Winter Newsletter 2011

The Reserve Bank of Australia (RBA) left rates on hold in July for the eighth consecutive month.
While this rate reprieve will no doubt be welcomed by borrowers across the country, rhetoric from the central bank, plus the nation's economic commentators, would suggest that a rate rise is not far off.
Borrowers should be using this period of rate stability to assess their current mortgage with view to prepare for rates rises that now appear to be on the horizon.
This may mean refinancing your mortgage to a more appropriate loan - which will become all the more easier from July considering the government ban on exit fees; for others it might include debt consolidation to shift high interest credit card debt or personal loans into your home loan.
Whatever your circumstances, be sure to give us a call and we'll run through the scenarios available to you.
In this month's Mortgage News we take a look at some of these key issues, including an article on the realities of
refinancing and the key points you need to keep in mind.
This issue of Mortgage News also includes a feature on mortgage protection insurance - which covers your mortgage repayments in the event of accident, trauma or sickness. If you haven't yet considered this type of insurance I recommend that you take a look.  Please give me a call and I'd be happy to help you get in touch with a qualified insurance adviser for your insurance needs.           Winter_2011.pdf