Verge Finance
May, 2010
More Freedom Despite Rising Interest Rates
With six rate increases in the past 12 months and predictions of more to come, you may be thinking of ways to deal with the rising rates.
Here are a few tips:
- Consider fixing the rate or splitting the loan between variable and fixed. This will enable you to lock in repayments for at least a part of the loan. This will help with household budgeting.
- Schedule repayments in advance or consider setting up a direct debit to avoid additional interest and fee charges on late payments.
- Make a personal/family budget to see where money is being spent.
- You can defer discretionary expenditure where possible and use the money to make additional repayments on the home loan. An account with redraw facility will allow you to withdraw your additional repayments if you need them at a later stage.
Verge Finance can assist and protect you against rising interest rates by the competitive fixed rates offered exclusively through the broker channel:
- 1 year special fixed rate 6.84%
- 2 year special fixed rate 7.64%
- 3 year special fixed rate 7.99%
- Maximum LVR 90% + Cap LMI
- NIL Application or Ongoing Fees
- Minimum loan amount $100,000
- FREE 100% off set account available on fixed rates
For a non-obligatory finance consultation please contact Belinda Bonetti from Verge Finance:
Belinda Bonetti
Director - Verge Finance
Mobile +61 404 499 940
Telephone +61 3 9947 6333
Email Belinda