP SWEEP
Thank you to all who participated in the DPF Mortgage Specialists Melbourne Cup Sweep and “WELCOME” to all our new friends who have joined DPF Mortgage Specialists on Facebook.
We trust that you and your family will achieve great savings from our regular “Insider Tips” that the Banks don’t want you to know.
Listed below are the results from the Ticket Draw.
Thanks again for your support and GOOD LUCK !!!
1st Place: $100.00 Woolworths Gift Voucher
2nd Place: $50.00 Woolworths Gift Voucher
3rd Place: $50.00 Woolworths Gift Voucher
| Melbourne Cup 2013 | |
| 1: DUNADEN | Clinton Riley |
| 2: GREEN MOON | Belinda Chapman |
| 3: RED CADEAUX | Michelle Wilson |
| 4: SEA MOON | Melanie Klutentreter |
| 5: BROWN PANTHER | Ozzie Di Battista |
| 6: FIORENTE | Danielle Steensma-Collins |
| 7: FORETELLER | Joshua Piper |
| 8: DANDINO | Simon & Fiona Leonard |
| 9: ETHIOPIA | Craig & Sally Miller |
| 10: FAWKNER | Alouette Campbell |
| 11: MOURAYAN | Chantel Fowler |
| 12: SEVILLE | Zoe Ross |
| 13: SUPER COOL | Ian Richens |
| 14: MASKED MARVEL | Jasmine Short |
| 15: MOUNT ATHOS | Eddie Lynch |
| 16: ROYAL EMPIRE | Adrienne Pfeffer |
| 17: VOLEUSE DE COEURS | Kellie Redwood |
| 18: HAWKSPUR | Kylie Jane |
| 19: SIMENON | Andrew Corfield |
| 20: IBICENCO | Sizey Hyslop |
| 21: VEREMA | Devon Jeffrey |
| 22: DEAR DEMI | Danielle Steensma-Collins |
| 23: TRES BLUE | Tony Wilson |
| 24: RUSCELLO | Stephen Baker |
RBA … No Change to Interest Rates
The Reserve Bank Board has announced the official cash rate will remain at the current level (2.50%) whilst they continue to observe the impact of the new Federal Government on the Australian economy.
ASIC Orders Banks & Financiers to Refund $15M to Car Loan Customers
A recent review by ASIC into loans relating to the purchase of Motor Vehicles has uncovered an “Unacceptable Practice” resulting in the Banks & Financiers being forced to provide refunds totalling $15 Million to 30,000 Car Loan customers.
Are you eligible to receive a refund ???
Click on the ASIC link below to learn more …
RBA … No Change to Interest Rates
The Reserve Bank has retained Interest Rates at their current level for September.
The RBA Board will review their decision again in October once the impact of the upcoming Federal Election has flowed onto the economy.
Poor Credit Rating due to Mobile Phones …
Many mobile phone service providers lodge a “BLACK MARK” on your “CREDIT FILE” when your phone bill payment is ONLY 1 MONTH OVERDUE.
An overdue notation WILL AFFECT YOUR CREDIT RATING and may prevent you from being approved for finance or result in you having to pay higher interest rates for up to 7 years.
SAVE $$$ … AVOID THE HASSLE … SAVE THE FRUSTRATION !!!
Low Interest Rates for Poor Credit History
Banks can approve Home Loans for those with less than perfect Credit History.
Each application is assessed on a case by case basis and can result in great savings with low interest rates.
Your Mortgage Specialist can liaise directly with the Bank to increase your chances for success.
DON’T PAY THE BANKS MORE THAN YOU NEED TO !!!
When will your Bank pass on the Interest Rate Cut ?
Listed below are the Interest Rate Cuts announced by the Banks following the Reserve Bank’s recent decision to reduce the Official Cash Rate by 0.25 bp to 2.50%
(Updated Daily)
|
Bank |
Rate Cut |
Effective Date |
| Adelaide Bank |
0.25% p.a. |
26/8/2013 |
| AMP |
0.25% p.a. |
22/8/2013 |
| ANZ |
0.25% p.a. |
16/8/2013 |
| Bank of Melbourne |
0.25% p.a. |
19/8/2013 |
| Bank of Queensland |
0.25% p.a. |
27/8/2013 |
| BankWest |
0.25% p.a. |
19/8/2013 |
| Bendigo |
0.25% p.a. |
26/8/2013 |
| Citibank |
0.25% p.a. |
19/8/2013 |
| Commonwealth |
0.25% p.a. |
14/8/2013 |
| Heritage |
0.25% p.a. |
16/8/2013 |
| Homeside |
0.25% p.a. |
16/8/2013 |
| ING |
0.25% p.a. |
23/8/2013 |
| Macquarie |
0.25% p.a. |
23/8/2013 |
| Me Bank (Members Equity) |
0.25% p.a. |
23/8/2013 |
| RAMS |
0.25% p.a. |
12/8/2013 |
| NAB |
0.25% p.a. |
12/8/2013 |
| St George |
0.25% p.a. |
19/8/2013 |
| Suncorp |
0.25% p.a. |
26/8/2013 |
| The Rock Building Society |
0.25% p.a. |
14/8/2013 |
| Westpac |
0.28% p.a. |
19/8/2013 |
