Press Release Summary = With interest rates looking set to rise again, discount mortgage broker Jason King of Mortgage Refunds urges Australian homeowners to examine their loan documents to make sure they\'re getting the best deal possible.
Press Release Body = With interest rates looking set to rise again, discount mortgage broker Jason King of Mortgage Refunds urges Australian homeowners to examine their loan documents to make sure they\'re getting the best deal possible.
Odds are for another interest rates rise following release of the Australian Bureau of Statistics\' May housing finance figures showing continued strong borrowing.
Pundits are suggesting a 0.25 percentage point increase in interest rates by the Reserve Bank might be on the cards before the year\'s end.
Mortgage Refunds Managing Director, Jason King, says that even a 0.25 percent increase would mean significant extra loan repayments for the average Australian homeowner:
\"Say your loan is $250,000 and you\'re on 6.95 per cent. An extra 0.25% could see you up for another $500 or more every year.\"
Mr. King says that it\'s a good idea for homeowners to regularly check their loan documents to ensure they\'re on the best possible rate:
\"Contact a mortgage broker to get a free appraisal of your current mortgage.
You\'ve nothing to lose and everything to gain.\"
An advantage of using a mortgage broking firm like Mortgage Refunds is that the service is free and tailored to your individual circumstances:
\"Most mortgage brokers can arrange loans from a large panel of lenders, so you have real choice,\" says Mr. King.
Mr. King notes that firms in the highly competitive mortgage broking industry even sweeten the deal by paying customers to use their service:
\"Mortgage Refunds pays up to $4000 for clients who arrange their loan through us, and has heaps of other reward schemes.\"
Mortgage Refunds, established in 2002, was Queensland\'s first major cash back mortgage broker, and now operates throughout regional and metropolitan Australia.
To contact Mortgage Refunds, phone 1300 729 968 or visit - www.mortgagerefunds.com.au
2022
