How to make your mortgage work for you
Since Oct,2009 Reserve has increased 6 times its rate bringing the cash rate to 4.25%, the average variable rate borrower liked you and me are obtaining in the range of 6.71% to 6.81%, this inevitably puts enormous financial pressure for many people who has a mortgage over them. Australia rate movement is bold due to various factors such as: GFC is not totally over, Greece crisis is still lingering in the air causing global stock market to tumble in recent weeks. Beside, Australia is a country that is heavily dependent on exporting our resources to other countries and our local market is not big enough liked China to consume our own produced goods and services. Then why is Australia is the only developing country that keeps increasing its rate? Many investors are unable to predict the rate movement liked an economist, but interest rate is directly affecting one’s return of investment, hence it becomes a sensitive area that any astute investors cannot afford to ignore. It's the &quo