Mark O'Brien, Mortgage Broker

With rising interest rates many people are finding it difficult to rearrange their home loans because their Bank says they can't afford it now. Recently some Banks have introduced a lower servicing hurdle for refinances from another Bank. Conditions apply and you can't be wanting more funds but with the lower rates on offer for 'new business' it is a way for people to at least get some interest rate relief as we manage through these difficult financial times.

If you or any of your friends want to get some relief, let me know and let's see what can be done. Call or message me on 0410 570 218

All the lenders currently have excellent rates (both fixed and variable) available at the moment. It may be possible to review your loan and get a much better rate. I can be contacted on 0410570218. Please let friends and family know.

Paying attention to your financial budget is now more important than ever before. I have a fairly comprehensive Buget tool that can assist understand and identify changes to improve your budget.

There are some very good fixed interest rates being offered by the Banks. Consolidating debt whilst rates are low is a way to manage finances during difficult times. Say safe and well and look after each other.

I have been sharing this with clients for the past few years.
How to ‘iron out’ the peaks and troughs in your cash flow.
Multiply your monthly home loan payment by 12, add on your annual bills like Car registration, House & Contents Insurance and Council Rates. Divide the total by 12 and make these payments to your Home Loan, when the bill comes in for Rego etc you simply redraw it from your home loan and pay it etc for other bills you have allowed for.
While the money sits in your home loan it is saving you interest.
There are a few variations to this basic way of using your Home Loan as a cash management tool, you can divide by 11 and pay January to November and then ‘skip’ the December payment (can be a little technical but able to be done for all variable rate loans with redraw), thereby not only ironing out peaks and troughs but also enabling you to keep the monthly payment for December for Christmas – who can’t do with some extra funds at Chrissy!

The Bank's have now made it much it easier for borrowers who wish to consolidate. With rates being cut, now is a good time to consider consolidating home loans, personal loans and credit cards, whilst maintaining a higher repayment on your home Loan. I can be contacted on 0410 570 218

The Bank's are loosening their grip on lending, making it easier for borrowers. With rates being cut, now is a good time to consider consolidating home loans, personal loans and credit cards, whilst maintaining a higher repayment on your home Loan. I can be contacted on 0410 570 218