💰 💴 So what’s happening in the world of mortgages and finance?
#Refinances and rebalancing banks books are a happening thing !!
đź’° owner-occupier refinances is at a new record high of $13.6 billion! (The Australian Bureau of Statistics Data)
Here are some of the reasons why this is happening:
đź’ĄFixed-rate periods are coming to an end, which is prompting borrowers to look for better deals
đź’Ą Unique policy changes allowing “mortgage prisoners” to refinance out…
đź’Ą Borrowers are onto their banks”loyalty tax” by shopping around for better deals. If you go to your bank – and say you’ve got a better deal – they have “a pricing department” who will look to match your best offer!!
đź’Ą Homeowners are looking for lower interest rates and innovative solutions due to the recent cash rate hikes by the RBA.
đź’Ą- Lenders are offering cashback incentives to encourage people to switch lenders.
Can you save significant coin ?
Have you got a strategy when your cheap fixed rate turns into a p and I with a 5+% interest rate ?
Would you be open to chat and explore whether there is an opportunity for you to save money on your mortgage?
If so – direct message me or like this post
