BY FARAH ABDURAHMAN
THE call offered a favourable reprieve for hardworking Australians who have been slugged with the rising cost of living.Yellow Brick Road branch principal Carol Russell said it was no secret that Aussie families were doing it tough.
"But with the cash rate solidified at 4.75 per cent until September and fixed rates dropping, now is a good time to consider refinancing or shopping around for a better deal," she said.
"Ask yourself a few important questions:
¦ "Are your needs from your loan the same as they were when you first took it out?
¦ "Is your rate comparable to others on the market?
¦ "With fixed rates coming down, is now a good time to make a switch?"
Ms Russell said the lending market was changing and there were plenty of opportunities available for borrowers.
"If you're searching for the best rate, take a look outside the big banks and do some research with recognised independent lenders," she said.
"Utilise online comparison charts and repayment calculators to work out the best scenario for you.
"In today's tough economic environment, it's worth taking a look around to source your best deal."
Ms Russell said a home or property was a long term investment and it was important for homeowners to ensure they received a loan that offered the best rates, flexibility and genuine customer service.
"Talk to an expert, get some advice and make your money work for you," she said.
Details: Yellow Brick Road; 101 Showground Road, Castle Hill; 8850 6515; www.ybr.com.au.
"But with the cash rate solidified at 4.75 per cent until September and fixed rates dropping, now is a good time to consider refinancing or shopping around for a better deal," she said.
"Ask yourself a few important questions:
¦ "Are your needs from your loan the same as they were when you first took it out?
¦ "Is your rate comparable to others on the market?
¦ "With fixed rates coming down, is now a good time to make a switch?"
Ms Russell said the lending market was changing and there were plenty of opportunities available for borrowers.
"If you're searching for the best rate, take a look outside the big banks and do some research with recognised independent lenders," she said.
"Utilise online comparison charts and repayment calculators to work out the best scenario for you.
"In today's tough economic environment, it's worth taking a look around to source your best deal."
Ms Russell said a home or property was a long term investment and it was important for homeowners to ensure they received a loan that offered the best rates, flexibility and genuine customer service.
"Talk to an expert, get some advice and make your money work for you," she said.
Details: Yellow Brick Road; 101 Showground Road, Castle Hill; 8850 6515; www.ybr.com.au.
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