PROFESSIONAL SERVICES
Enjoy a carefree lifestyle at Lane Cove Gardens
Mortgage Choices First home buyers shouldn’t be deterred!
Units from just $400,000*
• O verlooking Chatswood Golf Course and Lane Cove National Park. • Modern reception which includes hair salon and sunny lounge areas. • Dining room and indoor swimming pool. • A peaceful oasis just 10km from the city. • 24/7 On Call Assistance should you need it.
VISIT US MONDAY TO FRIDAY, 9AM-5PM, SATURDAY 9AM-12 NOON Visit us Monday to Friday 9am-5pm, Saturday 10am-12 noon ORforFOR AN APPOINTMENT CALL 1800 911 911 989. 989 or an appointment call Melinda on 1800
According to Mortgage Choice and Core Data’s Evolving Great Australian Dream whitepaper, 33.7% of prospective buyers said they would be “increasingly unlikely to buy a home” if rates started to climb. Stephanie Cook of Mortgage Choice Lane Cove said “the fact that a rate increase would encourage more than one in three first home buyers to put their property plans on the backburner concerns me. "The fact is, rate rises are inevitable. In fact, over the past few weeks, the majority of lenders have increased the interest rates across their suite of home loan products. “It is important for first home buyers to do their research when applying for a home loan, check that they are not only able to service a mortgage at current interest rates, but at increased rates, which are inevitable over the life of the loan. They should also consider their current and future personal circumstances, as this will impact on their ability to repay the mortgage. “At Mortgage Choice, we always factor in a financial buffer, as do our lender partners. This buffer is usually several percentage points higher than a customers’ interest rate. By doing this, we make sure all customers can not only comfortably afford their mortgage repayments now, but they can also afford their repayments if and when interest rates rise. It’s for this reason that at Mortgage Choice, we ensure every customer is put in the right financial product for their circumstances.” Please feel free to contact us on 9420 3052, visit 15/43-45 Burns Bay Rd, Lane Cove or email stephanie.cook@mortgagechoice.com.au Mortgage Choice Limited ACN 009 161 979. LicenceCredit 382869. Mortgage Choice Australian Limited ACN 009Credit 161 979. Australian Licence 382869.
THE VILLAGE OBSERVER I NO. 262 I MAY 2017 I 17
