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Rate Rises

When will interest rates rise ?

September 5, 2017 in Insider Tips, Latest News, Rate Cuts, Rate Rises

 

 

Senior Economists from Commsec (Commonwealth Bank Securities) are predicting that the Reserve Bank may retain the Official Cash Rate at the current record low level (1.50%) for up to 1 year as the Australian Economy is continuing to perform at levels that may not require any additional stimulus from the RBA.

 

This is great news for Home Owners & Buyers who can sleep easy without the fear of imminent rate rises.

 

Home Loan Rates Down . . . Investment Rates Up … RBA Rates on Hold ???

August 1, 2017 in Insider Tips, Latest News, Rate Cuts, Rate Rises

Record Low

The Reserve Bank Board voted this afternoon to retain the Official Cash Rate on hold for the 12th consecutive month with some Senior Economist predicting another 12 months before the RBA will raise rates. 

Understandable many investors are scratching their heads asking why their interest rates have risen over the last few months … The answer is due the new capital requirements & policy restrictions which have been imposed by ASIC & APRA resulting in a higher “Cost of Funds” for investment loans & interest only loans. 

The “Good News” for home owners / buyers is many banks have recently reduced their interest rates on “Owner Occupied” Home Loans to rates under 3.99% p.a.

Some banks have also been a tad sneaky by advertising low rates for new customers but not passing on the lower rates to existing clients unless they demand a better deal.

 If your bank is charging you higher interest rates please call DPF Mortgage Specialists (07 5527 4744) ASAP or “CONTACT US” to find out how you can stop paying more than you should be.

 

 

Banks changing Interest Rates despite RBA decision

July 4, 2017 in Rate Rises

interest-rates2

The RBA Board has elected to retain the Official Cash rate at the record low 1.50% for yet another month. 

Please keep an eye on your Home Loan interest rate as several Banks have recently reduced their Owner Occupied Home Loan interest rates whilst other Banks have taken the opportunity to increase their interest rates (& profit margin). 

Interest Rates on Investment Property Loan have increased across the board following recent changes in requirements by ASIC, although once again some Banks have passed on the minimum increase whilst other Banks appear to be taking the opportunity to increase their revenue. 

Please feel free to contact me if you wish to discuss how your Home Loan or Investment Property Loan is performing & to learn how you can achieve a lower interest rate.

 

DPF say “Thank You” with Nespresso Coffee Machines

June 6, 2017 in Insider Tips, Latest News, Rate Cuts, Rate Rises

Red Coffee Machine

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.

 

 

RBA Rate Announcement … March 2017

March 7, 2017 in Insider Tips, Latest News, Rate Cuts, Rate Rises

Reserve Bank

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.

 

 

BANKS INCREASE FIXED INTEREST RATES . . .

November 25, 2016 in Insider Tips, Latest News, Rate Rises

rates-rise

The days of locking in a record low interest rate on your Home Loan may be behind us with several banks (including Westpac) confirming they will be increasing their Fixed Interest Rates by up to 0.50% p.a.

DPF Mortgage Specialists have confirmed that Westpac will be increasing their 2, 3 + 5 Year Fixed Interest Rates as at midnight this Sunday.

The biggest increase for Westpac will relate to the 5 Year Fixed Interest Rate which will rise from 3.89% p.a. to 4.39% p.a. (Premier Advantage Package Home Loan).

Based on a $400,000.00 loan you could save up to $10,000.00 over the 5 Year Fixed Rate term by contacting Westpac today (ph: 132558) rather than waiting until Monday.

If you are not with Westpac & are considering locking in your interest rate, you may need to act fast as “Other Banks” are likely to consider following the lead of Westpac, ING, Bank of Qld, Rams & ME Bank, who have already jumped to increase their fixed interest rates.

Please note that no changes have been announced at this time relating to Variable Interest Rates.

I hope this early “Heads Up” will help you to save your $$$$

 

Who will be win the Premiership in 2016 ???

September 26, 2016 in Rate Rises

 

Who are you supporting to win the 2016 Premiership Trophies this weekend ?

 

bulldogs-vs-swansAFL

Sydney Swans vs. Western Bulldogs

 

 

 

storm-vs-sharksNRL

Cronulla Sharks vs. Melbourne Storm

RBA Announcement . . .

July 5, 2016 in Insider Tips, Latest News, Rate Cuts, Rate Rises

Turnbull ShortenThe 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.

 

Interest Rates up to 1% p.a. lower . . .

February 2, 2016 in Insider Tips, Latest News, Rate Cuts, Rate Rises

Fresh-Start-New-Year-resolution-saying-2016Actions 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.

 

Westpac increases interest rates whilst other Banks reduce rates

October 14, 2015 in Insider Tips, Latest News, Rate Rises

Westpac 4

Westpac has announced an increase to the Variable Interest Rate for all existing and new Home Loans & Investment Property Loans.

The increase will be effective on 20th November 2015 with Westpac Variable Interest Rates rising to: 

Home Loans

5.68%p.a. (CR 5.82%) – Standard

4.98%p.a. CR 5.35%) – Premier Advantage Package discount of 0.70%

Investment Property Loans      

5.95%p.a. (CR 6.09%) – Standard

5.25%p.a. (CR 5.62%) – Premier Advantage Package Discount of 0.70%

 

These increases are the result of recent penalties being applied to Westpac by APRA, and whilst Westpac is incurring the wrath of APRA, other Banks are continuing to offer record low variable interest rates from:

Home Loans: 3.99%p.a.    (CR 4.43%)

Investment Property Loans: 4.14%p.a.    (CR 4.15%)

 

Based on these interest rates a Westpac customer with a loan amount of $400,000.00 can be paying higher interest charges of

Home Loans: $3,960.00 p.a. – $6,760.00 p.a.

Investment Property Loans: $4,440.00 p.a. – $7,240.00 p.a.

 

There are several options that may be available to Westpac customers to protect themselves from paying these higher interest rates.

Our Mortgage Specialists will personally be contacting all DPF Mortgage Specialists clients with Westpac loans over the coming days to discuss the impact of these changes and their options.

If you have any questions, or you have a friend / family member would like to discuss their options, please do not hesitate to call ph: 0755 274744 or click on ” CONTACT US “.

 

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