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Hello,
Interest rates are the topic on everyones lips. Were often asked for advice from clients worried about what the rise in interest rates will mean for their home loan repayments.
Its with this in mind that we have dedicated two articles to the topic of interest rates - 'watching rates with interest and 'fixed vs. variable rate home loans. These articles provide a background to the factors that affect interest rate fluctuation, as well as outlining the pros and cons of moving to a fixed rate home loan.
The article below deals with another topical issue - the housing affordability crisis and how it has prompted increased innovation and flexibility in home loan lending.
Lastly an article on non-bank lenders and their position in the aftermath of the US credit crisis.
Enjoy this newsletter and feel free to share it with 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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Watching Rates With Interest
If there's one thing most of us don't like hearing about, it's another rise in interest rates.While no one can predict whether rates will keep rising, the Reserve Bank (RBA) has indicated that further hikes are on the cards.
The RBA's latest quarterly review of the economy* reveals inflation is moving upward to reach levels of 3.5 to 3.75 per cent through next year and into 2010.
Read More >>
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Fixed vs. Variable Home Loans
To fix or not to fix? It's a question that has become increasingly common in the wake of rising interest rates.Unfortunately there's no simple answer, as your decision to choose a fixed or variable home loan largely depends on your financial situation and personal preference.
The good news is that as your broker we can assess your individual situation and help you make an informed decision that will bring long term benefits.
Read More >>
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Non-bank Lenders
When the US credit crisis hit, the safety of non-bank lenders came under question.As non-bank lenders generally fund their operations through offshore investors, it was thought that they would be more vulnerable to the global credit squeeze.
Time has since proved the critics wrong, as non-bank lenders have demonstrated their ability to weather the storm.
Read More >>
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Innovative Funding
With housing affordability at a record low, you may be wondering how you will ever make a go of it in the home ownership market.Thankfully the rise of innovative lending products is creating more options for borrowers starting out. As housing prices continue to rise, lenders have begun developing products that put home ownership back within easy reach.
One such product is Equity Finance Mortgage (EFM), a new type of home loan that is still hot off the press.
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 2007.
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