Another month, another rate cut. Finance can be so tedious.
That is until you realise it could mean more money in your pocket. But how?
For many, matters of personal finance are so dull and/or difficult, they are immediately filed in the too-hard basket. Unfortunately, these people are often slugged with a ‘lazy tax’ – the price paid for staying put.
Loyalty too, or simply being time-poor, can also be offences punishable by debt in the world of finance.
But it doesn’t have to be this way.
A 2018 Australian Competition and Consumer Commission (ACCC) report showed that new borrowers with an average-sized residential mortgage paid up to $850 less a year in interest than existing borrowers with the same lender.
However, despite the apparent benefits, actively ensuring an interest rate remains suitable is a practice that continues to elude many.
Fortunately, there are people out there whose job it is to assist in this process. That’s where I come in! As your mortgage broker, I can play a vital role in assisting borrowers through the process of ensuring their mortgage is competitive.
I can guide you through the task of refinancing your loan and suggest the best lender for your situation, with the most competitive rate. It doesn’t stop there though, my clients are thrilled when we review their loan each year and I negotiate better rates with their existing lender or discuss their options.
So get cracking. Contact me to review your home loan today!