With some lenders having already raised interest rates and speculation others will follow…..is now the time to fix your home loan?
Fixing your home loan provides repayment certainty. Locking in a fixed repayment for a period of time, usually 1, 2, 3 or 5 years can assist with household budgeting. This provides peace of mind and may protect you against interest rate rises during that time. The downside of fixing your home loan includes additional repayment limitations, economic break costs should you wish to sell your property or change the loan and forgoing potential savings should interest rates decline during the fixed period.
Variable rate loans provide greater flexibility and additional benefits, geared to help you save money and repay your home loan sooner. The benefits include unlimited repayments, offset accounts and portability just to name a few. The main downside of variable rate home loans is exposure to upward pricing pressure on interest rates created by market forces and other economic factors.
Generally, investors favour fixed rate loans to secure a consistent yield for a period of time, whereas owner occupied borrowers tend to gravitate towards variable rate loans or a blend of both to hedge their position.
If you are considering to fix or not to fix, please don’t hesitate to contact us.
Complimentary Loan Review: for a complimentary review of your individual circumstances, contact us at firstname.lastname@example.org or phone 03 9886 0800.
More information: go to www.tagfinanceandloans.com.au
Disclaimer: The information contained on this page is general in nature. Professional advice should be sought before acting on any aspect on this page.
TAG Finance and Loans Pty Ltd ABN 25 609 906 863 Credit Representative Number 483873
National Mortgage Brokers Pty Ltd ABN 88 093 874 376 Australian Credit License 391209
At the TAG Super Seminar this year, we asked some of the attendees what they thought of the seminar.
Here’s what they have to say….
The annual TAG Superannuation Strategies Seminar offers clever strategies and technical knowledge to accountants and financial advisers. Michelle Griffiths and Brenda Hutchinson backed by the TAG team, are considered industry experts when it comes to superannuation. We have over 400 attend the seminar, with many coming back each year to hear our practical solutions to technical problems. Our seminar has now been running for over 20 years and is Australia’s longest running and most successful superannuation seminar.
Practical Solutions to Technical Problems
TAG Financial Services provides practical solutions to technical problems therefore our advice translates complex issues into practical solutions to you for your clients’ particular situation. TAG has been providing specialist superannuation advice to accounting professionals and the industry for nearly 20 years. Our experienced advisers have expertise in superannuation, business services and wealth management. At TAG we focus on special projects and once off consultancies for you and your clients.
A Self Managed Super Fund (SMSF) can help you focus on having the funds to maintain a good lifestyle in retirement.
When you set up a SMSF you become the trustee of your SMSF. You can have the fund’s technical aspects handled by qualified experts but you are still the ultimate boss! Yes, you are the head of the Board when it comes to running your SMSF and the regulators are making it very clear – ignorance is no excuse.
You don’t need to fear this if you:
Have the advice of experts
At TAG, our advisers are superannuation specialists. We provide professional development to the accounting industry – our annual superannuation seminar is Australia’s longest running and most successful superannuation seminar and is designed to help financial advisers keep up to date with superannuation changes.
Our advisers meet with every Trustee on an annual basis, which gives the Trustee a great opportunity to understand and ask questions about their specific situation.
Understand your responsibilities
TAG offers all Trustees of the funds we administer complimentary Trustee Training, which explains your role and responsibilities.
Come along to our Trustee Training to ensure you are the best Trustee you can be and optimise your retirement – Tuesday 27th June, 6-7pm.