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- Now is the best time to plan for your tax.
Call the office to arrange a tax plan for 2010 now. - The June Quarter R&C Newsletter is out. Any comments or additions for future editions are more than welcome!
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Mortgage Broking | Mortgage Broking |
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The newest addition to the Roberts & Cowling service is mortgage broking. Mortage Broking fits neatly with our philosophy of a one stop financial solution. As a result we can now take care of a clients lending. The major advantage in using Roberts & Cowling to secure your loan is that we can ensure that the loan obtained is the most beneficial to a client for tax and financial purposes. As Roberts & Cowling deal with our clients on a regular basis we already have an understanding of your financial situation and therefore also have ,most records that will be needed for approval.
Types of Loans offered Roberts and Cowling offer all major types of loans including both residential and commercial. Some of the most common types are:
Roberts & Cowling offer non-bank loans as a preference but do have access to many major banks products as well. The main reason for this is that non-bank lenders tend to use no ongoing or hidden fees and therefore the interest rate advertised is generally the same as the comparison rate. Also, we consider these loans to be some of the most flexible and innovative loans on the market.
What is a comparison rate? Comparison rates were introduced to enable consumers to be able to compare loans. A comparison rate takes into consideration all fees associated with the loan. A low interest rate doesn't by any means indicate that it is the cheapest loan. It can have hidden fees that make it far more expensive than another loan with a seemingly higher interest rate.
Current Trends The market at the moment is showing a high rate of refinances. This is probably due to increasing interest rates and consumers consolidating their debts. One of the common questions is: Why should we refinance now when interest rates are rising? Won't that add more cost? The most common reasons why people refinance are:
The main reason at the moment is to consolidate your debts. As an example of how refinancing can be beneficial, the table below is a case of where refinancing can reduce the financial pressure on a client.
This example ignores costs associated with the refinance. However these would not negate the positive outcome for the individual. This does not obviously suit all situations and you should consult Ben Roberts or David Cowling in the office to evaluate your situation and costs to be considered in a free consultation.
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