Debt Free Sooner Pty Ltd

	About us Debt Free Sooner was established in 2004 to provide competitively priced mortgage loans, backed by a superior customer care program. We are a wholly Australian owned and operated business, established and staffed by a highly experienced and customer focussed team. We know how to get your loan in place when and how you need it, and we know what is expected from us afterwards! How our loans are funded Our loans are sourced from the wholesale mortgage markets and funded by professional investors such as superannuation funds, banks and life insurance companies. Debt Free Sooner is contracted by a wholesale funds provider to manage your loan. To protect all parties, every one of our mortgages is held in the name of a trustee who will keep all documents (including your title deed) in safe custody. Our service is aimed at:

	Current home owners wishing to reduce mortgage debt

	New purchasers looking to minimise cost and own their home as quickly as possible

	Investors wanting to minimise cost and maximise return

23 July, 2008

Surviving with interest rates on the rise

The Reserve Bank held interest rates at the 1 July board meeting but the banks lead by St George have all now increase their lending rates out of cycle. The banks are claiming the costs of lending have increased as the fall out from the US subprime mortgage market continues. The average standard variable interest rate is now 9.60%. The official Cash Rate remains at 7.25%.

While this latest out of cycle rise by the banks will be a disappointment to many families dealing with increases to living costs and petrol. Investors and businesses are also suffering as higher repayments cut into their cash flows just like homeowners