Powered by MOMENTUM MEDIA

Interest rates can shift at any time

finance-advice
1 minute read

Interest rates can shift at any time

by webmaster 16 February 2012 1 minute read

Borrowers finding that interest rate movements have come as a surprise should take this as a signal that interest rates could shift at any time, according to a mortgage broker.

by webmaster
February 16, 2012

Home loan interest rates can shift at “any time, in any direction and by any amount,” according to Mortgage Choice CEO Michael Russell.

“Borrowers need to be aware of this changed interest rate environment and should be prepared to switch to a better suited lender and/or loan product. Otherwise, they may risk paying more over the life of their loan,” Mr Russell said.

Enlisting the help of a broker can help those borrowers who are considering refinancing as they can assess the overall costs and benefits, while taking into consideration interest rates, fees, features, services and accessibility.

“Now is the time for borrowers to make the right move and develop a much closer relationship with their local mortgage broker who will help them stay on top of the home loan market,” he said.

Advertisement
Advertisement
Interest rates can shift at any time
default
spi logo

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.