Category : Uncategorized

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….

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.