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.
