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The RBA’s interest rate statement for May 2023
Claim the Instant Asset Write-Off before it’s too late…
With interest rates continuing to rise and the cost of living squeezing the budgets of households it’s time to get pro-active with your finances.
Even if you’re not feeling the pinch just yet, chances are you’re still leaving money on the table by not reviewing your loans.
What to do then?
Introducing the 5 R’s of smarter finance: Review, Reprice, Refinance, Rejig, Rejoice!
1. Review
Simply call 08 8351 1500, go to urbantechfinance.com.au/finance-review or email hq@urbantechgroup.com.au to request a free Finance Review.
We’ll assess your situation and tell you whether you can save a significant amount of money by repricing, refinancing and/or rejigging your finances.
You’ve got nothing to lose and everything to gain! Even a small change could save you a huge amount over the life of your loans.
2. Reprice
If you want to always be on the best possible rate with your lender you need to make them compete for your business!
Simply call them and say you’re going to refinance to a different lender unless they reprice your interest rate lower.
Don’t be surprised if they reduce your home loan rate by as much as 0.50% right there and then.
By the way if you don’t feel comfortable making the call we’ll do it for you – we’ve helped clients achieve rate reductions as high as 1.70%.
3. Refinance
If your current lender won’t cut you some slack, the next option is to find out if another lender will offer you a better rate.
If you’ve been with the same lender for 18-24 months or you’re coming out of a fixed rate period, refinancing could save you thousands.
The good news is switching lenders has never been easier, and some lenders are offering as much as $5,000 to get you to become their ‘new customer’!
On average, customers who switch lenders can expect to have their interest rate slashed by more than 0.50%.
4. Rejig
During your finance review we’ll also be looking at the overall structure of your finances and any other debts you have to see if anything can be rejigged.
One common way of generating additional savings is via deb-consolidation – a process of combining multiple loans into one loan with a single regular repayment.
For example, consolidating high interest debts, such as credit cards, personal loans & car loans, into a low rate home loan will significantly reduce your monthly loan expenses.
The savings you generate can then be used to make extra payments on your home loan, further reducing your loan term and saving you even more interest over the life of the loan!
5. Rejoice
Celebrate because you’ve just saved thousands of dollars and put more of your hard-earned money back in your pocket!
But don’t get complacent… in order to stay ahead and maximise your savings you should have regular ‘finance reviews’ – at least every 12-18 months or when your circumstances change.
After all, it’s all about improving your bottom line, not the banks.
Book a FREE Finance Review now…
>> Simply request your FREE Finance Review, email hq@urbantechgroup.com.au, or call 08 8451 1500 with the details of your current home, investment and other loans.
We’ll assess your situation and tell you whether you can save a significant amount of money by repricing, refinancing and/or rejigging your loans.
You have nothing to lose and everything to gain – so do yourself a favour, and let us help you keep hold of more of your hard-earned money!
Cheers,
Sam, Matt & Team
Urbantech Finance
PS. Right now you can get up to $5,000 cash back by refinancing to a new lender!
PPS. Don’t wait! Get on the front foot now – click here or call 08 8451 1500 to schedule in your complimentary finance review.
