Mortgage Brokers Sydney – Why now is a good time to review your home loan?
On the 6th May 2015, the Reserve Bank of Australia decided to lower the cash rate by 25 basis points to 2.0 per cent, making it the lowest cash rate in Australian history.
If you are a home owner or business owner, it could mean extra dollars in your pocket and an exceptional time to explore new financing opportunities to achieve any personal or business objectives you may have. Now more than ever is a good time to be speaking to a good local mortgage broker in Sydney and see how you can benefit from being in this low interest rate market.
5 ways you can benefit from a low interest rate market
- Low rates – The smartest thing for homeowners to do right now is to take a look at their current loan and rate, do some research, talk to local mortgage brokers in Sydney, and consider if it is worth refinancing by moving to a lower interest rate product.
- Lower payment – If you lower your interest rate, you may lower your overall monthly payment. For many homeowners in Sydney, being able to gain control of their budget and have extra dollars to save or spend on the family is important.
- Renovate – If you have been thinking about renovating, now is a great time to do it. Maybe a new kitchen or bathroom? The opportunity with renovating is that it can add incredible value (and profit) to your property.
- Upgrade – If you think you have outgrown your current house, it could be an excellent period to upgrade and buy a larger one. Family sized homes are hot real estate right now.
- Self–employed – If you are a small business and have been thinking of buying new equipment or expanding your business, now is a good time to consider speaking to a finance broker and see if there are any small business loans products that you can qualify for.
Why it’s important to work with good mortgage brokers in Sydney?
Protecting your financial future is not a one-off loan transaction that you engage a mortgage broker for.
Looking for mortagage brokers in Sydney?
You can contact experienced and professional mortgage broker from our Tradebusters Connect Top 3 Local Choice directory.
Here you will find highly recommended businesses near you.
Their contact details are available on this website, and you are free to contact them directly. Check out an area near you today.
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