The DPF Team are so very grateful for the generous support we receive from so many of our clients who regularly recommend our services to their family, friends & work colleagues.
As a means of thanking & acknowledging our wonderful clients for their efforts DPF Mortgage Specialists will be gifting a new Nespresso Coffee Machine to every client who recommends a family member, friend or work colleague who takes out a new Home Loan with DPF Mortgage Specialists (minimum new loan amount $150K).
Our clients are welcome to recommend as many family & friends as they wish as there are no restrictions as to how many coffee machine they can receive. You can have a coffee machine at home, at work, in the caravan or if you don’t like coffee we are sure your friends would love to receive a Nespresso Coffee Machine as a house warming gift.
This offer commences on 1st June 2017 & will expire on 30th September 2017.
New Home Loan amount required to be a minimum of $150,000.00.
New Home Loans to be unconditionally approved by the Bank / Lender on or before 30th October 2017 & settled in full on or before 30th November 2017.
All eligible Home Loan Applications are required to be received by 5pm (EST) 30th September 2017 & lodged with the Bank / Lender no later than 5pm (EST) on 6th October 2017.
Clients can select from either the Nespresso Breville Inissia Capsule Machine (BEC200XR) or Nespresso Delonghi Inissia Capsule Machine (EN80BAE) – Subject to availability.
This offer is restricted to clients of DPF Mortgage Specialists only.
Good News for Australian Families …
The RBA Board has voted to retain the Official Cash Rate at the current record low 1.50% p.a. for at least the next month.
We all know that Australian Banks are very keen to make huge profits, however, did you know that in many circumstances it is more profitable for a Bank to reduce the interest rates on a Home Loan to retain an existing customer rather than incurring the significant cost to replace a customer.
The amazing thing is … MOST CUSTOMERS DON’T ASK !!!
What do you need to do …
Step 1: Know your current interest rate
Step 2: Research what other Banks are offering (including offers to cover the costs of refinancing)
Step 3: Call the phone number noted on your loan statement (i.e. NOT your Bank Manager) and advise the Bank you are considering leaving & quote the lower interest rates you can achieve with other Banks.
Step 4: Ask the Bank if they will match this offer to retain your business.
PLEASE REMEMBER: If you have a Mortgage Broker please contact them first, as they are experienced with these negotiations & may have access to even lower interest rates not advertised publicly by the Banks. Your Mortgage Broker can use these lower interest rates to achieve even greater savings for you.
The RBA Board has reduced the Official Cash Rate to a new record low 1.50% in the hope this will stimulate the Australian Economy to combat the current low levels of inflation.
The RBA is hoping Australian families will start spending more on ourselves if we are paying less interest to the Banks for our Home Loans.
The question is … Will the Banks play their part by passing on this rate cut in full ???
Borrowers & home buyers who are asking “will interest rates continue to go down” will be pleased to learn that the lower than expected Inflation Figures have Senior Economists confident in their predictions that the Reserve Bank will seek to stimulate the Australian Economy by reducing the Official Cash Rate to a new record low when the RBA Board meets again on the first Tuesday of the month.
Borrowers can be comforted by this news with the majority of economists also predicting interest rates will remain low for some time to come.
The Board of the Reserve Bank has voted to retain the Official Cash Rate at the record low 1.75% and will continue to monitor the impact on the Australian economy as it reacts to uncertainty following the federal election.
The only good news for borrowers is that hopefully the seemingly never ending election coverage will be over shortly.
The Reserve Bank Board has voted to reduce the Official cash rate to the new record low level of 1.75%.
This rate cut is in response to recent economic reports confirming lower than expected inflation figures in the Australian Economy.
The good news for borrowers is the majority of banks appear to be passing on the full 0.25% p.a. interest rate cut to borrowers with the except of ANZ Bank which is only passing on 0.15% p.a.
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.
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.
The Reserve Bank Board has voted to retain the Official Cash Rate at the current record low 2% until the next RBA Board meeting in February 2016.
If your Bank has recently increased the Variable Interest Rate on your Home Loan there are two options available to you.
Option 1: Consider switching all / part of your Home Loan to a Fixed Interest Rate with your existing Bank as the Fixed Interest Rate may be lower than your Variable Interest Rate.
Option 2: Consider refinancing to a Bank with a lower Interest Rate. (Please Note: Several Banks are currently offering to pay up to $1,500.00 to cover your refinancing costs)
Please “CONTACT US” or telephone 07 5527 4744 if you wish to discuss your options.