Is it time to switch your home loan?
With hundreds of home-loan products in the marketplace, how do you know that you've selected the right product for your circumstances? it's worthwhile considering what other lenders can do for you. This is where we can help. We review dozens of different lenders and discover what product will work for you and save you money in the process.
"Switching loans works because the home-loan market is a borrower’s market: your lender will want to keep your business, other lenders will want to take it. You can make this competition work for you. If your interest rate is not as competitive as other rates in the market, you can ask for a better deal: but you have to find this itself for yourself. Plenty of borrowers who don’t do their homework can find themselves effectively losing thousands of dollars in interest, or stuck with an inferior loan in terms of features and flexibility."
SEPTEMBER 8, 2015
You may have signed your home-loan on an appealing introductory rate, but how does that compare to the current market? If you haven't reviewed your home loan for a few months, or even a few years, you could be paying excessive amounts into an unsuitable loan.
As time passes your banking requirements change. The offset account you didn't need at the time down may be a priority now, or that credit card you took up may not be needed anymore. We analyse your current situation and take all the home loan features into account when recommending a product for you.
When comparing home loans, you should think about any upfront and ongoing costs associated with exiting your current loan and switching to the new home loan. These can include, loan establishment fee, mortgage registration fee, loan service, and exit fees and charges. We will provide you with guidance on all of these costs. (You may also need Lenders' Mortgage Insurance if you're borrowing more than 80% of the property value. Which we can also advise you on.)
To help, we can call or meet you and give you no obligation advice on the costs and benefits of switching your home loan!