How to benefit from the interest rate cut

Today the reserve bank announced a further 0.25% cut in interest rates.  
On a loan of $350,000 that represents a savings in interest of close to $73 per month.

So how can you benefit:
• It might be a good time to consolidate your personal debts at a lower home loan rate.
• If you maintain your loan repayments at the same level you will shorten the loan term (saving over 2 years of loan repayments on a $350,000 loan at 5%).
• Perhaps you could increase your borrowing for investment
• Revisit upgrading your home.  Home loans are at record lows for Australia and you have the opportunity to fix for up to 5 years under 5%.  It certainly makes budgeting easier.
• Take the opportunity to see if you really have the best rate.

What Now?
Give me or the office a call to arrange a time to meet with me and discuss your plans or home loan.  
This could be part of making 2015 your best year ever!

www.1300whatloan.com