Call: (07) 5527 4744

Monthly Archives: March 2013

INSIDER TIP … Westpac to Increase Fixed Rates

March 18, 2013 in Insider Tips, Latest News, Rate Rises

 

WestpacDPF Mortgage Specialists has received an “INSIDER TIP” that Westpac Bank will be increasing their 2 Year Fixed Interest Rate from 4.99% p.a. to 5.29% p.a. this Wednesday (20/3/2013).

If you wish to change all / part of your Westpac Home Loan to the 2 Year Fixed Rate of 4.99%p.a. before the increase contact Westpac Home Loan Helpline on ph: 132558 URGENTLY.

 

TO FIX … or NOT TO FIX ???

March 7, 2013 in Insider Tips, Latest News, Rate Cuts, Rate Rises

1_fixed-variable_192-192x128

As you would expect there is no “One Right Answer” that can apply to everyone’s personal circumstances and strategies however there are several basic “Pro’s and Con’s” and “Handy Hints” that you need to know before you can determine the “Right Decision for You”.

Fixed Interest Rates

Advantages

  1. Safe from rising interest rates
  2. Guaranteed loan repayments
  3. Record low rates

Disadvantages

  1. Additional repayments limited
  2. No / Limited Redraw
  3. Break Costs may apply if loan is repaid (Full or Part)

Variable Interest Rates

Advantages

  1. Save $$$ if Interest Rates fall
  2. Additional repayments –  No limits
  3. Redraw
  4. 100% Offset Account (if available)
  5. Can switch to a fixed interest rate at any time

Disadvantages

  1.  Interest Rates can rise

Handy Hints:

  1. Achieve the benefits of each rate type by selecting a combination of both (i.e. Part Fixed + Part Variable) 
  2. Select a Fixed Rate term that does not exceed your known plans (i.e. Avoid paying Break Fees)
  3. Seek “FREE” advice from an experienced Mortgage Specialist … One 5 minute chat can save you THOUSANDS $$$

 

All clients of DPF Mortgage Specialists are eligible to receive advice from our licenced Mortgage Specialists AT NO COST.

Simply click on “CONTACT US” or phone (07) 5527 4744

 

RBA … No Change Rates

March 7, 2013 in Insider Tips, Latest News, Rate Cuts, Rate Rises

 

House RatesBREAKING NEWS … No Change to Interest Rates

5th March 2013 –

Following today’s Board Meeting the Reserve Bank has elected to retain the Official Cash Rate at the current level (3%). This decision was widely anticipated considering the recent financial data confirming improvements in the domestic economy combined with an increasing sense of stability in the USA and European Economies.

The Reserve Bank is prepared to reduce rates further during 2013 if / when this action is required however the decision to keep rates on hold during March is supported by most Senior Economists.