As the economists predicted, the RBA announced this week that they were cutting the cash rate to 1.5%.
Some of the lenders have followed their lead and passed on the full rate cut, others have passed on a partial cut, some haven’t moved yet.
The important thing here is to look at the big picture rather than just the rate. We don’t get involved in bank-bashing. If you have a problem with your current lender or you feel like you’ve been treated unfairly, let me know and we’ll work with you to find another solution.
There’s so much more to a loan than just the rate, like structure, flexibility, the lenders other offerings, the lenders credit policy – right down to whether or not they have restrictions on different security. All of these could effect you, so chasing the cheapest rate is not always the best option.
The spring selling season is just around the corner, so if you’re planning on buying or selling, now is the time to get ready.
Talk to me to arrange pre-approval to make sure you’re ready to buy when you find the perfect property.
If you’re planning on selling, take a look at your property with a fresh set of eyes – as if you were the buyer.
Make a list of jobs that need to be done and things that need freshening up, and start getting them done.
Whatever I can do to help you buy a new home or investment property, please call.
Don’t spend your valuable time shopping for a loan when I can do it all for you. That’s what I’m here for. Call me!
I’m away from 29th August until 3rd October. My emails will be checked and I’ll still have my phone, so if you need anything, please contact me.
Michael Luca
0405 113 543
michael@lovehomeloans.com.au
