RBA UPDATE | Effective October 4, 2022
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
For the sixth consecutive month, the Reserve Bank of Australia (RBA) has made the decision to increase the nation’s official cash rate, which now sits at 2.60%. With the 25-basis-point (bp) increase, Australians are experiencing the highest cash rate since May 2013.
We love a challenge and we love helping our clients. As most banks and other lenders will likely follow the RBA
and lift their rates too, again increasing mortgage repayments, it's a good time for property owners to contact us for a home loan health
check and see if we can secure a better rate. We look forward to helping you.
Our holistic approach to taxation, accounting and financial planning means we bridge the gap in the client experience, eliminating the
frustration from delays that are often inevitable with multiple stakeholders involved in the lending process.
In most cases, car loans in Australia can be paid out before the end of the loan term. However, depending on your loan type and lender, early repayment fees may apply.
Debt consolidation involves rolling several existing debts into a new single loan. Instead of managing five different repayments.
Choosing a principal and interest loan from the outset can lead to long-term savings and financial security.