Finance Newsletters
Finance Newsletter – February 2012
January 31, 2012 | 
Author Good news for all borrowers – lower variable rates. Use this opportunity to speak with a mortgage broker to ensure your bank is passing on the full 0.25% discount and that you have the best loan for your circumstances.
Some banks are currently offering great discounts on home and investment loans.
A great rate is available from ANZ. You can get a variable rate of 6.3% for loans over $500 000 or 6.4% for loans over $250 000. Compare that with your bank’s current offering? Existing ANZ customers are paying more that this and don’t qualify for the new discounted rate. (If you call me I may be able to arrange this discount for existing ANZ customers.) There are also fixed rates available for as low as 5.75% for 3 years.
There are many benefits of using a mortgage broker and our services are provided to the borrower free of charge.
Call Dan Goodridge on 0414 423 340 or e-mail dg@iinet.net.au at Mercia Finance for obligation free finance information.
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Finance Newsletter – December 2011
Interest rates
Good news for all borrowers – lower variable rates. Use this opportunity to speak with a mortgage broker to ensure your bank is passing on the full 0.25% discount and that you have the best loan for your circumstances.
There is more good news for borrowers with businesses. One or the world’s largest banks, Citibank, is breaking the rules and financing business loans at discount residential rates. If you have equity in your house or residential investment property, you can refinance your business debts at rates as low as 6.65%. Citibank is also currently offering to pay borrowers $1 000.00 to switch their loans to Citibank. It often costs less than $1 000.00 to switch banks, if so, you can keep the balance. You may be paid to switch to a lower interest rate!
Have you considered fixing your interest rate? Fixed rates have tumbled recently. You can now fix your rate for as low as 5.98% for 1-3 years. If you are interested in having a mortgage assessment to see how a fixed rate may help you contact Mercia’s mortgage broker. Call Dan Goodridge on 0414 423 340 or or e-mail dg@iinet.net.au at Mercia Finance to find out more or if you require any type of finance information.
Finance Newsletter – November 2011
Interest rates
Good news for all borrowers – lower variable rates. Use this opportunity to speak with a mortgage broker to ensure your bank is passing on the full 0.25% discount and that you have the best loan for your circumstances.
There is more good news for borrowers with businesses. One or the world’s largest banks, Citibank, is breaking the rules and financing business loans at discount residential rates. If you have equity in your house or residential investment property, you can refinance your business debts at rates as low as 6.65%. Citibank is also currently offering to pay borrowers $1 000.00 to switch their loans to Citibank. It often costs less than $1 000.00 to switch banks, if so, you can keep the balance. You may be paid to switch to a lower interest rate!
Call Dan Goodridge on 0414 423 340 or or e-mail dg@iinet.net.au at Mercia Finance to find out more or if you require any type of finance information.
Finance Newsletter – October 2011
Mercia’s Mortgage Brokers
Have you checked your home or investment loan recently?
Rates are all over the place, as the jury is out re the future economic direction.
Want to save interest, how about fixing your rate?
We have a fixed rate of 6.33% for 1 or 3 years. That’s got to be less than you are paying now, and you won’t have to worry about any future increases.
If you don’t want to fix your rate, the answer may be to find a low variable rate. What’s your current variable rate?
Current variable rates are as low as 6.80%. This is not a honeymoon rate for a year or so, it’s discounted for the life of the loan. There are great deals available if you know where to look.
We may be able to find you a better rate at your existing bank, and if not we can do the paperwork to refinance you to a better deal. Some banks are currently offering to pay your fees to switch banks. A broker can show you exactly how much you can save and do the paperwork for you.
If you or anyone you know are suffering “mortgage stress” do something about it now!
If a borrower gets behind or is late with a payment the options to restructure/refinance and ask for help are diminished. Don’t be afraid to ask for help.
Call Dan Goodridge on 0414 423 340 or or e-mail dg@iinet.net.au at Mercia Finance if you require any type of finance information.
Finance News – September 2011
How’s your Mortgage?
There have been lots of changes in the finance industry over the last few months. Are you up to date with rates, fees, charges and the new rules regarding discharge fee bans?
Looks like rates are on the way down, as many banks are rapidly reducing their fixed rates (for example, 6.34% fixed for 2 years). This is usually followed by lowering of variable rates. A quick assessment of your current position with a mortgage broker can make sure you are taking advantage of the new rates environment. New government regulation in regards to switching make it easier and cheaper to change banks if you can get a better deal somewhere other than your current bank.
If you are not sure if or how any of the above may apply to you, an obligation free assessment with a mortgage broker will show you any potential savings. Mortgage broker services are free of charge.
Call Dan goodridge on 0414423340 or or e-mail dg@iinet.net.au at Mercia Finance if you require any type of finance information.