Loans and Rising Interest Rates
At SaabTeece we love to work with engaged clients. Whilst doing so we identified a gap in our service offering. We did not have a service when clients were seeking finance – home, investment, or equipment.
We would like to inform you that we have formalised a strategic alliance with
Addisons Advisory to fill this gap and enhance our service offerings.
We have been working with Angus & Andrew Algie from Addisons Advisory for a number of years but have recently formalised and streamlined our approach.
With millions of Australian homeowners and investors likely to be slugged with higher loan repayments due to the cash rate hikes, there’s one question on everyone’s lips.
Is now a good time to refinance?
While it depends largely on your individual situation and goals, there are mounting reasons why refinancing should be on your radar.
At the very least, now is a good time to review your home loan to make sure it still measures up.
Please click here if you would like us to forward your details to our friends at Addisons Advisory so see if they can find you a better deal or solution on your home or investment loan.
Here are a few things to consider:
- The Reserve Bank Governor, Philip Lowe, has indicated that more rate rises are inevitable.
- Have you started planning for future rate rises?
- For those on a variable rate loan, with each interest rate hike, your repayments will inevitably go up.
- For those on fixed rate loans, if your fixed rate term is due to expire, it may be time to review your options (note that it may take up to 3 months for this process, so don’t leave it until the last minute).
- Are you a recent first home buyer, you may have seen your variable rate double since settlement, do you have a plan for further rate rises?
- As interest rates and market conditions are moving so fast, what was recently a good deal may not be today.
- Did you know you may be able to get a more competitive rate based on your loan-to-value-ratio (LVR)?
- Did you know some lenders are offering cashback offers to refinance?
- Have you had your loan for a long time and just never looked at reviewing it? Maybe now is the time.
Please click here if you would like us to forward your details to our friends at Addisons Advisory so see if they can find you a better deal or solution on your home or investment loan.
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