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Hello,
Welcome to our latest newsletter. In this issue we take a quick look at the pros and cons of outsourcing your renovations. While DIY can be rewarding you need to weigh up your options. You may then be surprised by our housing affordability compared to other countries.
An unfortunate fact of life is that accidents happen. Our article on trauma insurance reminds us all that while we can't prevent accidents we can reduce their financial impact. Finally we ask if you are paying for unused features on your credit cards?
We hope you find the newsletter of interest. Please pass your copy on to family or friends. We look forward to helping you, and those you recommend our services to. Please call with any questions.
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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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Renovate or emotionally detonate?
You really like where you live but not the house you live in. Renovating your house then becomes a viable alternative to the costs of selling, buying and moving somewhere else.
There are three main ways people renovate. They self-manage the project, meaning they find the different trades, get them to quote, co-ordinate them so the different trades turn up when and where wanted, pay them and so on. The second way is to go the all encompassing route and have one builder do everything all in one package. The third way is to hire an architect or a building professional to manage the whole thing for you.
Read More >>
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Home Affordability and you
How do you think Australian cities rate when it comes to home affordability around the world? The answers are in the 3rd Annual Demographia International Housing Affordability Survey 2007.
Read More >>
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Avoiding Trauma makes sense.
There have been lots of new products in the insurance world in the last ten years or so. One of those that are important but often quite misunderstood is called trauma cover.
Life cover is helpful, if you or your partner die, then the person left can have the mortgage paid off so that there is one less thing to be worried about at such a critical time. Life cover however pays only on the death of the insured person and a claim within the terms of the life policy. So, what happens if the person covered has a serious car accident or is severely disabled but does not die? Life cover doesn't pay out yet the person probably cannot work as a result and the mortgage still needs to be paid.
Read More >>
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Have you got the right credit card?
Australians have very much taken to using credit cards. According to the Reserve Bank, at the end of January 2007 Australians owed about $38.4 billion on credit cards.
With 20.7 million of us, every man, woman and child owes around $1,855.00 on a credit card. The intriguing and important question is do you have the right card to suit your needs and your budget?
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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