Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 1300 LENDING

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  • Elders Home Loans

  • Katrina Parrington

    I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

    I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

    Tel: 08 8953 8800
    email: katrina.parrington@eldershomeloans.com.au

Posts Tagged ‘Mortgage’

IS IT A BUYERS OR SELLERS MARKET?

Posted by Katrina Parrington on April 22, 2015

FHOG pictureWhile the pendulum swung slightly in favour of sellers over the quarter to Jan 2015, market conditions in Australia as a whole remain balanced, according to the latest Commonwealth Bank-CoreLogic Home Buyers Index buyers.

In other words, supply and demand are roughly equal. A closer look at the figures, however, reveals that conditions vary greatly in different property markets around the country.

Why is this important?

Understanding whether you’re in a buyer’s or seller’s market can give you the edge when it comes to property negotiations. In a seller’s market, where demand is high, the seller can often negotiate a higher price. In a buyer’s market, where supply exceeds demand, the opposite is true.

Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates, land shortage, Major Banks | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on IS IT A BUYERS OR SELLERS MARKET?

Banks’ RBA break to drive broker business

Posted by Katrina Parrington on February 3, 2012

A wave of borrowers could be seeking out brokers should the banks choose to sit on their hands after any RBA rate cuts.

MFAA chief executive Phil Naylor has predicted that inaction by the banks could see “the gauntlet thrown down” to borrowers, and may motivate them to ditch their lenders in favour of a better deal.

“2012 will see a more challenging economic environment and coupled with a change in lenders’ behaviour, the onus will be on borrowers to seek out a better deal for themselves through an MFAA approved broker,” he said.

Naylor pointed to statements from Australia’s banks that they will not move “in lock step” with the RBA, and said this could see more borrowers doing it tough.

“As a result the drop may not be passed in a timely fashion or not at all to borrowers, who will then be faced with the challenge of continuing to meet their current interest payments without any respite. This will please neither the Reserve Bank nor the Federal Government, which will put pressure on lenders to pass on the rate cut,” Naylor predicted.

Posted in Elders Home Loans - Alice Springs | Tagged: , , , , | Comments Off on Banks’ RBA break to drive broker business

Borrowing Within Your Means

Posted by Katrina Parrington on May 31, 2011

While your lender will give you a maximum borrowing amount, it is essential that you determine your own borrowing capacity when searching for your new home

The choices you make when taking out a mortgage have long lasting implications – so you need to approach borrowing with a healthy attitude.

How much you can borrow and how much you should borrow are two very different things. While your lender should not let you borrow more than you can afford, ultimately the choice is yours – so be careful not to over commit yourself. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , | Comments Off on Borrowing Within Your Means

Flooding may propel rates higher

Posted by Katrina Parrington on January 21, 2011

By Adam Smith | 17/01/2011

Queensland’s floods may have the unexpected economic impact of actually raising interest rates, a new report by Deutsche Bank indicates. The bank’s assessment of the flood’s impact on the Australian economy estimates first quarter GDP growth will be reduced by 0.5%. However, this slowdown may not be enough to keep rates on hold, due to flood-related inflationary pressures.

“Given Queensland is a key producer of supply-constrained commodities, we are more inclined to view the ultimate economic impact of these floods through the lens of an inflationary supply shock,” the bank’s report said. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , | Comments Off on Flooding may propel rates higher

ANZ Lowers Fixed Rates

Posted by Katrina Parrington on May 28, 2010

ANZ has slightly lowered rates on a number of its long-term fixed mortgages as a result of less pressure on the cost of long-term funding costs.

The lender dropped its three-year fixed rates by six basis points to 7.64% giving it a competitive advantage over CBA and Westpac whose three-year fixed rates are 7.89% and 7.79% respectively.

ANZ also lowered its four-year fixed loans by 19 basis points to 7.74% and dropped its five-year fixed-mortgage to 7.94% from 8.03%. However, ANZ increased its one-year fixed rate by 13 basis points to 6.84%.

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Interest rates may drop

Posted by Katrina Parrington on May 8, 2010

The financial crisis in Europe may keep property prices and official interest rates down in Australia.  Until now there’s been a feeling the Reserve Bank would raise rates again this year.  Economists are revising their predictions and many are now tipping the Reserve Bank may even cut rates next month.

Common thought is that rates will hold for the next few months at least with mortgage rates levelling out, it is expected to lead to a slower housing market.

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , | Comments Off on Interest rates may drop

Commonwealth Bank warns of 4 more rate rises

Posted by Katrina Parrington on March 28, 2010

  • This would push the official rate from 4 to 5 per cent. Based on the average SA mortgage of $242,500, mortgage-holders would pay an extra $151 per month, or a total of $1713 per month.

This increase assumes that banks do not independently move their own rates higher, which has been common practice since the global financial crisis struck.

Read the rest of this entry »

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