Finance Newsletter – October 2011

Mercia’s Mortgage Brokers

Have you checked your home or investment loan recently?

Rates are all over the place, as the jury is out re the future economic direction.

Want to save interest, how about fixing your rate?

We have a fixed rate of 6.33% for 1 or 3 years. That’s got to be less than you are paying now, and you won’t have to worry about any future increases.

If you don’t want to fix your rate, the answer may be to find a low variable rate. What’s your current variable rate?

Current variable rates are as low as 6.80%. This is not a honeymoon rate for a year or so, it’s discounted for the life of the loan. There are great deals available if you know where to look.

We may be able to find you a better rate at your existing bank, and if not we can do the paperwork to refinance you to a better deal. Some banks are currently offering to pay your fees to switch banks. A broker can show you exactly how much you can save and do the paperwork for you.

If you or anyone you know are suffering “mortgage stress” do something about it now!

If a borrower gets behind or is late with a payment the options to restructure/refinance and ask for help are diminished. Don’t be afraid to ask for help.

Call Dan Goodridge on 0414 423 340 or or e-mail at Mercia Finance  if you require any type of finance information.

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