As you may be aware, interest rates are at multi year lows and many banks have been cutting mortgage rates below 5.0%!
If you are currently paying more than 5.0% interest on your mortgage then we strongly urge you to contact us and organise an obligation-free mortgage review appointment.
This simple exercise could save you thousands!
Accessing a lower interest rate is just one of many reasons that 20,000 Australians per month and refinancing their mortgage. Other times when mortgage refinance is something that you should consider are:
- When there have been significant changes to your personal and financial circumstances;
- When you are looking for more money to pay for home renovations, property investment etc; and,
- When you have acquired large credit card debts which have a high interest rate attached to them.
Christmas can be an expensive time for everyone, and if you have acquired credit card debt after the recent festive season then we invite you to contact us regarding refinancing your mortgage. Consolidating your debt into one low interest rate can literally save you a substantial amount on repayments.
If you would like more information on this matter then you can check out our January newsletter which contains articles on refinancing, post-Christmas credit card debt and also has some tips for organising your finances in 2015. You can access this by clicking the link at the bottom of this page.
If you would like to book an obligation free mortgage review appointment then please contact Iconic on 1300 663 943.
We will be back with you next month with the RBA announcement.
Have a great week ahead!
Iconic Home Loans