BROKR + BUYING & SELLING = MATCH MADE IN HEAVEN
So why do most agents recommend working with a broker?
Brokers help improve financial literacy of clients, we understand that the application process can be quite confusing and overwhelming, Brokers cut through the jargon and break it down into plain English and keep home buyers / sellers better informed during the loan process.
Brokers can also help borrowers realise their home ownership dreams - which we have seen a lot of this year. Home ownership is still on many Australian's minds amid the rate hike saga.
The past year and a bit has been a roller coaster ride for homeowners with interest rates rising by 4 percentage points since May last year.
However there may be some relief on the way - for the past 2 months the Reserve Bank of Australia has kept the cash rate unchanged. A few of the big banks (Westpac, CBA & ANZ) have forecast that this is the end of rate rises for the foreseeable future. This has given homeowners hope for the future and buyers the confidence to enter the property market again.
We have also seen a large number of homeowners refinancing. The amazingly low fixed rates of 2% in 2021 are starting to expire and customers are being offered variable rates of 6% or more, adding extra stress to the rising cost of living.
Refinancing has many benefits - a lower interest rate, improved cash flow, debt consolidation and change in loan period, all help when dealing with the high cost of living. Consolidating Afterpays, Zip Money, and credit cards into 1 manageable payment could also end up saving you hundreds per month.
As we head into the Spring selling / buying season it's a great time to review your finances / prepare for your future financial plans by getting in touch with Brokr, we're on your side the whole step of the way.
Tom Marsh @ Brokr # 0402 072 561
