IN the past four months the Reserve Bank of Australia has reduced interest rates by a whopping three per cent, and the consensus among leading economists is that further interest rate drops can be expected.
Although the banks have not passed on the full reductions, what has been passed on to mortgage holders has still been significant for those with variable interest rates.
Louise Kime from Choice Home Loans in Emerald states that the past year will go down in history as constituting one of the most severe financial crises in the modern economic era.
“While we have all felt the impact, I believe that we have weathered the storm and we can now look to the future and enjoy some calm,” she said.
“With 2008 now behind us, I advise the local community to review and plan their financial position with their mortgage or outstanding debts.
“These rate drops are a welcome relief to many as well as an opportunity to reduce the overall term of a loan and in so doing benefit from significant interest savings.”
Louise has been working among the Emerald community and the surrounding area for five years, offering personalised financial support and valuable information for all her clients.
Anyone who wishes to discuss the latest interest rates or review their own current financial situation, in light of the changing circumstances of the economy or changing personal circumstances, or just to find out more about home loans, can phone Louise Kime at Choice Home Loans on 0414 709 804.
The Choice Home Loans office is at 347 Main Street, Emerald.
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