Is one phone call all it takes to secure a lower rate?

With official interest rates trending downward, shrewd mortgage holders may take the opportunity to call their lender to ask for a better deal.

But when even a small interest rate reduction means potential savings of thousands of dollars, is a simple phone call really enough to get you there?

Continue reading Is one phone call all it takes to secure a lower rate?

Why you should consider a Home Loan Health Check!

Within the home loan industry there are numerous offers to provide a review of your current loans, whether they call it a “Home Loan Health Check”, “Loan Review”, or similar.

What does this mean? Continue reading Why you should consider a Home Loan Health Check!

Does 1% p.a. make a difference?

As a general statement Australians tend to be lethargic in reviewing their Home Loan once it has settled.  It generally takes another ‘trigger’ event, such as changing homes or renovating before we consider if there is a better loan option available.

Does this mean that many Australians are paying more interest on their home loans than they need to?  I would say in many cases this is definitely the case.

So lets consider a hypothetical couple called Bill & Beth.

Continue reading Does 1% p.a. make a difference?