NOW is an excellent time to invest in your own home. GMCU deputy CEO, Peter Thomas said, “With borrowing rates being low and very competitive, now may be the time for people renting or living at home with mum and dad, to purchase their own home.
“Low rates make it easier for people entering the home loan market because their repayments are more affordable. If your budget is tight, a fixed rate loan is a great way to safeguard those repayments for a few years, in any case, low rates are also a great opportunity to build a buffer by getting your loan in advance.
“Any extra payments you make come straight off the loan principle and start to save interest right away. Getting your loan in advance will create a cushion you can use if rates rise in the future, if you need a repayment holiday, or even just to redraw and spend later.
“And our special offer rate of 3.59 percent makes it that much easier.”
GMCU has branches throughout central Victoria, each with experienced bankers who can discuss how interest rates may affect your personal situation, including branches in Shepparton, Mooroopna, Kyabram, Echuca, Benalla, Numurkah, Seymour, Euroa and Kilmore.
