Category : Uncategorized

September, 2021

At its meeting today, the Board decided to leave the cash rate on hold at 0.10%

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

I hope that you and your family are safe and well and if you are in Sydney or Melbourne, you are coping with the lockdown as best as you can.

I just wanted to remind you of the fantastic, fixed rates that are on offer, which are generally lower than the variable rates.

Has the fixed rates reached the lowest they can go?   Maybe now is the time to have a review just to see if this is something you would consider, based on your circumstances.

Just give me a call or send me an email to discuss.

Until next time, please stay safe and well.

RBA MAKES CASH RATE CALL FOR AUGUST 2021

At its meeting today, the Board decided to leave the cash rate on hold at 0.10%

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

I hope that you and your family are safe and well.  As Sydney is in its 2nd lockdown, I want to let you know that I am here to help, and I am committed to servicing your financial needs as usual to deliver the best outcomes for you.

I understand that many are doing it tough so please reach out to seek advice.

Until next time, please stay safe and well. Regards Pauline Sultana

RBA Keeps Cash Rate on Hold

July, 2021

At its meeting today, the Board decided to 

leave the cash rate on hold at 0.10%

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

Australian Government announces 30,000 more Scheme places to support Australians buying a home

From 1st July, 30,000 new places are available under the Australian Government’s First Home Loan Deposit Scheme, the New Home Guarantee, and the Family Home Guarantee.

The Family Home Guarantee was announced in the 2021-2022 Federal Budget to support eligible single parents with at least one dependent child. 10,000 Family Home Guarantees will be made available over four financial years from 1 July 2021 to buy a new or existing home with a deposit of as little as 2 per cent.

The New Home Guarantee, announced in October 2020, is specifically for eligible first home buyers building or buying a new home with a deposit of as little as 5 per cent. It has been extended under the 2021-2022 Federal Budget with 10,000 new places available from 1 July 2021 to 30 June 2022.

10,000 additional places have also been released under the First Home Loan Deposit Scheme for the 2021-2022 financial year.

For more information about the Government Schemes, price caps, eligibility requirements, please email me!

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

RBA KEEPS RATES ON HOLD – ARE YOU PAYING TOO MUCH INTEREST?

June 2021

At its meeting today, the Board decided to leave the cash rate on hold at 0.10%

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

We are coming to the end of the financial year; this is when many Australians complete their tax returns, look at their mortgage statements and realise they are paying too much interest.

If it has been some time that I have reviewed your home loan, please reach out, as I DON’T WANT YOU TO BE PAYING MORE INTEREST THAN YOU NEED TOO!  It doesn’t mean that you need to refinance, sometimes it is a simple as going to your current lender asking to review your rate, in line with what they are offering to new business clients…..it’s that easy!

I look foward to you reaching out to us!

May 2021 – RBA leaves rates on hold

May, 2021

At its meeting today, the Board decided to 

LEAVE THE cash RATE ON HOLD AT 0.10%

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, or possibly split your loan since the fixed rates are even lower than the variable rate.  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.

RATES ON HOLD

April, 2021

At its meeting today, the Board decided to 

LEAVE THE cash RATE ON HOLD AT 0.10%

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

With property prices continuing to soar across the country, some economists are predicting fixed rates to start creeping up in the second half of the year.

Maybe this might be the time to review your current loan, and see whether securing a great fixed rate is good for you, or a mix of both fixed and variable.

Reach out if you would like your current mortgage reviewed!

https://www.mpamagazine.com.au/sections/market-talk/mortgage-rates-set-to-rise-in-months–anz-276095.aspx

Until next time …….

Rates remain on hold

March, 2021

At its meeting today, the Board decided to 

LEAVE THE cash RATE ON HOLD AT 0.10%

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

Whilst the economy has recovered faster than expected, the RBA is still a long way from meeting its inflation and employment goals so a rate hike is still a long way away.

Great news for mortgage holders!

Until next time …….

Welcome to our first update of 2021

At its meeting today, the Board decided to 

LEAVE THE cash RATE ON HOLD AT 0.10%

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

I trust you all had a wonderful Christmas season, and those that have children, have all settled into the school year! 

From 1 January 2021, mortgage brokers will operate under an unrivalled Best Interest duty when providing credit assistance for consumers.

This new legal duty will offer consumers the peace of mind of knowing that their mortgage broker is legally required to act in their best interest and put their interests first.

For us at Pride Mortgage Services, it’s business as usual. I have always had your best interests at heart and will contine to do so.

Remember, I am on your side, it’s just now I have a legal obligation to act in your best interest when recommending a home loan product.

 first.

Until next time …….

Merry Christmas & Happy New Year

December, 2020

At its meeting today, the Board decided to 

LEAVE THE cash RATE ON HOLD AT 0.10%

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

We would like to take this opportunity to wish all of our clients and their families

a very Merry Christmas and let’s hope for a great 2021!

Thank you for your continued support and partnership.

Until our next email in 2021……

RBA SETS HISTORIC NOVEMBER CASH RATE

November,  2020

At its meeting today, the Board decided to 

DROP THE cash RATE TO 0.10%

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, via our facebook page.

If you have any questions, please do not hesitate to contact me.

Until next email….