Helen Collier-Kogtevs

Everything you need to know about interest rates

August 8, 2016

If you haven’t looked at your mortgages, reviewed your mortgages or talked to your finance broker about your mortgages in 2016, then it’s now time to get on the phone.

Why? Because interest rates have moved drastically over the last 12 months – and if you’re not paying attention to how much you’re paying, there’s a good chance you’re losing money on your investment property.

In the last 12 months there have been:

Official interest rate cuts delivered from the RBA with lenders choosing to pass on varying degrees of that reduction
‘Out of cycle’ decreases offered by the banks themselves
Some lenders who have left/re-entered the investment market.

For instance, Teachers Mutual Bank and UniBank withdrew from investment lending many months ago to meet regulatory expectations, but have announced they will again accept applications for investment properties effective Monday 1 August, 2016.

That’s a heck of a lot of change for 12 months in a mortgage’s lifetime!

I’ve blogged recently about the availability of five-year fixed rates at 3.99%. I’ve never in my investing career seen rates this low, so if you’re investing for the long-term and a fixed rate suits your strategy, now is the time to investigate your options.

Book in a property finance review with your mortgage broker or contact the team at Blue Ink Finance today, to make sure you’re making the most of your loans and money!

Helen Collier-Kogtevs

Helen Collier-Kogtevs is the Founder of Real Wealth Australia, a leading education and mentoring company for real estate investors. Not only is Helen a highly successful property investor and an educator, but Helen is a best-selling author and a philanthropist. Helen is also the CEO and Co-Founder of eLINK Finance, an award winning brokerage committed to educating and supporting investors with getting the finance they need to build property portfolios. Helen is particularly passionate about helping people, especially people who are keen to create wealth and make a difference in their lives. She founded Real Wealth Australia to mentor investors to create wealth and financial freedom by focusing on helping them build an investment strategy to fit their individual goals, rather than focusing on one particular investing method using her successful property investing system.