Money Matters with Melody Newsletter September 2017


Variable Interest Rates or Fixed Interest Rates?

Variable Interest Rate

Variable interest rate can move depending on market conditions. They can go down or up as the economy dictates. Loans with variable interest rate are usually more flexible and will allow you to makes extra repayments with no penalty fees. They usually allow you to have a redraw facility and an offset account. This can mean that while you have extra money in your redraw facility or offset account you will pay less interest. You then have the option to withdraw the extra funds from your redraw facility at any time you may need it. The fees and charges differ from bank to bank.

Fixed Interest Rate

Having a fixed interest rate on your loan means that a certain interest rate is locked in and will not change for the period of time for that fixed interest rate. Generally the fixed time periods are1, 2, 3, or 5 year fixed rate. Most banks do not allow you to pay extra funds during the fixed rate term period. Reasons people tend to fix their home loan rates are;
 If they believe that interest rates are
Issue 1
September 2017
Hi, Spring is here and I for one am happy to say
farewell to Winter for another year. With the weather on the improve the property market tends to be
reinvigorated and the flow of new listings to the housing market is likely to increase.
“Is it time to take that next step?
With this comes opportunity to review your current situation and see if you are ready for the next stage in life whether that is buying your first home, upgrading from your existing home, renovating, maybe you’re ready to take the leap into the investment space or extend on your current portfolio. Whatever that next stage in your journey is it pays to be fully prepared, you can benefit from a no obligation financial re-view. If you are also interested in gaining an estimated value of your property please let me know and I will provide you with a core logic property report at no cost to you. Please call today to have a chat and get the full picture before you start that next adventure, 0409 271 975.
Regards, Melody.
Money Matters with Melody. Mortgage & Finance Broker

2 year fixed rate @ 3.69% for loan sizes over $250,000 + 350,000 points equivalent to an $1,800 voucher on loan settlement To find out more about this special offer or to review your circumstances please get in touch. *Revert rate 4.64%, comparison rate 4.86%, subject to lender approval*
Refinancing could save you thousands
It’s often said that Australians are more likely to divorce their spouse than switch banks.
If you would like to be emailed the full article please contact me
Contact us so we can help you with….
 Home loans
 Review your current home loan
 Consolidate debt and free up equity
 Investment properties
 Vehicle and equipment finance
Money Matters with Melody Po Box 349 Narangba 4504.
0409 271 975 [email protected]


Healthy oat & blueberry blender
Prep Time: 5 mins * Cook Time: 15 mins * Serves: 8-12
Delicious and super healthy, these gluten free Oat & Blueberry Blender Muffins are so easy to make and
nutritious enough to have for breakfast!
1 ½ cups / 150g rolled oats
½ cup plain flour
2 large ripe bananas
2 large eggs
1 cup greek yogurt
3 tbsp honey
1 1/2 tsp baking powder
1/2 tsp baking soda
1/2 tsp vanilla extract
pinch of salt
1 cup / 125g fresh or frozen blueberries
1. Preheat the oven to 390f / 180c. Line a muffin tray with muffin cases and spray them with a little spray oil.
2. Put all the ingredients except the blueberries into a blender or food processor and blitz until all combined. Stir in half the blueberries.
3. Pour the mixture into the muffin cases, filling 3/4 full. Top with the remaining blueberries.
4. Bake in the oven for between 15 – 20 minutes or until a toothpick comes out clean.
Melody Torrens is a credit representative (495770 ) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence no 391237).

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