While many speculated that this cut was due to happen, insights manager at Finder, Graham Cooke countered by saying “oddsmakers placed the chance of a 25bps cut as less likely than when 15-year-old Coco Gauff beat Serena Williams in the first round at Wimbledon in 2019”.
With the cash rate at an all-time low, brokers are being advised to take action and begin the discussion around refinancing. With potential savings now growing in the marketplace, there is opportunity for the everyday consumer to put themselves in front and grab onto these savings with both hands. Brokers are faced with the opportunity to open dialogue about new products and lenders with their clients, and how to best help them to secure a better deal.
There are growing opportunities within the real estate market to either make your move in, or take the next step up. Expert guidance from our partners in financial services, Capita Finance, and our exceptional real estate team together, can create a world of opportunities for you. With changing interest rates, easing of serviceability and new options in the market, it is time to discover where you could now be sitting with your loans.
When speaking with Capita Finance General Manager, Gill McLean, she said that “during such stressful and uneasy times, our customers look to us for our expert advice and support”. At Capita Finance we have already introduced new and improved procedures to ensure we more than adhere to the new lending standards. Gill McLean went on to say, “we strongly believe there is opportunity out there for consumers to gain benefit from the current financial market, and we are here to help them find the most appropriate solution”.
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Source: https://www.brokernews.com.au/news/breaking-news/serviceability-no-longer-most-pressing-concern-269809.aspx?utm_source=GA&utm_medium=20200203&utm_campaign=ABW-Newsletter&utm_content=&tu=