Just a quick note to remind you TODAY IS THE FINAL DAY to receive the discount for your Council Rates Bill if you own a property on the Gold Coast or Scenic Rim.
Don’t miss out and be forced to pay more than you need to.
Have a great day 😊
.
Just a quick note to remind you TODAY IS THE FINAL DAY to receive the discount for your Council Rates Bill if you own a property on the Gold Coast or Scenic Rim.
Don’t miss out and be forced to pay more than you need to.
Have a great day 😊
.
Banks Ending Offers to Pay $2,000 – $4,000 Refinance Cashbacks …
The banks offers to pay borrowers $2,000.00 – $4,000.00 to refinance their Home Loans & Investment Loans appears to be ending.
Several banks have recently removed their offers whilst other banks announced their Refinance Cashback offers will only be available for a few more weeks.
If you are considering refinancing your Home Loan / Investment Loan please do not hesitate to call or email me to discuss if this is financially beneficial for you.
Please Note: Not all banks offer Refinance Rebates and conditions apply.
Just a quick note to remind you TODAY IS THE FINAL DAY to receive the discount for your Council Rates Bill if you own a property on the Gold Coast or Scenic Rim.
Don’t miss out and be forced to pay more than you need to.
Have a great day 😊
TODAY is the FINAL DAY to receive the discount for your Property Rates Bill.
Why pay the Council more than you need to ???
The Reserve Bank Board has increased the Official Cash Rate by 0.25%.
This marks the first rate increase by the RBA since November 2010 and was widely anticipated within the finance industry.
The speed to which the Australian economy is bouncing back following the cessation of COVID lockdowns and restrictions, combined with higher fuel prices incurred due to the war in Ukraine, have resulted in higher than expected inflation figures which has forced the RBA to act.
The “Big Question” is …
Will your bank pass on the 0.25% rate increase or take the opportunity to increase their profit margins with higher rate increases ???
If you are not happy with your bank’s response please do not hesitate to contact our Mortgage Specialists to discuss your options.
Many borrowers are currently asking whether it is worth their while to “get off” their fixed rate and switch to the record low interest rates currently being offered by banks.
If you are considering a similar change to your Home Loan or Investment Property Loan please note there are several key points relating to “Fixed Rate Break Costs” you need to be aware of prior to making your decision to ensure that any change to your Home Loan or Investment Property Loan will be financially beneficial for you.
Q: Do I need to know the fixed rate break fee prior to breaking my fixed rate ?
A: Yes … This fee can be significant and the costs may exceed the potential savings you are hoping to achieve.
Q: How can I obtain my Fixed Rate Break Fee ?
A: Contact your bank via the telephone number which appears on your loan statement. (Note: Banks are reluctant to provide this information via email or internet banking)
As you can imagine the banks are currently experiencing high volumes of telephone calls which is resulting in extended delays in telephone queues, so I recommend you have something else to read or do whilst you are waiting for the bank to answer your call.
If you have any questions or concerns relating to your Home Loan, Investment Property Loan or Business Loan please feel free to call or email as you are a valued client of DPF Mortgage Specialists and our team is keen to help.
Once you obtain the Fixed Rate Break Cost simply email this information to david@dpfinance.com.au and I will complete the “Financial Benefit vs Cost” calculations and contact you to discuss your options.
The banks are offering Financial Assistance Packages to customers who are suffering financial hardship as a result of the COVID-19 (coronavirus) pandemic.
These assistance packages vary from bank to bank and can include:
• Home Loan & Business Loan Repayments paused for 3 – 6 Months
• Home Loan & Business Loan Repayments switched to Interest Only
• Pausing Repayments on Credit Cards, Car Loans & Personal Loans
Frequently Asked Questions
Q: How can I apply for Financial Assistance ?
A: Contact your bank directly via telephone or you can apply online via your Internet Banking Platform.
Q: Can DPF Mortgage Specialists provide a list of the banks contact telephone numbers & links for online requests for financial assistance ?
A: Yes … Below is the list of the banks contact details to request financial assistance
Q: Will the bank continue to charge interest on my Home Loan / Business Loan during the repayment holiday ?
A: Yes … Banks may extend the loan term to accommodate the interest or may require other arrangements (Please check with your bank).
Q: Will asking for Financial Assistance have a negative effect on my Credit Score ?
A: The banks acknowledge the Pandemic is outside the borrowers control & have advised a request for financial assistance will NOT have a negative impact on your credit history if you who make arrangements with your bank and remain with these arrangements.
Please be assured the DPF Mortgage Specialists team are here to help you as now, more than ever, we know our clients need to have access to experienced specialists who can provide them with the information they need and source the best options to help them through these challenging times.
If you have any questions or require any assistance please do not hesitate to call or click on CONTACT US
Stay safe & well.
Bank | Link for Online Request Form | Telephone |
CBA | CBA Online Request | 13 30 95 |
Westpac | Westpac Online Request | 13 20 32 |
NAB | NAB Online Request | 1300 683 106 |
ANZ | ANZ Online Request | 1800 252 845 |
Macquarie | Macquarie Online Request | 1300 363 330 |
BankWest | BankWest Online Request | 1300 769 173 |
St George | St George Online Request | 1300 303 110 |
Suncorp | N/A | 13 11 55 |
Heritage | N/A | 13 14 22 |
ING | N/A | 1300 349 166 |
Bank Australia | N/A | 13 28 88 |
BOQ | N/A | 1300 557 272 |
Citibank | Citibank Online Request | 1800 722 879 |
ME Bank | N/A | 13 15 63 |
My State | N/A | 13 80 01 |
QBank | N/A | 13 77 28 |
Teachers Mutual | N/A | 1800 862 265 |
Many banks were quick to advertise & announce how good they were to pass on the full 0.25% p.a. RBA rate cut in June 2019.
Not surprisingly many of these same banks were making far less noise when they held back from passing on the full 0.25% p.a. rate cut announced by the RBA in July 2019. (i.e. total 0.50% rate cut over 2 months).
Below is a list of the Banks & their combined interest rate reductions for the months of June and July 2019.
Bank: |
Rate Reduction June: |
Rate Reduction July: |
Total: |
Macquarie | 0.25% p.a. | 0.20% p.a. | 0.45% p.a. |
ING | 0.25% p.a. | 0.20% p.a. | 0.45% p.a. |
Auswide Bank | 0.25% p.a. | 0.25% p.a. | 0.50%p.a. |
ME Bank | 0.25% p.a. | 0.15% p.a. | 0.40% p.a. |
AMP Bank | 0.25% p.a. | TBA | |
CBA | 0.25% p.a. | 0.19% p.a. | 0.44% p.a. |
BankWest | 0.25% p.a. | 0.19% p.a. | 0.44% p.a. |
NAB | 0.25% p.a. | 0.19% p.a. | 0.44% p.a. |
Bank Australia | 0.25% p.a. | 0.16% p.a. | 0.41% p.a. |
Bank of Qld | 0.25% p.a. | 0.15% p.a. | 0.40% p.a. |
AFG | 0.25% p.a. | Pending | |
Citibank | 0.25% p.a. | Pending | |
IMB Bank | 0.25% p.a. | Pending | |
RACQ | 0.25% p.a. | 0.25% p.a. | 0.50% p.a. |
Pepper | 0.25% p.a. | Pending | |
Westpac | 0.20% p.a. | 0.20% p.a. | 0.40% p.a. |
St George | 0.20% p.a. | 0.20% p.a. | 0.40% p.a. |
RAMS | 0.20% p.a. | 0.20% p.a. | 0.40% p.a. |
Bendigo Bank | 0.20% p.a. | Pending | |
Suncorp | 0.20% p.a. | 0.19% p.a. | 0.39% p.a. |
Heritage | 0.20% p.a. | TBA | |
ANZ | 0.18% p.a. | 0.25% p.a. | 0.43% p.a. |
CUA | 0.15% p.a. | 0.17% p.a. | 0.22% p.a. |
The predictions of many of Australia’s Senior Economists were confirmed this afternoon as the Reserve Bank voted to reduce the Official Cash Rate yet again to an amazingly low 1.00%.
The Federal Treasurer (Josh Frydenberg) has already commenced his efforts to encourage the banks to pass on this additional 0.25% p.a. rate cut in full.
Is your bank charging you more than they need to ???