|Below is an update from our Mortgage Brokers, Liquidity FInance.. Please feel free to phone Michael or Danny to set up a free health check on your mortgages and loans.
With kind regards
Today, the Reserve Bank of Australia decided to keep the cash rate at 4.5%.
Although the reprieve may be short lived, as the RBA tries to keep inflation under control, we await an inevitable increase to the cash rate within the next few months.
We have seen the lending market over the last few months become more and more competitive as lenders start to remove previous constraints on lending policies, reduce fixed rates and increase loan to value ratios – all positive signs that our economy remains strong.
We do understand the pressures that any interest rate increase may have on your cash flow, and there may be many ways in which we can assist, whether it be consolidating higher interest rate payments, such as personal loans and credit cards, into your home loan; or finding a better option to the home loan you currently have, we are only too happy to speak to you.
Please feel free to call us today on 02 9290 2777 for a home loan health check.
Michael and Danny