Tax time and RBA leaves rates as they are
The Reserve Bank has kept the cash rate at two per cent this week as was expected.
Popular opinion is that we shouldn’t see any movement with the cash rate in the near future.
Despite this, some lenders have already started to increase their investment loan rates and reduce their exposure in this category to keep investment borrowing ‘in check’ and remain in favour of ASIC and their regulatory guidelines.
It’s also that time of the year to seriously consider restructuring your home or investment loan, especially with rates remaining at all-time lows.
There are still many borrowers out there who are paying way too much simply because they couldn’t be bothered or think it will cost too much to switch – it won’t!
The ‘worst’ that can happen is we will save you money!
Please give me a call on 0438 041 111 for a confidential discussion and to arrange your home loan health check. It’s quick and could save thousands of dollars.
As always, enjoy life, work hard, play safe and remember that we are always here to help you
‘Take the Confusion Out of Lending’
Peter Vinci - 0438 041 111