What’s the Latest
Latest in Interest Rates Movements – RBA rate is now 0.25%
Today, not worth quoting a lenders rates as they are likely to change in the short term.
Due to the RBA lowering their rate from 0.75% to 0.50% in February and a further 0.25% drop to 0.25% today, all lenders are re-assessing their rates. From the February rate drop most lenders dropped the full 0.25% on their variable rates, which has been progressively implemented (depending on the lender) at different times throughout March. Now we are in for another series of adjustments, most likely down.
Fixed rates are a whole different ball game with some new rates being announced and some staying the same.
With the lending market continuing to be very competitive, now is certainly a good time to compare the latest variable or fixed rates.
If looking to refinance or purchase, contact Wayne to get an up-to-date rate comparison of the most competitive lenders.
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Loans to suit you
For anyone, couple or individual, buying your first home is one of the biggest decisions you will make in life. Let Wayne Pethybridge take you step-by-step through the process, starting 12 months out, if this is what is required. I can inform you about what is important versus what is not, saving you time and stress. At the same time I can give you the highest probability of success in making that first step into owning property and owning your first home.
Unlike other form of property lending, First Home Buyers has several tools that are available to them, to help make their deposit monies go further. Let LendSure Finance guide you in this area to give you the maximum benefits possible.
Either send a message for Wayne to email or call you, or call Wayne directly if you have any questions. He can quickly determine at what stage you are at in the buying cycle and determine whether a one-on-one meeting is the next step, in helping you successfully get your first home loan.
Your loan repayments will typically be your largest regular payments made, so it makes sense to regularly review these every 2 to 3 years, to be competitive in the market. Complacency here can cost you tens of thousands of dollars – instead of paying extra interest, you can be paying off your loan, years earlier.
Lenders have a habit of slowly increasing your interest rate, so it makes sense to regularly review what is available in the marketplace.
There are several reasons why you may want to refinance your loan, shown below:
- As shown above, to pay your loan out quicker
- To find the cash to put towards another investment property, or other investments
- To pay off higher interest cost liabilities, e.g. consolidation of credit cards / unsecured and secured loans / car loans / tax debts
- To fund the cost of renovating your property – you may be able to fund your renovations whilst not increasing your loan repayments.
Either send a message for Wayne to email or call you, or call Wayne directly if you have any questions. For further assistance he can arrange a one-on-one meeting to determine the benefits that can be gained by refinancing your loan.
Once you’ve learnt the basics of going through the process of owning your first property, and are ready to look at buying another, I can help you with this next step. With the addition of your next property you now need to consider that your loans are structured correctly so you have the right debt reduction and tax minimisation strategies in place.
Everybody’s situation is different – so it is worthwhile having an in-depth discussion with LendSure Finance, to make sure you have your bases covered.
Either send a message for Wayne to email or call you, or call Wayne directly if you have any questions. If further assistance is required he can arrange a one-on-one meeting, to determine the best way for you to go forward in buying your next property.
Out of all the property financing options, investing in property has seen the biggest change, effectively now making it much more difficult to find finance in this area. This highlights –more than ever – the importance of using a mortgage broker, to give you the highest probability of getting your next investment loan. With over 44 residential property lenders to pick from, I can sort out who will give you the highest loan amount, with the most competitive rate.
Interest Only loans are a legitimate tool for the property investor, but care needs to be taken when considering the recent policy changes and restrictions being placed on this type of lending. This is another good reason to talk to a LendSure Finance about these changes and how they might affect you into the future.
Also key is that you have the correct loan structuring in place, so you have the right debt reduction and tax minimisation strategies.
Either send a message for Wayne to email or call you, or call Wayne directly if you have any questions. If further assistance is required he can arrange a one-on-one meeting, to determine the best way for you to go forward in buying your next investment or in the refinancing your investment properties.
In addition to the more than 44 residential property loan lenders available, I have lenders which can provide finance in other areas. Other loan types that Wayne can assist you with are as follows:
- Car and Other Vehicle loans – consumer or self-employed loans
- Secured and Unsecured Personal loans
Either send a message for Wayne to email or call you, or call Wayne directly if you have any questions. For further assistance he can arrange a one-on-one meeting to assist you with your financial needs.