Is your Bank increasing your Home Loan interest rate ???
There are Banks & Non-Bank Lenders who have not followed the pack and continue to offer interest rates as low as 3.99% p.a. (CR 4.19% p.a.).
CALL US … WE CAN HELP !
Latest News
QPCU joins Broker’s panel
DPF Mortgage Specialists are pleased to welcome QPCU (Qld Police Credit Union) to our extensive panel of Banks and Non-Bank Lenders.
If you or your family have ever worked with the Qld Police, Ambulance, Fire Service, Qld + Local + Federal Government, SES, Emergency Services, and many more … you may be eligible to access the low interest rates offered by QPCU.
Please call 0755274744 or “CONTACT US” if you wish to know more.
Westpac increases interest rates whilst other Banks reduce rates
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 “.
2% Cash Rate here to stay for a while yet
The Reserve Bank Board have voted to retain the Official Cash Rates at the current record low level of 2% for October.
This announcement supports the view of many senior economists who believe the Australian Economy is performing well and continuing to grow at a manageable pace.
DPF Clients save extra $2,000.00 p.a.
WOO HOO … The Joys of Success
We are pleased to confirm that several of our clients have successfully challenged their Bank to “SHOW THEM THE LOVE” and have achieved savings of over $2,000.00 per year on their Home Loans.
These savings were achieved without the need to refinance and for the cost of a phone call following great teamwork between our clients and their Mortgage Specialists. The great savings and lower interest rates achieved are in addition to the discounts these clients were already receiving on their Home Loans.
Receiving “Insider Hints” to save your money is all part of the ongoing service & advice provided to DPF clients by their Mortgage Specialist.
After all … We don’t work for the Banks … WE WORK FOR YOU !!!
Make your Bank … “Show You the Love”
MY BANK LOVES ME … MY BANK LOVES ME NOT …
Do you ever feel unappreciated when your Bank advertises amazing Home Loan deals to attract New Customers but does not offer the same amazing deals to their existing customers.
This is what we commonly refer to as the “Loyalty Tax”.
How can you make your Bank “Show you the Love” and offer you massive discounts off your Home Loan Interest Rates & Loan Fees ?
The simple answer is …
- Tell your Bank you wish to stay but are prepared to take your business elsewhere
- Contact your Bank via the telephone number on your Loan Statement (i.e. NOT your local Bank Manager) to ensure you are connected to the “Client Retention Department” as this department actually has the authority to “Do what it takes to retain your business”
- Tell your Bank of the amazing deals which are available with other Banks
- Pause on the phone for 10 seconds and watch the Bank work their tails off to “Show you the Love”.
Why will my Bank listen to me ?
- All Banks are very well aware that it costs far less to authorise discounts to retain an existing customer, then the costs involved to attract new clients
- There is no benefit to be achieved by the Bank if they attract 5 new customers whilst at the same time also losing 5 existing customers
- Your Bank is prepared to authorise discounts for the few customers who actually take the time to ask, as this is only a small expense compared to the huge profits your bank will continue to earn off the vast majority of customers who are not prepared to ask.
If your Bank does not appear to value your business or you are not “Feeling the Love” please click on contact our Mortgage Specialists on 07 5527 4744 as we don’t work for the Bank … WE WORK FOR YOU .
Interest Rates … Up for Investors … Down for Owner Occupiers
The Government Regulator (APRA) has thrown the cat amongst the pigeons within the Banking Industry by making major & immediate changes to the Investment Credit Policies & Lending Requirements for Banks.
The impact of these changes will vary significantly from Bank to Bank due to APRA introducing different rules & requirements for each Lender. The result of such variances is creating vastly different responses by each individual Bank with several being forced to increase interest rates on Investment Property Loans whilst others are having to reduce the maximum loan amounts they can lend to Investors. Other Banks are taking a different tact by seeking to encourage new Home Loans from Owner Occupiers by offering lower Interest Rates for Owner Occupier Home Loans and offering new Home Loan customers of up to “$2,000.00 Cash Back”.
With even more changes anticipated over the next few weeks there are plenty of reasons for Borrowers to be both concerned and excited however it is vital to KEEP AN EYE ON YOUR HOME LOAN and INVESTMENT PROPERTY LOAN as the Banks are making changes on a daily basis and whilst there will be amazing opportunities available there will also be many potential pitfalls to be wary of.
If you wish to discuss how you can navigate your way through all the confusion & ongoing changes please contact our experienced Mortgage Specialists.
FREE APPLE WATCH . . .
Thank you so very much to all for your wonderful support.
Here we are heading out once again to deliver more Apple Watches to our clients who have kindly recommended several of their family & friends to DPF Mortgage Specialists.
As a result of your wonderful support we will be continuing to reward our clients with a new Apple Watch until 30th September 2015.
If you would like to receive a new Apple Watch all you need to do is:
- Recommend 2 new clients who proceed with new Home Loans with DPF Mortgage Specialists between 1st May 2015 – 30th September 2015 .
OR
- Take out a new Home Loan with DPF Mortgage Specialist and recommend a new client who proceeds with a new Home Loan with DPF Mortgage Specialists between 1st of May 2015 – 30th September 2015.
Please click on “Contact Us” or telephone 07 55274744 if you wish to know more.
Banks Waive Mortgage Insurance for Professionals
Banks are offering $Nil Mortgage Insurance on Home Loans for Professionals within specific industry groups in the hope that these amazing savings will entice new business from targeted sections of the community.
By waiving the requirement for Lender’s Mortgage Insurance for loans up to 90% of the property value (i.e. LVR 90%).
eligible Professionals can achieve significant savings of $8,590.00 – $58,642.00 for Home Loans of $400,000.00 – $2,000,000.00 (LVR 90%).
WHICH PROFESSIONAL GROUPS ARE ELIGIBLE ???
Accountant, Finance Manager
Auditor, Actuaries
Barrister, Lawyer, Solicitor
Engineer, Surveyor, Mine Surveyor
Quantity Surveyor
Geologist, Geophysicist
General Practitioners, Hospital-Employed Doctors
Medical Specialists, Dentists
Optometrists, Pharmacists
Veterinary Practitioners
The Banks offering these discounts have varying eligibility criteria relating to the industry groups, individuals, home loans & loan purposes.
To learn more click on “CONTACT US” or phone (07) 5527 4744 to talk with our Mortgage Specialists
WHY PAY THOUSANDS MORE THAN YOU NEED TO ???
Major Bank Rate Hike for Investors
The Commonwealth Bank is penalising Investors by charging higher interest rates of up to 0.40% p.a. for Investment Property Loans.
These rate increases do not apply to Owner Occupied Home Loans and has sent a clear message by the CBA to investors to “Take Your Business Elsewhere” if you wish to achieve a competitive interest rate for your Investment Property Loan.
Fortunately for Investors there are many alternative Banks & Non-Bank Lenders with low interest rates who are more than keen to welcome investors as new clients.
If you have a Commonwealth Bank Investment Loan & would like to know more click on “CONTACT US” or talk to our Mortgage Specialists on ph: 0755274744
