At its meeting today, the Board decided to
LEAVE THE CASH RATE ON HOLD AT 1.5%
The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE
With the current financial climate forcing Lenders to raise their Investment and Interest Only rates, there are still good deals to be had for Owner Occupiers looking to refinance their current mortgage and to consolidate other debts that are attracting high interest rates. Eg Personal Loans, Motor Vehicle Finance & Credit Card facilities.
You may be able to use the current equity in your property to consolidate your other debts with your mortgage and enjoy a better interest rate along with the benefit of freeing up that monthly cashflow.
Why not review your current financial position and ask us how we can help you make this happen.
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Until next time….