- July 25, 2014
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Interest rate, Investment Property, Property Renovation, Self Managed Super Funds, Wealth
Big bank rate cuts have given home owners and investor much needed confidence.
Commonwealth Bank lowered its five year fixed interest rate to 4.99 per cent earlier this week, with NAB and Westpac then matching the interest rate.
Borrowers should take advantage of the opportunity to have a full mortgage review.
Now is a perfect time to discuss other things such as variable rate options and financial goals.
ANZ so far have not been drawn on whether it would respond to Commonwealth Bank, NAB and Westpac with rate cuts of its own.
I encourage everyone to contact Formula 1 Finance to discuss the best strategy today.