May 15th, 2009
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Hello,
History is in the making as home loan rates are cut to record lows. Its an exciting time to be involved in home ownership, as we see the benefits it brings to buyers, investors and home owners alike.
We start the newsletter by looking at how low interest rates are expected to go, followed by an article on why refinancing your mortgage can save you thousands.
Our third article reviews property market trends and what this means for your prospects to buy or sell.
Lastly we look at the latest craze of online social networking: is it value or hype?
Enjoy this newsletter and feel free to pass it on to family and friends. |
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| Greenspan Home Loans |
Suite 1
26 Castlereagh Street
Liverpool NSW 2170
| Tel: |
1300 911 922 |
| Fax: |
1300 922 922 |
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Rates: How Low Can They Go?
The last time mortgage rates were this low we were buying bread for 14 cents a loaf, listening to Elvis Presley on record-players and watching black and white TV.
Official interest rates have dropped to an incredible 50-year low, bringing about massive reductions in fixed and variable home loan rates. For the homeowner with a mortgage of $300,000 on a 30 year loan, a one percentage point cut in interest rates equates to savings of $197 per month.
Read More >> |
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Refinance: You Could Save Thousands
This time last year we published an article on whether to refinance in the wake of rising interest rates. Today we re-visit this topic from the opposite side of the coin – whether to refinance in the wake of interest rates that are going down, rather than up!
It’s a reversal of fortune that has put the smile back on the face of home owners across Australia.
Read More >> |
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Price Tags Count, Postcodes Don’t
An exclusive postcode is no longer such an asset as property prices continue to drop at the top end of the market.
It is the wealth belt suburbs, where prices have risen strongly for the past four years, which are now the most affected by the economic downturn.
Read More >> |
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Online Social Networking – Value or Hype?
If you haven’t already joined a web site like MySpace or Facebook, chances are you will in the near future.
For some of us, it’s curiosity that draws us in, for others the chance to connect.
Read More >> |
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Mortgage & Finance Association of Australia
We are members of the MFAA, the peak industry body. All members are bound by a strict code of ethics to ensure the highest levels of service, integrity and professionalism. |
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It makes sense to call us
With all the uncertainty of interest rate rises and most of us questioning whether we get a good deal, it is more important now more than ever to review your current loan arrangements. With so many special available and banks tightening their lending policy it is worthwhile speaking with us first.
Call us NOW for details.
Don’t forget if you refer a friend to Greenspan we will contribute $250 towards your home loan and $100 towards the cost of theirs.
Regards
Omar and Ken |
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Disclaimer: This newsletter is intended to provide general news and information only. Readers should rely on their own enquiries before making any decisions regarding their own interests. Please do not rely on any part of this newsletter as a substitute for specific legal or financial advice. All material is copyright 2009.
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Tags: Australia, Australian, criteria, economy, friends, housing, housing market, lending criteria, MFAA, Mortgage & Finance Association of Australia, property, tax, Tax time, time, tough, tougher
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