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Out and About: December 2011 - Merry Christmas |
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Hello [FIRST NAME], December 2011, last newsletter for the year so I'll wish you a Merry Christmas. I hope you will have some fun with friends and family. Thank you to those new customers this year and to customers who have stuck with us through what has been a difficult time in lending. Referrals are the life blood of a mortgage broker so special thanks for passing our details on to your friends and colleagues. As you probably know we have a strong history as property investors and we look forward to presenting property investment evenings next year in locations other than Darwin. Here is a property investment wrap up for those interested in mining locations outside of Darwin. If you are interested in specific locations please let us know, we have properties in Gladstone and NRAS properties in S.E Queensland in our listings at the moment. |
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Interest rates Interest rates have dropped thanks to a Reserve Bank cut. As I write this on Thursday it seems all the big four have delivered on the .25% cut to variable rates. At our place we keep an eye on the fixed rates and it will be interesting to see if the pressure stays on the under 6% rates that some lenders are offering. A couple of lenders have also dropped their assessment rates recently, that is the rate that borrowers have to prove be able to pay even if the loan is 3% less (you don't actually pay 9%, just need to be able to). So you apply for a loan at 6% say, the bank will assess you at 9%. This can be what makes getting a loan so hard for First Home Buyers. A mortgage broker like Arafura Finance Brokers will be able to assist you to find a lender that suits your ability to make loan payments. |
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First Home Buyers First Home Buyers are returning to the market in greater numbers than at any time since September 2009, according to mortgage broker AFG. The monthly AFG Mortgage Index shows that First Home Buyers comprised 16.4 per cent of all loans processed - a 40 per cent increase for this buyer category compared to October 2010 when they comprised just 11.8 per cent of the mortgage market. Read the rest of this article. |
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Other Lending |
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If you are looking to purchase a late model vehicle and have a default, we have access to lenders to may be able to assist. Also for people looking to purchase a home, we may be able to find a lender who will assist with poor credit rating situations. The first thing to do is get a free copy of your credit rating at the Veda website. This takes a week or so. Some of our clients are surprised to learn why their loan applications are being declined. The next step is to discuss going forward with your broker. Everyone's situation is different so if you would like a no cost home visit please let us know. This can be arranged here. | ||
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For more information or if you would like to meet to discuss any aspect of your financial situation please call me on 0447 499 794 or email nick@arafin.com.au. |
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Regards, |
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Nicholas Kirlew P 1300 981 775 - M 0447 499 794 - F (08) 8945 4964 |
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DISCLAIMER: For Information Only, otherwise there is no disclaimer, please feel free to send to a friend. For a full assessment contact your Arafin Territory Manager on 0447 499 794. |
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© 2011 Arafura Finance Brokers |
