Welcome to May 2007 edition of Mortgage Force News.
Our 50,000th Client Competition has been won with both the clients and their referrer winning Tiffany & Co boxes.
We also mention the new stamp duty relief for 1st Home Buyers and some benefits from our lending panel.
Some good inflation figures have market analysis optimistic about interest rates. Read on to see how this could effect you.
Happy reading!
In this issue:
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We
Welcome our 50,000th Client - Congrats! |
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Industry
News - Interest Rates |
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Product News - Great News for First Home Buyers in WA State Budget |
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Office News
- Welcome our Newest Consultant, Carlie Loan - Mortgage Force Consultants compete in Busselton Half Iron Man Competition - Launching our new Mortgage Force Website |
We
Welcome our 50,000th Client
Congratulations to our 50,000th client, Mark and Meryll Jolly of Bunbury, WA.
Mark & Meryll were referred to Chris Ianello of our Bunbury Office by long time clients Simon & Chelsea Balhorn.
Both Mark & Meryll and Simon & Chelsea won a Tiffany’s Ice bucket along with some champagne,
and a dinner voucher to Vat 2 Restaurant Bunbury.
Thanks for all those that participated in the Mortgage Force 50,000th client promotion, we look forward to similar promotions in the future.
Interest Rates
It looks as though the RBA is in for a quiet year if you believe what the market analysts are saying. Most are predicting interest rates will remain at current levels until 2008.
This is due in part to low inflationary pressure but even if this was reversed later in the year it is highly unlikely the RBA will move rates close to or during to a Federal election campaign.
Last weeks Federal Budget has also been well accepted by the markets who were fearful a big spending budget might lead to a surge in consumer spending and therefore inflation. However most expenditure was directed towards non-consumables and is therefore seen as being financially responsible, especially in an election year!
This means most interest rate activity will be focused on fixed rates and we expect to see some pretty attractive rates in the near future as the majors fight for market share.
In fact even as we write this we are receiving word that a number of lenders are already announcing reductions in their 1 to 3 year fixed rates.
For more details, please don't hesitate to contact me.
Great News
for First Home Buyers in W.A. State Budget
The recent state Budget for WA has provided great assistance for 1st home buyers looking to enter the property market. All stamp duty on home purchases up to $500,000 will be exempt as will land purchases up to $300,000. This has obviously created a great deal of interest for people who were saving for their 1st home.
On top of these benefits several of our lending partners are also providing new and improved products for new property purchases.
Some of these products include:
- 100% lending of property values
- Family Pledge Loans
- Shared Equity Loans
Should you have a colleague, friend or family member interested in purchasing their 1st home, I am available to explain any of these options and assist them with their loan.
You may also be interested in how you can assist your family members get into the property market. Please don’t hesitate to contact me on the number below and I would be pleased to help.
We are thrilled to announce the latest newcomer to the Mortgage Force team. Carlie Loan joins us after a strong real estate and lending background. Carlie is looking forward to this stage of her career and we welcome her to the team!
Congratulations to 2 of our consultants, Bevan O’Farrell and Janelle Hammer, who competed and completed the Busselton Half Iron Man on the 5th May. We all witnessed their dedication to training prior to the event and it was great to see them do so well. Great effort and well done.
In our next addition of MF News we’ll be launching our new interactive website that will make it easier for you to keep up to date and for us maintain contact with you – we look forward to showing you how it works.
We trust you continue to find MF News useful. If you have any suggestions as to how it can be improved, please email us at info@mortgageforce.com.auand let us know.
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