I wrote to you earlier this year about the raw deal we keep seeing our clients, their family and friends are getting from the banks. I’m writing again now to reiterate that unfortunately we are still seeing the same old problem. Every week I see cases where people are paying thousands more than they should be in excess fees and interest rates on their home loans. And this usually also adds years to their mortgage unnecessarily.
We are committed to getting a better deal for our clients. And by extension, we are also offering the same service to their families and friends even if they are not currently clients of Godfrey Pembroke.
Over the past year, we have been able to save our clients thousands of dollars and take years off their mortgage just by casting our eyes over their situation and making some smart changes.
Through our exclusive networks we can secure special mortgage deals that are not widely available to the general public offering some of the lowest interest rates in the market.
What this means is we can pass on any potential benefits back to our clients, their family and friends.
And, to make it even easier, our mortgage specialists will come to you.
Some of the reasons I am concerned are because:
1. I am genuinely concerned by the rising levels of debt that are being taken on by people to buy into the great Australian dream of home ownership. And this debt is being taken on with no real strategy to pay this off more efficiently and no contingency plans in place should things go wrong.
2. When interest rates increase, what will be the impact on your life? Will you be able to cover the additional repayments without sacrificing too much in your life today?
For some, even a small rise in interest rates could be catastrophic.
3. If your loan is not correctly structured and regularly reviewed in line with your changing situation, you could be paying more in interest, costs and taxes than you have to.
This is throwing away hard earned money unnecessarily.
4. There are many anticipated changes coming up in the mortgage market that can be confusing and potentially expensive if you do not understand the implications and how they will impact you.
Better to know in advance so you can plan ahead and not get burnt.
If you suspect that you, or anyone you care about could be getting a raw deal from the banks, contact us to see how we can help fast track the journey to debt free home ownership.