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14th June 2014

CRUNCHING HOME LOAN NUMBERS Smart home owners already know the benefits of paying more than the minimum repayment on their mortgage. And most experts agree that there has never been a better time to make additional repayments than right now. The concept is simple – pay a modest amount more than the minimum repayments and save bucket loads in interest over the term of the loan. (Also, the bulk of the interest on a home loan mortgage is charged in the early years of a mortgage, when the outstanding amount is at its highest. This is the best time to start reducing your loan balance.)


104 Somerville Road 9316 9000

Williamstown 1/66 Douglas Parade (Corner Stevedore Street) 9393 1600

A $300,000 mortgage with an interest rate of 5%, for example, would cost $72,000 in interest in the first five years. The same mortgage at 7% would cost $102,000 in the first five years. Paying an extra $100 each week on a 5% 30 year loan shaves 11 years off the length of the loan and saves $115,000 in interest. Making these additional repayments is also excellent preparation for when interest rates rise which many predict may be sometime this year. For anyone about to take out a new mortgage in today’s low rate environment, it’s strongly recommended that you can still comfortably repay the loan if rates were no less than 2% higher. Online loan calculators are a great tool for crunching numbers and creating several different financial scenarios to see what is both manageable and sensible. Craig J. Stephens Managing Director / Officer in Effective Control M 0418 547 938

As a service to our vendors, we will require names & phone numbers on entry of all inspections. Privacy Act 2000: We use personal information collected from you during open for inspections for security purposes. We may also use that information to contact you with respect to this property and others we believe may be of interest to you. Also, we may contact you in relation to other services provided by us or our associates such as insurance, mortgages and loans. By providing your information to us you agree to our use of it as described above unless you advise us differently. If the information is not provided we may not be able to provide an effective and comprehensive service to you. (Your personal information will be collected and held in accordance with provisions of the Information Privacy Act 2000). We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. We strongly recommend that you clearly register your interest with our representative at the open for inspection, so that in the event of a sale being imminent, your position is protected. We make every effort to contact all interested parties prior to a property being sold.


Does your career need a new direction? Make the most of opportunities. Positive and motivated sales people needed. Part time or Full time.

ALEX TEEUWSEN Sales Consultant

NATHAN GLEESON Sales Consultant

REECE GOSSTRAY Projects Sales Manager Banbury Village Sales Manager

HELEN CORALLO Personal Assistant for Branko Lemaic & Tate Moore

Mobile 0487 648 159

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Mobile 0418 378 276

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NICOLE GRECH Marketing Manager

LACHLAN MCCRAW New Business Development Manager – Rental Department

DARIA BECK Rental Department Manager

NICOLE SMITH Leasing Consultant Rental Department

SUE STEVENS Property & Finance Consultant

MAX WALLER Director Provincial Home Loans

Mobile 0423 590 508

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Jas Stephens Magazine 14 June 2014  
Jas Stephens Magazine 14 June 2014  

Jas Stephens Magazine 14 June 2014