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Hello,
History is in the making as home loan rates are cut to record lows. Its an exciting time to be involved in home ownership, as we see the benefits it brings to buyers, investors and home owners alike.
We start the newsletter by looking at how low interest rates are expected to go, followed by an article on why refinancing your mortgage can save you thousands.
Our third article reviews property market trends and what this means for your prospects to buy or sell.
Lastly we look at the latest craze of online social networking: is it value or hype?
Enjoy this newsletter and feel free to pass it on to family and friends.
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PO Box 741
Rozelle NSW 2039| Tel: | 1300 885 559 | | Mob: | 0405 534 344 | | Fax: | 1300 885 559 |
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Rates: How Low Can They Go?
The last time mortgage rates were this low we were buying bread for 14 cents a loaf, listening to Elvis Presley on record-players and watching black and white TV.
Official interest rates have dropped to an incredible 50-year low, bringing about massive reductions in fixed and variable home loan rates. For the homeowner with a mortgage of $300,000 on a 30 year loan, a one percentage point cut in interest rates equates to savings of $197 per month.
Read More >>
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Refinance: You Could Save Thousands
This time last year we published an article on whether to refinance in the wake of rising interest rates. Today we re-visit this topic from the opposite side of the coin - whether to refinance in the wake of interest rates that are going down, rather than up!
It's a reversal of fortune that has put the smile back on the face of home owners across Australia.
Read More >>
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Price Tags Count, Postcodes Don't
An exclusive postcode is no longer such an asset as property prices continue to drop at the top end of the market.
It is the wealth belt suburbs, where prices have risen strongly for the past four years, which are now the most affected by the economic downturn.
Read More >>
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Online Social Networking - Value or Hype?
If you haven't already joined a web site like MySpace or Facebook, chances are you will in the near future.
For some of us, it's curiosity that draws us in, for others the chance to connect.
Read More >>
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Mortgage & Finance Association of Australia
Sydney Mortgage Practice is a member of the MFAA, the peak governing industry body. All members are bound by a strict code of ethics to ensure the highest levels of service, integrity and professionalism.
John Kinross is an Accredited Mortgage Consultant of the MFAA. This means that he has proven qualifications, experience and expertise in the mortgage industry.
MFAA number is 10977.
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About Us
Sydney Mortgage Practice has developed relationships with over 30 lending institutions in Australia. Our experience in liaising and negotiating with these wide range of lenders makes the process of securing property finance easy for you. The broad range of lenders on our panel enables us to satisfy (just about) all mortgage scenarios we encounter.
Sydney Mortgage Practice manages the whole process of obtaining funding from a lender on your behalf - from application through to the settlement of your loan.
We are committed to sourcing the most competitive loan from our panel lenders to suit each client's circumstances.
We aim to achieve the highest levels of customer satisfaction and to build long term relationships with our clients.
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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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