Heise Says #housingmarket #mortgages #heisesays
While home loans are down, billions of owner-occupiers are still refinancing, are the preparing?
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I myself just re-financed two mortgages with nab at fixed rates for 1 year.
I now feel at ease!
A bit more positive talk about respective economies recently so maybe things will calm down a bit…………..or not.
Bargains aint here yet Heise, when the investors get back in, that's when the bargains will be found. Bargains are found at the bottom, not the top.
Say all you want about TA. I'll have you know that my descending dodehecahedron pattern has never failed me and I've only been liquidated 8 times.
My line drawing skills are unparalleled.
Oh wait I just blew my account again sorry gotta go.
People resorting to building because they cant find homes they can afford….also more will renovate if they cash out when refinancing
Every 3 years go see a broker, but you have to make sure of this one key tip. Make sure It's a different broker from last time.
Have fixed rates for the duration like the States!
At an RBA rate of 0.1%, the banks have room to hold back, given their margins are insane…….
I’ve found the current best deal from bank or non bank rarely is the best 2-3yrs later. We too refinance around this time frame. The time spent refinancing is worth it. Often the return per hour spent is $500/hr. Better in our pocket than the bank.
There are some ok deals around. One tip. If they offer a cash back, ask them this;
“If I need to refinance $350000, will you give me $350000 and the $2000 cash back or will you give us $352000 and $2000 cash back?”
Notice the difference? Westpac did this cute number on us before. Basically, they loan you $2000 extra and then give it back to you as a “cash back”. They rely on clueless stooges. Try you best not to be one! Good luck people🤗
I refinanced to free up equity before borrowing capacity is impacted further. Not necessarily to spend but to have a loan reserve available to pursue opportunities as they arise.
"going to effect the market" hearing this a lot but nothing changing around me.. lack of inventory and owners/agents still playing the "offer over XXX" bullshit games.
Heres hoping for more than 0.25 tomorrow.