The instinctive response for most people when they hear rates have gone up is to switch from a variable rate to a fixed rate mortgage. That’s understandable. Unfortunately, lenders in a climate of rising rates will make you pay for that interest rate certainty. Also, you don’t have the flexibility of paying off your mortgage sooner with a fixed rate mortgage.
For all your lending needs please don’t hesitate to contact me.
Useful Links www.mfaa.com.au
Mortgage and Finance Association of Australia
www.brokernews.com.au
Up to date information and articles relating to the Mortgage Industry.
www.rba.gov.au
Reserve Bank of Australia
www.sro.vic.gov.au
Victorian State Revenue Office. Up to date information regarding stamp duty etc.
www.asx.com.au
Australian Stock Exchange
www.brw.com.au
Business Review Weekly. Up to date information regarding the property and financial industry.