More than just a mortgage.

Getting a home loan health check is important. You want the best structure, strategy and interest rate to pay down your debt as soon as possible. If this is your owner-occupier home debt, there is no point in you having it. There is no benefit to you in having this debt, so pay it down as fast as possible!

We encourage people to get a monthly statement for their loans. This way you can keep track that your payments are being made on time as well as your interest rate. You may find that over time, lenders will to raise your interest rates. Any excuse will do. If the Reserve Bank of Australia were to raise rates, lenders will do the same. The Royal Commission introduced recommendations and to implement these interest rates were raised as they now have to pay their staff for working more hours to ensure compliance of the loans coming through. Finance Brokers are there to keep the lenders honest, otherwise, their profit is driven by the amount of interest you are paying to them. Many clients have found that lenders are not willing to reduce or match an interest rate they have found until we have gotten involved.

Lenders do want your business though and in saying that, they may have different incentives in place especially in the form of a refinance rebate. Rates are still low today. To see if you can keep more of your money in your pocket, call us now. Better in yours than theirs.