RFS Finance in Fortitude Valley | Mortgage brokers

RFS Finance

Locality: Fortitude Valley

Phone: +61 7 3667 8030

Address: Level 10 Suite 53/269 Wickham Street 4006 Fortitude Valley, QLD, Australia

Website: http://www.rfsfinance.com.au

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24.01.2022 Whether it's Home Finance, Vehicle Finance or Lifestyle Finance, RFS Finance is here to find you the Right Financial Solution. That's the one that best suits your needs and your situation. It costs you nothing to call or message us. 07 3667 8030 It could be costing you a lot if you don't.... The sooner you call or message us, the sooner you may save 07 3667 8030 #rfsfinance #firsthome #mortgagefinance #vehiclefinance #lifestylefinance

19.01.2022 When purchasing a property, refinancing or just renegotiating with your current lender, borrowers can generally decide between fixed-interest loans that maintain the same interest rate over a specific period of time, or variable-rate loans that charge interest according to market rate fluctuations. Fixed-rate loans usually come with a few provisos: borrowers may be restricted to maximum payments during the fixed term and can face hefty break fees for paying off the loan early..., selling the property or switching to variable interest during the fixed rate period. However, locking in the interest rate on your home loan can offer stability. For those conscious of a budget and who want to take a medium-to-long term position on a fixed rate, they can protect themselves from the volatility of potential rate movement. Fixed rates are locked in for an amount of time that is prearranged between you and your lender. There are some lenders that offer seven-year or 10-year fixed terms, but generally one to five years are the most popular. The three and five-year terms are generally the most popular for customers because a lot can change in that time." Further to this, fixed-rate loans can also be pre-approved. This means that you can apply for the fixed-rate loan before you find the property you want to buy. When you apply for a fixed rate, you can pay a fixed rate lock-in fee also known as a 'rate lock', which will, depending on the lender, give you between 60 and 90 days from the time of application to settle the loan at that fixed rate. It will also depend on the lender as to whether the rate lock will be applied on application or approval. It is important to be clear on this issue. Pre-approval helps you to discern how much money you are likely to have approved on official application. Knowing that your potential lender will offer a fixed-term fixed interest loan gives further peace of mind for those borrowers looking to budget precisely rather than be susceptible to rate fluctuations. In addition, borrowers should consider the possibility of arranging a 'split' loan. This option allows you to split your loan between fixed and variable rates either 50/50 or at some other ratio. This can allow you to 'lock in' a fixed interest rate for up to 5 years on a portion of your loan, while the remainder is on a variable rate which may give you more flexibility when interest rates change and potentially minimise the risks associated with interest rate movements. Also, be aware that at the end of the fixed-rate term, your loan agreement will include information about how the loan will then be managed by the lender, usually to a 'revert' variable rate which may not be the lowest the lender offers.

10.01.2022 Thinking on Thursday #rfsfinance

07.01.2022 December RBA interest rate decision: The Reserve Bank of Australia has held the official interest rate at its record low of 0.1 per cent, it has announced after its December 1 meeting. This comes as no surprise, with property prices rising 0.8 per cent across the country in November as the housing market nationally continues its better-than-expected bounce back after last month’s rate cut.... That interest rate cut and probably more importantly the RBA’s announcement of its $100 billion program of quantitative easing has had an impact on the housing market, as well as the good news about a COVID-19 vaccine giving everyone more confidence, said Dr Shane Oliver, chief economist at AMP Capital.

02.01.2022 RFS Finance is your first stop for your first home buyers' finance and guidance. First home buyer loans are a daunting challenge for first home buyers. Home loans can be a challenge at any time but especially so for first home buyers. First home buyers often have only a limited income and a small deposit. It's tough for them just starting out in buying their first home, buying furniture, buying cars, starting a family and trying to make ends meet.... Fortunately for first home buyers, there is a range of products and opportunities available, tailored to the first home buyer market. From government assistance for first home buyers, relief from some government charges, lenders who may be more suited the first home buyer, right through to helping you to buy the home most suited to your needs and circumstances. Our team of professionals include specialists in first home buyers' finance and will assist you through the entire process. From selecting the right home finance package, saving for your deposit, discovering the opportunities that you didn't know you had, through to helping you settle in and get your finances under control. Call RFS Finance now on 07 3667 8030 or visit us at https://www.rfsfinance.com.au. #first home buyers, #first home loans, #first home finance, #RFSFinance