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.
