• Benefits of Refinancing your Home Loan

    Benefits of Refinancing your Home Loan The benefits of refinancing a home loan will vary with individual circumstances, as finance needs are often changing, so it makes sense to review your home loan from time to time. This makes sure that it still suits your current circumstances. As your circumstances are changing, so are Home Loan products, rates and features that lenders offer. If you haven’t reviewed your loan for a few years, now is the perfect time to check out the best offers available today with an experienced Credit Adviser. There are number of different reasons to consider refinance, but the most common are: Obtain a lower interest rate…

  • Reserve Bank Sets New Record for Low Interest Rates

    Reserve Bank Interest Rates Today the Reserve Bank announced a target “cash rate” of 2.50 percent, the lowest ever recorded in Australia. On a $300,000 home loan, this interest rate reduction  will reduce repayments by nearly $60 a month  For those looking to purchase a new home,  these lower rates are going to encourage buyers however you should use caution as interest rates aren’t always going to be this low. If the volatility of interest rates makes you unsure about what future Reserve bank decisions might mean, now might be a good time to consider a fixed rate loan. Future changes in interest rates could effect your living standards, to…