How Much Could You Save On Your Mortgage Repayments?

Last week the Reserve Bank of Australia (RBA) made the record-breaking decision to cut the official cash rate by 25 basis points to 1.50 per cent.

It was the first move since May and experts believe the cut was precipitated by weak June quarter inflation data and a high Australian dollar.

The Commonwealth Bank was the first of the majors to respond to the rate cut, reducing its Standard Variable Rate by 0.13 per cent. It wasn’t long before the others followed.

“In light of the RBA’s announcement last week, some banks have passed on the full rate cut, bringing their investment rates down to a low 4.00 per cent variable and 3.89 per cent fixed for two years,” says Custom Financial Solutions Finance Manager Marg Kudla. “Owner occupied rates are down to 3.75 per cent variable and 3.59 per cent fixed for three years.”

If your rate is above 4 per cent, Marg suggests giving her a call. “Last week we saved one client $1884 a year and another $2568 a year in mortgage repayments. Imagine what you could do with the extra cash,” she says.

Take advantage of these record-breaking rates and contact Marg Kudla from Custom Financial Solutions by email or by calling 9315 9343.

Related Posts

Pets In A Rental Property: What You Need To Know

With house prices out of reach for many Australians, renting is becoming a long …

Read More

5 Things Tenants Are Looking For In A Rental Property

If you want to attract more rent, you need to give tenants what they’re lookin…

Read More

Finding Good Tenants

Right now, many Australians are suffering financial hardship, and a federal mora…

Read More
  • Where should we send your copy?
  • Please view our Personal Information Collection Statement

  • This field is for validation purposes and should be left unchanged.
  • Where should we send your copy?
  • Please view our Personal Information Collection Statement

  • This field is for validation purposes and should be left unchanged.