Welcome
Our finance managers have comprehensive knowledge of the property market which allows them to select the right loan and lender to complement your individual circumstances. The finance managers remove the confusion and time constraints from this task.
At RFS Finance, our finance managers are specialists and will guide you through your loan search to secure the right loan for your needs to completion of your loan and beyond at no additional cost.
News & Events
Home loan with no regular repaymentsRFS Finance is now able to offer clients the award-winning Equity Finance Mortgage (EFM). Based on the pioneering work of the 2003 Prime Minister Home Ownership Task Force, the EFM does not require monthly principal or interest repayments until it is repaid by the borrower - up to 25 years later. When you sell the property, or pay out the EFM for some other reason, you repay the amount you originally borrowed plus a share of any increase in value of the property. Contact an RFS Finance Manager to learn more about this new product.
Millionaires feel the pinchThe number of U.S. households with a net worth of $US1 million or more, not including the primary residence (NIPR), grew just 2% in 2007 according to a new report “Affluent Market Insights 2008” released by the Spectrem Group. While the 9.2 million households does represent a record for millionaires, it comes on the slowest growth rate since 2003, when growth was zero. It also compares with advances of 8% in 2006, 11% in 2005 and 21% in 2004. At the same time, Ultra High Net Worth households, those with a net worth of $5 million or more (NIPR), advanced 2% in 2007 to a record 1.16 million – on the slowest growth since zero in 2002. This represents a significant slowdown from advances of 23% in 2006 and 26% in 2005. The report is based primarily on a series of surveys of over 3,000 affluent households and insights from an online survey of over 2,400 millionaire households.
