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Hello,
Now that we are in a new financial year it might be a good time for you to purchase that property you have been dreaming about or investigate whether there is a cheaper home loan out there than your current one. Please dont hesitate to call me to discuss your finance options.
While many of us dream of lying by a pool in the warmer months the reality throughout the year can be a lot of work. Our first article discusses that some home owners even decide to remove their pools.
Water saving devices and efforts are increasingly needed. Our article on water saving reveals there are additional reasons to consider what you can do as a home owner or property investor.
Remember we are here to help you. Please pass on this newsletter to any friends or family members. We are very grateful for the number of referrals we receive from existing clients.
We hope you enjoy our latest newsletter and look forward to hearing from you.
Warm Regards,
Patrick OBrien
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PO Box 319
Toongabbie NSW 2146| Tel: | 1300 66 12 11 | | Mob: | 0404 037 663 | | Fax: | 02 8214 6592 |
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In the Swim
Thinking of filling in the pool? Previously the demolishers came in when a pool had problems that were going to be too expensive to fix. However, they are increasingly brought in to get rid of perfectly functioning swimming pools... Why?
Having a swimming pool may affect the property's sales potential by ruling out some groups of buyers. Older buyers may not want the maintenance work and those with very young children may think it a safety hazard.
Read More >>
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Comparing apples with apples
How do you compare apples with apples when assessing the interest rates advertised by lenders?
If it were a level playing field, all you would have to do would be to take the interest rate of one, compare it with another and that would be that. But it's not a level playing field! An interest rate may appear low but the existence of a front end charge, or other monthly fees and charges must be taken into account when calculating how much this loan is going to cost you in all forms of payment ie total fees and charges as well as interest.
Read More >>
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Water, Water Everywhere?
In many parts of Australia today people have their eyes fixed squarely on their dams. We've never been this concerned about water, or more correctly the general lack of it. Given the worst drought most Australians alive today have ever experienced and the harsh water restrictions that have resulted, it's about time we all became more water wise. Governments at state and local level all seem to be pushing the idea that we have to make our houses more water efficient for the benefit of our communities and for our long term survival generally.
Read More >>
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Share Market on a high!
The Australian love affair with shares seems to be growing as fast as the Australian share market.
Estimates vary, but if you include the fact that we own shares because most have money tied up in superannuation that is invested in shares, then around 65% of the population hold shares directly or indirectly. Share ownership has also happened in recent years when organisations like the AMP demutualised and handed shares over to their former members.
One of the easiest ways to see how important the share market has become to ordinary people is the way share market information now invades every day life.
Read More >>
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Mortgage & Finance Association of Australia
Mortgage World Australia is a full member of the MFAA. As a member we must adhere to an Industry Code of Practice, which requires professionalism, ethical behaviour, transparency and a commitment to you, the borrower.
This helps to ensure that your best interests are at heart whenever we make a finance recommendation.
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News & Specials
- Bankwest have brought back their Rate Tracker Home Loan which offers a 0.90% p.a. discount off the average standard variable rate of the big 4 banks for the first 3 years of the loan. There is also no early repayment penalty on this loan which means you can refinance after 3 years without being charged a hefty exit fees.
- As of Monday 13th July RAMS are offering a FlexiFix product where up to a maximum of 50% of the loan amount can be fixed for 2 years at 4.99% p.a. rolling over to the Smartway Variable rate after 2 years. Variable portion can only be taken as a Smartway Variable loan which currently offers an interest rate of 5.49% p.a.
- St.George are offering a 0.15% p.a. discount off their fixed rate home loans if taken under their Advantage Package. Westpac are offering a 0.20% p.a. discount off their fixed rates under their Premier Advantage Package.
- Although most lenders are no longer offering cheap low doc interest rates RAMS are still very competitive in this market.
- Go into the draw to win $10,000 in Cold Hard Cash by either booking an appointment with us, using our services to take out a home loan or by referring a friend. Competition ends on 31st July 2009.
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Disclaimer: This newsletter is intended to provide general news and information only. Readers should rely on their own enquiries before making any decisions regarding their own interests. Please do not rely on any part of this newsletter as a substitute for specific legal or financial advice. All material is copyright 2009.
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