Reserve Bank of Australia (RBA) have again decided to lower the cash rate by 25 basis points to 1.50 per cent, effective as of today 3 August 2013.
The major banks have quickly responded to RBA’s rate cut but have only reduced the interest rate between 0.10% to 0.14% so far.
How To Get Discounted Interest Rate
Luckily, as premium mortgage brokers with many lenders, Mortgage Corp can negotiate some very competitive interest rates with the banks on a case by case basis based on your loan size, loan amount and structure. We have been successful in assisting many of our clients with discounted interest rates outside the banks’ advertised interest rates.
You may have read in the news a lot mortgage jargons such as different basis points, percentage, owner occupied, investment loans, variable , fixed, interest only… and the conditions on the lenders product page, all of these can be confusing and overwhelming.
If you think those interest rate comparison sites will help you find the lowest interest rate, think again! Buying a property or refinance your mortgage is not as simple as comparing the price of apples and bananas in the supermarkets. Keep in mind the cheapest rate is not always the most suitable option for your individual situation.
Unlike many mortgage brokers that may be able to help you with general loans but simply don’t have the skills, experience or resources to genuinely help property investors maximise long-term wealth, Mortgage Corp helps investors develop a strategic approach to property investing and structure you loan for long term investment success.
Stay Tuned For Non Bank Lenders Special Offers
Don’t forget the non bank lenders. They are likely to make their announcements on interest rates over the next few days. One of their products may offer you a better interest rate and conditions and more importantly may be more suited to your individual situation in the long run.
We work with both banks and non bank lenders to make sure we get the most suitable loan product and correct loan structure for your situation so you can grow your property investment portfolio faster and reach financial freedom sooner.
Time to Restructure Your Loan for Long Term Investment Success
If you haven’t reviewed your mortgage in the last 6 months, now it’s the best time to book a Free Loan Strategy Session and let us help you restructure you mortgage for long term investment success.
About Mortgage Corp
Based in Mount Waverley, Mortgage Corp specialises in helping successful professionals and property investors maximise their long term investment return with our strategic approach to loan serviceability, tax savings and wealth creation.
While most banks and brokers focus on merely getting you a loan, Mortgage Corp is committed to getting you a comprehensive investment result. Request a Free Loan Strategy Session with our 5 Star Lending Specialist Neil Carstairs today!
About Neil Carstairs
Neil is the founder of Mortgage Corp, an active property investor and awarding winning MFAA accredited finance broker with more than 10 years’ mortgage broking experience. Currently, Neil is one of only 19 MFAA Certified Mentors in VIC/TAS region.
He is known for his strategic approach to investing and ability to reach fast, successful outcomes for clients where his industry peers could not. Connect with Neil on LinkedIn.