November RBA announcement 2017


At today’s board meeting the Reserve Bank decided to leave the cash rate unchanged at the all-time low rate of 1.50%.

Did you have a small flutter on the big race today? If so, we hope you picked a winner!

Melbourne cup race day is, for most of the nation, a once a year day of fun, frivolity and a chance to take a flutter to back a winner.

However, on a more serious note, when it comes to choosing the best home loan, it pays NOT to gamble so quickly with your options.

By using a finance specialist like ourselves, who tracks the finance market every day, we can improve YOUR ODDS in finding YOU the best finance solution.

Keep reading below to take the guess work out of choosing your next home loan, and allow us to help you back a finance winner.

As always, we are here for a chat about your finance options anytime. Feel free to call.

With your BEST INTEREST ALWAYS in mind…

Quantum Investor

The Melbourne Cup is not only known as the race that stops a nation, but also the most difficult race to pick a winner given the field comprises the best of the best. You can however improve your odds when picking a home loan!

The odds

Just because a horse has the shortest odds on the day does not guarantee it will ‘WIN’. Similarly, a home loan with the lowest interest rate does not mean it is going to be the cheapest or best home loan for you.

No two horses are the same

It’s difficult to pick the winning horse as there are many factors contributing to the likelihood of a horse winning: track conditions, weather, horse size, handicap weight, jockey experience, barrier draw and probably even a little bit of luck.

Home loans are similar to horses in that there are many varying attributes:

  • interest rates
  • introduction rates
  • application fees
  • valuation fees
  • transaction fees
  • monthly account fees
  • no monthly fees, and

the list goes on, making it confusing to select the winner.

Choosing a home loan does not have to be a gamble – like betting on a horse.

Improving the odds

While the best way to improve your odds for picking the winning horse may be to obtain a trainer’s tip or rumour, comparing mortgages is a little easier – especially with our help! While a low interest rate might give the appearance of being a winner, it does not necessarily factor in all the additional costs associated with the loan.

One way of determining the TRUE cost of a loan is checking the comparison rate. We have access to comparison tools to quickly and easily review rates and products across different lenders. Speak to us and we will do the legwork for you!

Comparing the odds?

While the comparison rate can be used as a guide it is also very important to consider the features of each loan. We are familiar with the different products and can make sure that we are comparing similar products with the features you actually need and want.

It is not all about the odds

The cheapest home loan is not necessarily the best home loan for you – one of the key factors in home loan selection is matching the home loan to your goals and objectives – both short and long-term.

There are many other considerations other than the financial cost that needs to be explored. What are your future financial goals? What features might you need to best support them such as access to a redraw facility or offset account or bundling with other financial products?

Picking a winner

While picking a winning home loan is not as difficult as picking the winning horse, consulting with a lending specialist will definitely improve your odds.

We present you with a range of options, explain the different products and then YOU make the final decision. Even as experts in this industry we can spend up to 10 hours or more comparing finance for you and working out the correct structure for both now and your future requirements – and we know what we’re doing.

Call the office today to find out more about the field of home loans currently competing to win your business.

We hope you have enjoyed this month’s read, had some luck on the Cup and we look forward to hearing from you soon.

Disclaimer: This article is generic in nature. All investment decisions should be considered wisely and based on your personal and financial circumstances. Seek proper advice before committing to any course of investment action. This is not deemed as advice. ©2017


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