Sun newspapers Wed 1 Apr 2015
Sun newspapers; NewspaperNT
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Community newspapers -- Northern Territory -- Darwin Region
Nationwide News Pty. Limited
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Nationwide News Pty. Limited
SUBE01Z01MA - V1 Easter eggheads cash in THE Easter long weekend provides the opportunity to have some down time. But with interest rates sitting so low and speculation mounting that the cash rate could fall again in the coming months, it is also the perfect time for borrowers to think about whether their home loan is right for them. With interest rates at historical lows, any extra money a borrower can contribute to their monthly mortgage repayments makes an even bigger difference than if the same amount of money was paid off on a mortgage with a higher interest rate, Mortgage Choice spokeswoman Jessica Darnbrough said. We are hearing from our mortgage brokers around the country that a large number of borrowers are not thinking about how to best use the present rate environment to their advantage. Making deeper inroads now will make a big difference in interest and time spent repaying the loan. She said many economists are predicting interest rates wont rise until 2016, although this is not set in stone. So with the future of rates uncertain, now is a great time for borrowers to start paying off their mortgage faster, Ms Darnborough said. There are a few things you can do: Refinance your mortgage Lenders are competing aggressively for business, so you may find there is another product on the market that is not only better suited to your needs but offers a lower interest rate, saving you thousands over the life of your loan. Make higher repayments Since the beginning of the year most lenders have shaved at least 25 basis points from their suite of home loan products. As such, many borrowers have found their mortgage repayments have dropped. But instead of lowering your repayments, keep paying off your mortgage as though rates have not dropped. That way youll pay it off faster. Use an offset account Borrowers who do this can significantly reduce the amount of interest they pay on their home loan. So if you have recently received a pay rise or are expecting to receive a good amount of tax money back, make sure you feed it all into your offset account as this will help you offset the amount of interest payable on your home loan. Theres more to Easter than a pretty collection of eggs. RARE ELEVATED IN MARINA ESTATE 3 bedrooms upstairs with built-in robes, 4th bedroom or study Timber deck off the living area. Internal stairs link both levels Well established 879m site backs to reserve land Tony ONeill 0412 898 343 $775,00021.54 Bayview 21 Bermingham Crescent Licensed Real Estate Agent Shepherd Street, Darwin FABULOUS ELEVATED Upstairs: 3 bedrooms, ensuite, office, big open plan living Downstairs: Fully self contained granny flat Big established block in a quiet cul-de-sac Ross McGorman 0412 841 923 959,000335 Bayview 2 Dew Place Licensed Real Estate Agent 5/9 Kerin Place, Rapid Creek Impressive Waterfront Prepare to be blown away by this stunning 2-storey waterfront duplex home. You will be immediately impressed by the superb quality of the finishes throughout. Nick Scaturchio 0433 038 633 & Shun Hatton 0414 282 100 Open: View By Appointment FOR SALE 223 Cullen Bay 2/23 Paspaley Place Licensed Real Estate Agent 141 Mitchell Street YOULL LOVE THIS ONE! Quality 3 bedroom apartment in tightly held complex Located on the 3rd floor with views over the marina out to the sea Modern kitchen, ensuite, walk in robe, store room and lots more Ross McGorman 0412 841 923 $679,000223 Cullen Bay 23/40 Marina Boulevard Licensed Real Estate Agent 5/9 Kerin Place, Rapid Creek Splendid Sea Views Beautifully presented unit with panoramic views of Darwin Harbor Huge living room opens onto a supersized terrace Large locked storeroom beside car spaces Rick Trippe 041 1234567 Open: By Appointment $949,000223 Darwin 29/15 The Esplanade Licensed Real Estate Agent Level 2, 46 Smith St Mall HIGH EXPECTATIONS DELIVERED 135m2 of living plus 25m2 balcony plus 2 undercover car parks Highly functional kitchen with sensational storage capacity Bedrooms are well proportioned and well equipped Roger Bell 0438 513 304 Open: By Appointment $690,000222 Darwin 21/29 Woods Street Licensed Real Estate Agent 18 Stuart Highway, Stuart Park