Monday, 2 September 2013

RBA decision on rates

Today the Reserve Bank has decided to leave the cash rate unchanged at 2.5 per cent.

To view the RBA’s full statement visit http://www.rba.gov.au/media-releases/2013/mr-13-17.html

Client question of the month - When should I consider refinancing?

There are many reasons to consider refinancing such as a job change, buying more real estate, your current lender isn't keeping up with its competitors, and the most common reason we find is to consolidate debts. It's worth weighing up the viability of refinancing from time to time because loan products have improved over the years and there may well be a better deal out there.

Tip of the month

Sending applications to multiple lenders, in the hope that one will say yes, can affect your credit worthiness if the lenders see how many loans you have applied for in recent history.

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