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Two Red Shoes Copyright © 2020 All rights reserved. Call on 02 9002 0380, 0404 494 929, email us  or 'old school' fax 02 9002 0381

Jarrett Group Pty Ltd atf Jarrett Group Discretionary Trust trading as Two Red Shoes hold Australian Credit Licence No: 428614 and are members of an external dispute resolution scheme. Details of our complaint resolution process can be found here or please see our credit guide. All information contained on this site is general information only, and does not take into account your particular financial situation or needs. You should consider your personal objectives, financial situation along with the recommendations of your trusted advisors.

Sydney mortgage broker operating in

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  • Hawkesbury

  • Nepean 

  • North Shore

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  • Baulkham Hills

  • Lower Blue Mountains

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  • Windsor and Richmond

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  • NSW Central Coast too!

Smart Property Investment, 2020 vision: Is this the year for refinancing?

Grace Ormsby of Smart Property Investment interviews our founder:


Founder of Two Red Shoes, Rebecca Jarrett-Dalton has observed a trend towards heavy discounting by mortgage providers and has subsequently seen her tout the coming 12-months as “the year for refinancing”.


She commented that customers now expect more from their lenders in return for their business, and has predicted that any lender unable to offer the most competitive rate “will find themselves quickly broken up with”.


The mortgage broker considered that the act of refinancing is becoming a far more acceptable means “to secure the best deal in town”.


As a result, there are a number of “savvy savers” now in the market who are seizing the opportunity they have opened up for themselves through securing a “new, shiny low rate” but are still making the same repayments that they were originally paying.


In effect, it’s “getting these guys ahead by allowing them to build a buffer in an offset account or chipping directly away at the principal”.


And with the market as it currently stands, the broker commented that “it isn’t hard to see why” a number of customers are looking at refinancing.


“The current discounts being offered, particularly on fixed loan rates, are massive!” she exclaimed, highlighting how there are five-year fixed loan rates on offer for as low as 2.7 per cent.


With customers “all over it and locking themselves in”, Ms Jarrett-Dalton said: “The major banks are definitely the ones who are feeling the brunt of customers taking the opportunity to jump ship and find themselves a better deal.”


She indicated that small lenders are capitalising on this by staying competitive and flexible.

The small players “are also quite happy to sit back and watch the big banks come under scrutiny from the media and watch consumers become more and more agitated with the majors”, according to the broker.


While the presence of little lenders may be more limited, Ms Jarrett-Dalton said “they will fight for your business and try to stay relevant in today’s culture by adapting to models such as sustainable lending”.


#save #mortgagebroker #sydneymortgagebroker #femalemortgagebroker #refinance


Original Article Here: https://www.smartpropertyinvestment.com.au/finance/20625-2020-vision-is-this-the-year-for-refinancing

Refinance and save in 2020