2022 July Your Finance News

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Hi *|FNAME|*,

In last months edition of Your Finance News we spoke about the impact of rising interest rates and if it was too late to fix your rate.

This topic has generated a number of enquiries and this month we cover two of the frequent questions:
  • How much will my monthly repayments increase as rates rise?
  • What happens when my current fixed rate expires?
We have some staff movement to advise, firstly our team has grown and we are excited to welcome Natalia Pustovoitova.
As we are talking about growth, Alisha Perry has a growing family and decided the time is right to take an extended break and dedicate more time to her three boys (and husband).
Michele and the team will be looking after Alisha’s current and new clients during this time.

As always, if you have any other questions regarding your finance needs, feel free to email or click the button below to book an appointment.

Kind regards
Michele and Alisha
Book an appointment with Michele or Alisha
How much will my monthly repayments increase as rates rise?

Mortgage rates are rising quickly, and many homeowners may have to tighten their belts further if the Reserve Bank hike the cash rate again at the August meeting.

Some of our clients are understandably feeling a little concerned about interest rates going up, particularly those who haven’t experienced rate rises before. Plus, the rising cost of living isn’t helping matters.

To help plan for and understand the impact of a rate increase, we have provided below an estimation of the impact depending upon your loan amount and the level of increase passed on.

You can also conduct your own variations using our handy calculators, head to our website, go to resources and calculators.
You will need to know your current loan balance, interest rate and remaining loan term.

There are also Plenty of Tips you may find useful, you’re welcome to share these with your family and friends.

Please feel free to click the button below to book an appointment.

Book an appointment with Michele or Alisha
You will have seen in the media there has been a constant flow of articles warning about interest rate increases being driven by the Reserve Bank of Australia (RBA) increasing the cash rate.

The first of the increases came in May when the rate was increased by 0.35% from an historic low of 0.10%.

Since May, there have been two further increases of 0.50% each, increasing the cash rate to 1.35%, and further increases are being forecast by the nation’s economists. Three of the four major banks are forecasting a cash rate of 2.60% by early 2023.

The RBA Deputy Governor, Michele Bullock, recently commented that Australian households were generally in a good position to weather coming interest rate increases and that households with fixed-rate mortgages had been shielded from interest rate increases so far.

However, borrowers with fixed-rate loans due to roll onto variable mortgage rates will experience much higher mortgage costs.

All banks have been passing the rate increase onto borrower’s variable rate loans and at EquityVision we have been monitoring all interest rate movements and have a program in place to assist our clients who have fixed rates expiring in the coming months.

We have your back. Around 6 weeks prior to your fixed rate expiring we will be in touch with you to discuss the impact of the rate rises on your repayments and discuss your options.

If you wish to discuss this, or any other finance question, earlier, please reach out to us by replying to this email or click here to book a time for a chat with Michele.

We are also available to assist any of your friends or family who may be concerned about increasing interest rates and would like to discuss their situation. Please feel free to pass on our contact details.
Book an appointment with Michele or Alisha
Welcome to the Team!

We are excited to welcome Natalia to the growing EquityVision team.

Natalia is a member of our efficient back office team, making sure the wheels run smoothly, providing our clients with an outstanding customer experience.
Time to look after the growing family.

Alisha Perry has decided that now is the right time to take an extended period of leave to dedicate time to her growing family.

With three young boys, Levi, Xander and the youngest Remi being just 6 months old, Alisha is looking forward to prioritising her boys and hopefully catch up on some sleep.

Alisha will be returning to the office after school resumes on the 1st of February next year.

All of Alisha’s current and new clients will be looked after in style by the team, so if you have any questions please call us on 03 8372 0775 or email us at
We have recently updated our Facebook, Instagram and Linkedin pages to better provide current information.
For users of these platforms, we would love for you to click the links below and follow our pages to stay in touch.

Kind regards,
The team at EquityVision 
Your Mortgage and Finance Brokers
Suite 6 / 296 Bay Road Cheltenham VIC 3192
Michele Mansfield (CR No. 399836) and Alisha Perry (CR no. 502031) are credit representatives of Buyers Choice Licencing Pty Ltd (Australian Credit License No. 509484).
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