Finance Newsletters
Finance News – July 2011
June 27, 2011 | 
Author 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 no application fee loan with a fixed rate of 6.99% for 3 years. That is probably less than you are paying now, and you won’t have to worry about any future increases.
If you don’t think rates are going to rise the answer may be to find a low variable rate. What’s your current variable rate?
Current variable rates are as low as 6.90%. This is not a honeymoon rate, 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 work 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.
Remember that Mercia finance brokers can assist you with car loans, home loans, Lo-Doc home loans for the self-employed, construction loans and any other type of mortgage or loan. Our service is free of charge to you the borrower and we have access to all the major lenders in WA. We also can help you with reverse mortgages, first home owners grants and shared equity.
A Mercia Mortgage broker can give you independent advice and comparisons between all the major lenders.
All these services are provided by our friendly and professional mortgage brokers at no cost to you – so you have nothing to lose and everything to gain.
If you would like to speak to a broker, call Dan Goodridge on 0414 423 340 or e-mail dg@iinet.net.au.
Posted in 
Finance April 2011
How to read rates?
Are you like most borrowers, looking to ensure you are on the best rate? One way to stop worrying is to fix some or all of your loan.
Mortgage brokers are continually checking the best rates available for their clients. We have found a 3 year fixed rate of 7.15% (comparison rate of 7.34%).
This is with Police and nurses credit. They offer great variable rates too , so you could split your risk with a variable rate of 6.99% and a fixed portion of 7.15% for 3 years. 7.15% is less that many borrower are paying on their current variable loans. So you will be ahead from day one – and if rates rise your savings will increase.
If you would like to have a no obligation confidential review of your borrowings call Dan Goodridge on 0414423340 . Mercia Mortgage brokers.
Finance February 2011
How’s your rate?
Are you one of the many dissatisfied with your bank? If you’re looking to take advantage of the new government push to increase banking competition we may be able to save you thousands in interest per year.
Mercia finance can arrange for you rates as low as 6.89% PA. Variable < 65% LVR . or 6.99% LVR up to 90% Low fees Free offset Debt visa Low early repayment / deferred establishment fee No application fee No legal fees No valuation fee ( standard valuations)
Example commonwealth bank standard variable 7.81%. you could save up to 0.92 % PA. That’s $4 600.00 per year on a $500 000 loan. 6.89 vs 7.81 Interested?
Contact Dan Goodridge at Mercia finance on 0414 423 340 for an obligation free chat.
Remember we don’t charge for our mortgage broking services.