Rate Cuts

Many banks were quick to advertise & announce how good they were to pass on the full 0.25% p.a. RBA rate cut in June 2019.

Not surprisingly many of these same banks were making far less noise when they held back from passing on the full 0.25% p.a. rate cut announced by the RBA in July 2019. (i.e. total 0.50% rate cut over 2 months).

Below is a list of the  Banks & their combined interest rate reductions for the months of June and July 2019.

The predictions of many of Australia’s Senior Economists were confirmed this afternoon as the Reserve Bank voted to reduce the Official Cash Rate yet again to an amazingly low 1.00%.

The Federal Treasurer (Josh Frydenberg) has already commenced his efforts to encourage the banks to pass on this additional 0.25% p.a. rate cut in full.

Is your bank charging you more than they need to ???

Banks are in a frenzy to compete for new Home Loans with banks offering Home Loan Interest Rates as low as 2.99% Fixed for 3 Years.

“CONTACT US” is you would like to take advantage of this record low interest rate.

(CR 4.19%)

A Special 5 Year Fixed Rate of only 3.49% p.a. is currently available for First Home Buyers … WOW !!!

This will provide FHB’s with the confidence of knowing they have secured an incredibly low rate which cannot increase for the first 5 years of their Home Loan.

Not only this, but FHB’s can make additional repayments of up to $30,000.00 to reduce their loan balance & can also redraw these additional repayments if they need to have access to these funds in the future.

Click on “CONTACT US” or call 07 5527 4744 to talk with our Mortgage Specialists

We absolutely love saving you $$$

(CR 4.63%)

Listed below are the Interest Rate reductions announced by banks following the recent 0.25% RBA rate cut

Many senior economists are predicting the Reserve Bank will announce a further rate reduction in the next month or 2 with a potential 3^rd rate cut prior to Christmas.

 Q: Why ???

 A: They believe one rate cut will simply not be sufficient to stimulate the Australian economy to the level the RBA are seeking.

 Many banks appear to agree & are already factoring in further rate cuts by reducing their 2, 3 & 5 Year Fixed Interest Rates to new record low rates.

CONTACT US if you are considering locking part or all of your Home Loan / Investment Property Loan on a Fixed Interest Rate.

Borrowers & Home Buyers will be rejoicing the decision of the Reserve Bank Board to reduce the Official Cash Rate to a NEW RECORD LOW 1.25%.

Banks are already under pressure to pass on this rate cut in full to their customers with the Federal Treasurer Josh Frydenberg having already holding meetings with the Big 4 Banks to remind them to remain “Customer Focussed” which was a key recommendation of the recent Royal Commission.

The new government is keen to ensure this happens & senior economists agree the banks can’t afford to be stingy or else they will face a wave of borrowers seeking better offers from other banks.

 Keep an eye out for the upcoming announcements by your bank and if you are not happy … CONTACT US and we will be more than happy to negotiate with the bank on your behalf.

Massive Savings & Interest Rate Reductions for DPF Clients . . .

Yet another amazing result this month with DPF helping 5 more clients to reduce the interest charges on their existing Home Loans by a whopping $20,510.00 per year.

And to add to this awesome total of savings we also assisted two very happy clients to receive a refund of $4,003.00 from their bank. 

Q: How many of these clients needed to refinance their Home Loans to achieve lower interest rates ?

A: Nil … DPF negotiated with their existing banks on our clients behalf to reduce the interest rates on their existing Home Loans. 

Q: How much did these clients pay DPF Mortgage Specialists to receive this extra service  ? 

A: $Nil … This is all part of the ongoing service & assistance DPF Mortgage Specialists provides for our clients.

Q: How will I know if the interest rate my bank is charging me is higher than it should be ? 

A: Check your Home Loan interest rate + current loan balance via your internet banking and simply “CONTACT US”