RBA LEAVES RATES ON HOLD – CALLING ALL FIRST HOME BUYERS

September 2020

At its meeting today, the Board decided to 

LEAVE THE CASH RATE ON HOLD AT 0.25%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

Calling all First Home Buyers!!!

Did you know that the federal government has rolled out their First Home Loan Deposit Scheme?

Basically, the government is insuring the loan – saving you on the mortgage insurance….and a minimum deposit only needs to be 5% of the purchase price.  

If you are single you can earn up to $125,000 each year, and for couples the amount is $200,000 combined annual income.

If you are looking at purchasing in NSW (capital cities and regional centres) the maximum purchase price is $700,000

There are not many of the original 10,000 places left, however there will be a new release of 10,000 places on the 1st July 2021.

To find out more, follow the link below.

https://www.nhfic.gov.au/media/1309/fhlds-fact-sheet-july-2020-final.pdf

If you know a First Home Buyer, feel free to share this email with them!

Until next time, please stay safe and well, and reach out if you have any questions regarding your mortgage.

AUGUST 2020

At its meeting today, the Board decided to 

LEAVE THE CASH RATE ON HOLD AT 0.25%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

I don’t know about you, but I have been flat out recently. To remedy that I have bought Nicole Drinkwater on board, she is my Loans Administrator. If you receive emails or phone calls from her, make yourself known and make her feel welcome.

Are you interested in trying to save some money, but have me do all the work? If the answer is yes I need you to provide me with three things: –

 1. Your Current Lender

 2. Your Loan balance, and

 3. Your Interest rate.

Let’s be honest if your interest rate is in the threes you are paying too much, let me do all the work and save you some money.

Look forward to your email or sms!

Until next time, please stay safe and well, and reach out if you require any assistance.

July 2020

At its meeting today the RBA decided to leave the cash rate on hold at 0.25%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

No content today – just watch my video!

Until next time, please stay safe and well, and reach out if you require any assistance.

JUNE, 2020

At its meeting today, the Board decided to leave the cash rate on hold at 0.25%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

With the easing of more restrictions yesterday hopefully those that work in the industries of hospitality, beauty etc, have returned to work.  Let us hope that we continue to decrease the cases of Covid-19 in Australia and continue to ease restrictions further.

Whilst we are slowly returning to normal, I cannot stop thinking of what is happening in the United States right now.   Let us all pray for calm and serenity in the World, while justice prevails.

Until next time, please stay safe and well, and reach out if you require any assistance.

May 2020

At its meeting today, the Board decided to 

LEAVE THE CASH RATE ON HOLD AT 0.25%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

Australia’s cash rate is at its lowest level in history.  Does that mean the time is right to make the most of the lower cash rate environment and refinance your mortgage?

If you took your loan out a while ago, it is worth shopping around and checking in with your lender to see if you can get a bigger discount.  If not, refinancing your mortgage can be beneficial in several ways.

Why not drop me a line to see if your current mortgage rate is competitive and let me go to your lender for a better rate.  Alternatively let me show you some great rates that are available.

Until next time, please stay safe and well.

Regards,

Pauline Sultana

Special March Meeting, 2020

At its meeting today, the Board decided to 

DROP THE CASH RATE TO A RECORD LOW 0.25%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

The coronavirus outbreak is having a significant effect on the Australian economy.  Let’s hope these measures will support jobs, incomes and businesses through this difficult period.

I will keep you posted on developments from the lenders, over the coming week via our facebook page.

March 2020

At i ts meeting today, the Board decided to 

Drop the cash rate to a record low 0.5%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

The coronavirus outbreak is having a significant effect on the Australian economy!

I will keep you posted on developments from the lenders, over the coming week via our facebook page.

RBA LEAVES RATES ON HOLD AT ITS FIRST MEETING

February, 2020

At its meeting today, the Board decided to Leave cash rate on hold at 0.75%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

Welcome to the first email of 2020.  I trust you all had a wonderful Christmas season, and those that have children, have all settled into the school year! 

There has been some exciting news for First Home Buyers, with the introduction of the First Home Loan Deposit Scheme.

It allows first home buyers to purchase a property with the government providing a guarantee, avoiding thousands of dollars in mortgage insurance.  First Home Buyers only need a minimum deposit of 5% of the purchase price.   The Grant rolled out on the 1st January – initially with CBA & NAB, but from 1st Feb, there was a new roll out which included other regional lenders with 7,000 places becoming available.

From 1 July there will be a further 10,000 places available.

If you know someone that is a First Home Buyer, please feel free to share this email, and ask them to contact us and let us show them how to get into their first home sooner!

Until next time …….

RBA Leaves rates on hold at 0.75%

November 2019

At its meeting today, the Board decided to 

LEAVE THE CASH RATE ON HOLD AT 0.75%

The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE

With interest rates at an all-time low, and lenders offering rates in the high 2%, (for owner occupied loans) this is a great time to check your home loan statement and see what your current interest rate is.  Even though interest rates have dropped, I urge you to see if your home loan is still competitive.   Some lenders are even offering cash back offers to refinance with them.

This also applies to investment loans.  They aren’t as sharp as the owner-occupied loan, but there are some great rates available.

So why not drop me a line and tell me what your current interest rate is!

October, 2019

At its meeting today, the Board decided to 

DROP THE CASH RATE TO 0.75%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

I will keep you posted on developments from the lenders, over the coming week.

There are big changes to how your credit rating is calculated which are taking effect, with lenders able to access more information about your credit history than ever before.

We all need to borrow money at some point, so I encourage you to read the below article so you are aware how it may impact you.

Read the full article  here

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