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💰 💴 So what’s happening in the world of mortgages and finance?

#Refinances and rebalancing banks books are a happening thing !!

💰 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:

💥Fixed-rate periods are coming to an end, which is prompting borrowers to look for better deals 

💥 Unique policy changes allowing “mortgage prisoners” to refinance out…

💥 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!!

💥 Homeowners are looking for lower interest rates and innovative solutions due to the recent cash rate hikes by the RBA.

💥- 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 

Posted on April 4, 2023

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