
Reasons to refinance now
You don’t need a fire under you to change your home loan? Find out what’s making refinancing hot, hot, hot!

You don’t need a fire under you to change your home loan? Find out what’s making refinancing hot, hot, hot!

There are countless reasons why it pays to use a broker when shopping for your home loan, and even if you want to use your own bank for your mortgage, you can still use a mortgage broker to process paperwork and manage the application on your behalf.

The ANZ has joined the chorus of cutting fixed mortgage rates, cutting two and three-year loans by 60 basis points to 6.44 per cent. Westpac and the Commonwealth Bank also recently announced rate cuts after massive falls in global share markets.

In fact, there are many aspects to financing that your bank may not necessarily tell you about. The following are some of the hidden truths your lender is unlikely to tell you about:

RBA deputy governor Ric Battellino has commented that the Reserve Bank board has had to balance higher-than-anticipated inflation with slowed economic growth. Battellino said inflation for 2011 is likely to trend higher than was forecast last year, while growth estimates have had to be revised downward amid global economic uncertainty and this year’s natural disasters.

When investors talk of buying positively geared property, where are they looking – and do these types of investments still really exist?

When you bought your first property, you had a purpose, the property met your needs, and certainly there was a special connection. Now as the vendor, you are on the other side of the fence. But stepping into that old hat again and being in the buyer’s mind can help you be at the top of the selling game.

Conservative lending criteria and strict application guidelines aren’t turning off savvy property investors, who are increasingly looking for new ways to get their next property deal off the ground.

Property investors and high net worth individuals are benefitting most from the mortgage price war being waged by lenders at present.

As cash flow positive property seems to be on the mind of every would-be investor in the current market, we show you how to track down the deals!