Monday, 23 January 2012

It's Heating Up in Perth

Not only will we be sizzling in this summer heat wave, but we will also be sweating on the Reserve Bank decision to be made in a couple of weeks.

Clients and Finance Brokers alike are holding out for that first Tuesday in February when the RBA meets for the first time in 2012.

What do you think will happen? 
Rates stay the same?
Rates go up?
Rates go down?

My money is on the rates dropping by a further 0.25 basis points, reducing the RBA cash rate to an even 4.00% per annum.

If and when this happens, you should think about how to maximise the saving.  Here are some quick tips:

  • Continue to make your usual home loan repayment.  You will quickly build up a surplus and reduce the term of your loan.
  • With cheaper rates, it increases your borrowing capacity.  Maybe it could be time to buy an investment property or upgrade your home?
  • Consolidate your credit cards into your home loan.  Your monthly commitments should reduce.
For more tips and information, contact our Team @ Diversifi on 1300 55 99 49 or enquiry@diversifi.com.au
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4 comments:

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    1. Diversifi - Did You Know?15 February 2012 at 21:23

      Thank you so much. At least I know someone has read it!! Checked yours out too. Good work.
      Rose

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