The mortgage market has entered tumultuous times. So here to kick off our series 10 Top Tips For Mortgage Success is tip number one.
1. Smart mortgage vs low rate mortgage.
ANZ, Commonwealth Bank and St George have recently joined NAB and Westpac in another increase in mortgage rates for investment and owner-occupied loans. If you have lending with any of these banks then it’s likely your repayments have gone up. If they have, I would consider switching.
But the question still remains, will interest rates continue to increase? Some experts say yes, but haven’t said by how much?
With great uncertainty over interest rates it’s important to have the right strategy (not necessarily the cheapest strategy) in place to help you weather the storm. That’s why we’ve created an informative video on one such strategy we came up with to help property investors diversify their risk.
Stay tuned for tips and strategies to get the most out of investing in property.
